News content
-
Hapag-Lloyd announced on Monday its intention to float in Frankfurt, as it finally launched a deal which had been in the pipeline for a very long time.
-
Poste Italiane, the Italian state-owned post office, launched on Monday the investor education phase of its long-awaited, mammoth-sized initial public offering in Milan.
-
A German agency is set to tackle the short end of the euro curve, as a fall in rates across the curve limits issuers’ options in the currency.
-
A European sovereign will sell a short dated dollar benchmark on Tuesday, but a weak market backdrop and tight swap spreads are likely to hold other issuers back from bringing deals in the currency.
-
Spain is enjoying a strong warm-up for a debt auction this week, as its yields fell faster than its eurozone periphery peers following a Catalonian election where independence parties won just under 50% of the vote.
-
CEEMEA bonds are continuing their fall from grace with few bids stepping in to stabilise the market. Syndicate officials worried the sell-off could worsen further as reports emerged of Saudi Arabia withdrawing funds from asset managers.
-
Germany is pushing ahead with plans to make senior unsecured debt TLAC eligible, and with the new rules to be finalised in two months’ time more jurisdictions are expected to fall in behind it.
-
With local currency devaluations hurting dollar bond issuers across Latin America, Peruvian sugar cane producer Corporación Azucarera del Perú (Coazucar) has launched a tender offer for up to $165m of international bonds.
-
Steilmann, the German clothing retailer that aims “to make people feel fabulous about themselves”, announced today that it was preparing to float in Frankfurt by the end of the year.
-
World Bank is readying an innovative bond issue aimed at reducing methane emissions, GlobalCapital can reveal.
-
UniCredit agreed to underwrite Banca Popolare di Vicenza’s planned capital increase on Monday. That helped the bank to launch tier two capital bonds into uncertain markets on Friday.
-
Pakistan’s latest 10 year transaction was trading well in the secondary market on Friday, buoyed by a wider recovery in credit and equities.