News content
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Air France KLM, the unrated Franco-Dutch airline, spiced up the corporate hybrid market this week, offering investors something they hadn’t seen before, writes Richard Metcalf.
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Greece’s euro-denominated future hangs in the balance. Greater integration and less sovereignty is needed to save the European project, but the ideological gap between Greece and Germany shows it will be nearly impossible to achieve.
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German online directories and listings company Scout24 set out price guidance on a €400m add-on loan on Tuesday, pushing leverage up after a stellar year’s performance.
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Trainline.com — Danube Foods — Azerbaijani Banks — Foncia — GCP Infrastructure Investments — Gategroup — Haversham
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Apax-owned Top Right, the UK information and events group, has launched a £435m-equivalent refinancing loan that will be denominated in dollars and euros.
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UBS made an eye-catching swoop on the dollar market, but a flurry of issuance by European FIG borrowers failed to rescue a lacklustre first quarter.
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Spain this week ended a run since the beginning of the year of eurozone periphery countries raising books of over €10bn — but sovereign debt bankers were reluctant to call time on the strong bid for the issuers.
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HSBC's additional tier one bond, sold this week, included a feature that helps insulate issuers from secondary market volatility, and which bankers say is destined to become broadly used in the asset class, writes Graham Bippart.
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Jordanian pharma company Hikma Pharmaceuticals is meeting — the first senior unsecured bond from Jordan since 2010.
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A €275m loan backing the sale of E.ON's Spanish and Portuguese assets is still in the leveraged finance market, after passing an initial March 20 deadline for commitments without the book being closed.
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Agence France Locale scored a strong success with its debut bond this week, as investors lapped up a rare opportunity to buy core eurozone paper with a healthy spread.
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KfW has taken a further step toward diversifying the green asset class by printing the largest ever Australian dollar green bond. But on the eve of new green bond guidelines being published on Friday, supply is still lacking, according to specialists.