News content
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It was a week of firsts for the socially responsible investment sector, with several issuers bringing innovations or printing record sized deals.
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Deezer, the French music streaming website, abandoned its IPO after the bookbuild closed on Tuesday without a covered message. -
The executive president of Andean development bank CAF tells GlobalCapital that the bank is anticipating greater demand for its loans as the region’s economic slowdown hits, and looks at how Latin America can generate much needed growth.
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Italy based construction company Saipem has signed an agreement with seven banks in a €6.7bn refinancing which will secure the firm an investment grade rating.
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The flying cars and self-drying suits that Marty McFly discovered on October 21, 2015 in Back to the Future may not exist, but self-recovering auto credit spreads have been in evidence over the past week – taking Europe’s big carmakers back to the levels they enjoyed in September before the Volkswagen emissions scandal.
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Amundi’s IPO has found a favourable reception in investor education, the company’s CEO, Yves Perrier, said today.
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Abysmal quarterly earnings from Shell and other producers have left traders in oil futures trying to gauge whether the worst is over.
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Procter & Gamble, the US consumer goods company, brought a €1.25bn bond issue to the European market on Tuesday, bringing life to an otherwise moribund reverse Yankee market.
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Iren, the newly rated northern Italian utility company, sailed through another day of low issuance on Monday, drawing in a €3.4bn order book for a €500m bond.
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Autoroutes Paris-Rhin-Rhône, the French motorways group, won a €4.9bn order book for a €500m eight year no-grow bond issue on Thursday, as investors returned in force to the primary market.
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Three issuers launched covered bond benchmarks in euros this week, down from nine in the previous week, as borrowers anticipated an improvement in market conditions and lower new issue concessions.
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Microsoft led a stampede by high grade borrowers to the dollar bond market this week as the latest Fed meeting pointed to the chance that it may raise rates in December.
