News content
-
Hikma Pharmaceuticals priced the first international Jordanian corporate bond in over a decade on Wednesday, finding decent demand despite not naturally fitting any one investor base.
-
National Bank of Kuwait made its first appearance in the capital markets since 2002, bypassing senior unsecured to sell a $700m additional tier one trade on Wednesday.
-
Chevron Nigeria and Maurel & Prom, a French company with African oil assets, are both talking with banks about loans despite recent oil market pressure.
-
Greece’s protracted negotiations with its international creditors stifled potential peripheral eurozone syndications this week — and the one issuer that did come had to take a defensive approach.
-
Three agency names kept the Kangaroo market ticking over this week, as bankers prepared for a slew of redemption driven activity later in April.
-
Ooredoo — Bulgaria — Land Securities — Nidera — AS Adventure
-
DVB Bank fell foul of Germany’s recent draft legislation on the status of senior debt on Tuesday, with a new issue failing to draw interest despite a juicy new issue premium.
-
UK energy company Centrica has sold its first hybrid bonds, as prospects for issuance of the subordinated instruments remains strong.
-
Lufthansa is one of several airline credits to have seen its CDS spreads tighten in line with the falling oil price. But a plane crash at one of its subsidiaries last week has led to investors focusing on the German firm, and the scrutiny is inevitably negative.
-
Idea Bank, the Polish challenger bank, on Wednesday set the price of its Warsaw IPO at Z24, the bottom of the range, and reduced its size, because investor demand failed to meet expectations.
-
Shawbrook, the UK challenger bank, received strong domestic and US demand for its £217.5m London IPO, and rose 6% on Wednesday, its first day of trading.
-
Northern Rock Asset Management (NRAM) made a tender offer for its €2bn 3.875% November 2020 covered bond and intends to pay a 2% tender premium if investors surrender their notes before 4pm on April 17.