News content
-
Altice accelerated the deadline on its refinancing exercise this week, bringing forward the deadline for commitments to just three days after the deal was launched. -
Covered bond issuers have provided more than €7bn of supply this week after a moribund spell, proving themselves to be more nimble and opportunistic than perhaps ever before.
-
The market is poised for an overhaul of Europe’s securities rules, as part of the European Commission’s Capital Markets Union agenda. The UK has weighed in on the debate arguing for a stripped down process, a split prospectus, and no blackout period.
-
Metalloinvest’s $750m loan was no picnic for lending banks — the Russian miner self-arranged the deal and pushed hard on pricing — but this tenacious deal will not encourage a run of Russian deals soon, according to bankers.
-
German wheelchair maker Sunrise Medical’s €315m acquisition loan has begun trading in secondary markets after being priced in line with initial guidance.
-
-
The Republic of Zambia and Georgian firm Rustavi Azot kicked off roadshows this week, providing hope that a reopening of the CEEMEA sovereign and corporate markets — courtesy of Kazakhstan and Naspers — maintains momentum.
-
Verallia, the French glass bottle maker, started sounding investors on Thursday for an €860m-equivalent bond to finance its acquisition by alternative investment fund Apollo Global Management.
-
Greece’s position as the dominant driver of market sentiment has been unassailable in recent months. But there may be a hiatus if an agreement is reached on bridging finance for Greece, potentially leaving room for another theme to shape credit spread direction.
-
Thermo Fisher Scientific became the first US issuer to tap the euro corporate bond market for a fortnight on Thursday, bucking expectations by grabbing a skinny new issue premium compared with European issuers.
-
Telecom Italia announced the indicative results of a dollar and euro bond buyback on Thursday afternoon. It will repurchase around €980m of notes from seven bonds.
-
Deutsche Wohnen, the German property company, issued its first conventional bond on Thursday, benefiting from strong market sentiment after Greece’s parliament approved a new bailout package.
