News content
-
Anheuser-Busch InBev, the Belgian-Brazilian brewer, chose 21 banks to act as mandated lead arrangers for a $75bn mega loan — the largest ever corporate loan — but the firm coordinated all the banks itself in the unique acquisition financing.
-
Continental Rubber of America, a wholly owned subsidiary of Germany’s Continental, issued a €500m no-grow bond on Thursday, returning to the bond market after a two year gap.
-
The green bond market was home to a pair of firsts this week, as one seasoned issuer sold its first ever bond in any format at a tighter spread to US Treasuries than mid-swaps, and another made its debut in the SRI format.
-
Abengoa is negotiating with five banks and Spain's government for a new €1.5bn credit facility, as the Spanish establishment has rallied round to save the debt-laden renewable energy engineering group, writes Victor Jimenez.
-
Deutsche Bank on Thursday priced its latest Samurai deal well wide of its last effort as investors continued to digest its restructuring, while wild swings in the basis swap between yen and dollars buffet other potential issuers in the format.
-
UBS enjoyed strong demand on Monday for its first holdco level senior debt in euros, with market participants divided on how its pricing compared to opco levels.
-
Allied Irish Banks (AIB) could be ready to give investors a rare taste of periphery bank capital soon, but evidence of investor appetite for higher beta paper was mixed this week.
-
Skandinaviska Enskilda Banken and ANZ took advantage of strong funding conditions in dollars this week, despite a drop in demand for floaters.
-
The European Central Bank’s pockets are likely to prove deeper than investor concerns about a series of potentially destabilising political events in the eurozone periphery this week, according to SSA bankers.
-
BMW returned to the bond market on Tuesday, November 10, with a €1.25bn deal, its first issue since the Volkswagen emissions scandal made investors reassess their attitude to the car industry.
-
National Australia Bank printed a €750m seven year covered bond on Monday. But the deal didn’t fly off the shelf, even though it offered a substantial premium to other Australian covered bonds. The lack of European Central Bank repo eligibility and slackening demand in the seven year area was blamed.
-
The Republic of Cameroon reverted to launching its bond at a yield of 9.75% on Thursday — in line with initial price talk but at the wide end of the updated pricing range — in order to secure a larger deal than was on the table at the tightened level.