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The Austrian state of Carinthia announced that it will provide a line of liquidity support to Austria’s Pfandbriefstelle suggesting a slight improvement in the negative political backdrop dominating the Austrian banking sector.
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ABN Amro returned to the Kangaroo market on Wednesday after a 12-month absence with a new five year bond.
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A Dutch agency picked up £250m on Wednesday with its first visit to the sterling market in nearly a year.
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Rentenbank priced the first ever six year Kangaroo deal from an SSA issuer on Wednesday in line with guidance at 22bp over mid-swaps.
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This has been the busiest first quarter ever for equity capital markets globally, driven by record activity in Europe, the Middle East and Africa and a near-record output in the Americas.
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ING is set to leap into the post-Easter market for its first additional tier one deal, looking to add to a recent hot streak for subordinated paper.
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Sentiment improved in covered bonds this week, mirroring the better backdrop in credit markets. Two German issuers found solid demand for their deals, in contrast to the previous week when issuers had struggled to sell bonds. Both this week’s trades were in the intermediate sector, in contrast previous deals which had been in the oversupplied long end of the curve.
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Wirtualna Polska, the Polish internet portal company, is in the investor education phase of its initial public offering, which could value the company at about €160m.
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Supply of callable zero coupon notes has jumped in March and while banks have been on the receiving end of investor interest, a change in investors’ yield targets may be the cause.
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At this time of the year we all look forward to a visit from the Easter Bunny, but there was confusion in Leak Towers as we thought we heard someone say they were visiting the Easter Turkey.
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Swiss travel operator Dufry is set to launch around €1.5bn of loans and bonds backing its €3.6bn acquisition of World Duty Free after the Easter weekend.
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French automotive equipment supplier Faurecia on Tuesday printed a €200m tap of its €500 3.125% senior unsecured bond, then it returned to the high yield market for €100m more.