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Banco do Estado do Rio Grande do Sul (Banrisul) has become the third Brazilian lender to launch a tender offer for existing debt as bond prices in the country hit lows.
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Equity market participants in the Persian Gulf are hoping for a quickening of activity in the final months of the year, after a disappointingly slow 2015 so far. But there is little certainty that many issuers will risk market conditions that could well remain volatile.
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Symetis, the Swiss company that makes heart valves, began the bookbuild for its Sfr80m IPO on the SIX Swiss Exchange on Tuesday.
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Hastings Group Holdings, the UK car insurance company, announced on Tuesday its plan to float on the London Stock Exchange, issuing about £180m of new shares. The deal will also include a secondary component.
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Ardian has raised €2bn with its third generation private debt fund, with 40% allocated already.
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As credit markets prepare for the FOMC announcement on Thursday, some traders said they are exhausted with speculation about the timing of a hike.
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A pair of European supranationals are set to pick up size at the long end of the curve this week, after European Stability Mechanism hired banks for its second benchmark in two weeks.
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It seems that Latin America bond fees are going the way of CEEMEA — small to the point of non-existent for some issuers — and that is a frightening prospect. But it is better that banks accept and plan for that now rather than rage against the dying of the wallet.
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Finnvera took its first ever billion sized bite of a core currency bond on Tuesday, enticing investors with a juicy pick-up over its sovereign’s curve.
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Pentair, the UK-headquartered maker of fluid and thermal systems, priced a €500m bond in line with initial price thoughts on Monday, after deciding to plough ahead with its funding plans despite a difficult market.
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Sanofi, the French pharmaceutical company, priced a €2bn three tranche bond on Monday — a large slice of the day’s activity as issuers kept up strong supply in a heavy-feeling European corporate bond market.
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Investors placed orders of over €3.5bn for ABN Amro’s long awaited debt additional tier one offering on Tuesday, proving the resilience of that asset class in what is once again a difficult market.