News content
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A miserable start to the new year in global equity markets has increased the likelihood that corporate bond issuance in Europe will be thin this week. -
A pair of SSA heavyweights are limbering up for the first public sector dollar benchmarks since the US Federal Reserve raised rates late in 2015 — and plenty more could follow ahead of the next Fed conflab.
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Automotive company Mazda drew three Japanese banks to its €500m refinancing facility in late December, allocating over half of the deal to two of them, according to a loan official with knowledge of the deal.
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The Inter-American Development Bank has appointed a new treasurer, Francisco Ramón Ruiz García, who is to start the role on April 1.
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Eurozone quantitative easing may benefit new high yield issuance less than it will help other primary debt markets, Standard & Poor’s said in its European corporate credit outlook for 2016 on Monday. Nevertheless, market participants remain hopeful.
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Electra Partners and Patron Capital have agreed to buy Grainger Retirement Solutions, the home reversion equity release business of Grainger plc, for £325m.
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Middle East bonds have sold off further on Monday morning as tensions between Iran and Saudi Arabia escalated and Chinese stock markets fell, damming the flow of bonds from the region that had been expected.
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Sistema JSFC, the holding company of a Russian investment firm, has signed a $350m club loan with two Chinese banks.
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Kuwaiti logistics firm Agility Public Warehousing Company is arranging its first loan since 2008, according to bankers.
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Russian fertiliser producer EuroChem has secured a €557m club loan for a subsidiary with the support of SACE, the Italian credit export agency.
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The Bank of Portugal has made an unexpected decision to transfer five of Novo Banco’s senior bonds to Banco Espirito Santo (BES), raising legal questions about how the notes were selected.
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FIG bankers hoping for a smooth start to the year were disappointed on Monday as a Chinese stock market plunge caused a rocky morning on the secondary market.
