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A pair of SSAs are set to bring dollar deals on Wednesday, despite worries over the health of the Chinese economy making life difficult for other issuers in the currency on Tuesday.
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The European Financial Stability Facility and Nederlandse Waterschapsbank on Tuesday brought euro benchmarks in five and seven year maturities. Now much more at those tenors is expected.
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The initial public offering of Ferrovie dello Stato Italiane, the Italian state-owned railway network, may take place this year, the country’s finance minister said on Tuesday.
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Spain has opened its funding year with a deal in the upper echelons of record sovereign deal sizes and an enormous book for the third year running. but it's the quality of investor the sovereign attracted this time that was most notable, according to bankers.
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Nestlé brought a £100m tap to market on Tuesday, seizing the chance for an opportunistic trade that enlarged a bond issued in December.
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Though financial institutions and public sector entities were busy issuing bonds on Tuesday, corporate issuance was quiet, despite the success of the only two trades so far this year and increased confidence that European markets can cope with Asia’s difficulties for the moment.
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Mondelez, the US food and beverage company, on Tuesday priced a dual tranche Swiss franc deal extending its run of Swiss deals to three and drawing praise for its blinding start in the currency.
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Poland’s new euro denominated dual tranche bond slumped after pricing. But one bad bond should not put off other issuers. There are plenty of reasons why CEEMEA trades should work — if bankers do their part.
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European Investment Bank (EIB) sold its first Climate Awareness Bond denominated in Swedish kronor for the year on Monday, printing a five year note, after selling its first green bond in euros for 2016 on January 5.
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Investors barely charged Mediobanca and Royal Bank of Canada on Tuesday for printing new five year senior bonds.
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Banks on Euro Garages' £745m acquisition debt package have set price talk, with bank meetings taking place on Tuesday.
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Republic of Poland’s €1.75bn dual tranche market reopener underperformed on the break on Tuesday. Bankers away from the mandate said the deal was too tight with the leads wrong footed by illiquid secondary levels, but the Poland ministry of finance called the note a success.