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The second Greek general election of the year has returned a much more market friendly result than the first one, and SSA bankers are hopeful that a prevailing calm in the euro market could lead to some deals.
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Proximus, the new name for Belgian telecoms company Belgacom, issued a €500m no-grow bond on Monday and won high oversubscription.
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Concerns over a potential conflict of interest in the process for winding up Afren, the oil exploration company, have further irked shareholders, creditors and employees of the firm, still reeling from its sudden collapse at the end of July.
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Guidelines for the public sector on how to grow the green bond market could help support $1tr of issuance of the instruments a year by 2020, its authors have claimed.
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A supranational is set to bring only the third dollar benchmark from an SSA since the start of September, after mandating banks for a deal on Monday afternoon.
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Interoute Communications, Europe’s largest operator of cloud services, began offering €590m of bonds on Monday to fund its recent takeover of peer Easynet from the UK’s MDNX Group.
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Park Resorts, the UK’s largest holiday park operator, will syndicate a £550m term loan B after bank meetings in London on Wednesday this week.
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Research by JP Morgan, published last week, said that the widespread implementation of a statutory solution to TLAC requirements would lead to further underperformance in senior spreads, and a fundamental reassessment of the asset class’s risk profile.
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Stanbic Zambia signed its debut syndicated loan on Friday and increased the deal to $75m, after oversubscription from lenders.
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Hengtao Securities has received listing approval from the Hong Kong Stock Exchange (HKEx) for its $200m IPO, but is yet to fix dates for marketing as issuers and bankers continue to take a watch-and-wait stance on the market.
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HSBC lined up its second additional tier one of the year on Monday as FIG issuers start to re-engage with the market after a period of inactivity last week.
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Danica Pension on Monday was first to test the FIG market since the US Federal Reserve's rates announcement last week when it opened books on its subordinated tier two notes.