Pre-migration untagged articles

Barclays Capital has sold a pair of African currency synthetic notes for the European Investment Bank and the World Bank, taking advantage of sporadic but increased demand for ever more exotic currencies.

Danske Bank priced the longest dated covered bond benchmark in euros from a Nordic region issuer on Wednesday, a Eu1.25bn 10 year issue. It found strong demand for the deal in a market where issuance has been concentrated further down the curve.

EFG Eurobank Ergasias is setting up a covered bond programme from which it hopes to be able to launch an inaugural issue in February 2010.

Dealers of private EMTNs: Non-syndicated deals for less than $250m excluding financial repackaged SPVs, GSE issuers, self-led deals and issues with a term of less than 365 days.

BATS Global Markets, the independent platform that has carved out a 12% market share of US equity trading, has applied to the Securities and Exchange Commission for regulatory authorisation to launch a US equity options exchange early next year.

Westdeutsche Immobilienbank on Monday launched its second Eu500m three and a half year mortgage Pfandbrief issue this year ahead of the redemption next Monday (November 23) of its only outstanding jumbo Pfandbrief.

Nestlé Holdings sold a A$350m four year Eurobond on Thursday, in what was a busy week for Australian dollar Eurobonds.

The Province of Quebec this week became the second Canadian province to come to the Swiss franc market this month, issuing Sfr200m of 12 year bonds on Wednesday.

Borrowers from an increasingly wide range of sectors are this week finding traction for their deals as bond market confidence grows. A £300m 11 year for Segro on Tuesday was the first UK property firm transaction since July 2006. It followed Friday’s £250m seven year deal from United Business Media. To find out how these deals fared, and to see which sectors could come next, read EuroWeek this Friday.

The State of Qatar has sold $7bn in a triple tranche five, 10 and 30 year issue, one of the largest transactions ever from an emerging market issuer. So what does this mean for future issuance volumes and tenors from the Gulf? Read more in EuroWeek on Friday.

African Development Bank and KfW have issued two year dollar bonds at impressive prices this week. They issued $1bn apiece, priced 5bp to 6bp through their secondary curves, as investors seek current coupon bonds at the short end of the curve. Now Cades is in the market with a three year to be priced at plus 2bp, again around 5bp through secondaries. At the other end of the maturity spectrum, European Investment Bank has issued a $1bn seven year at mid-swaps plus 12.5bp, which EuroWeek understands was not fully subscribed. For further analysis, read EuroWeek on Friday

Unitymedia priced a Eu2.66bn high yield bond at guidance on Tuesday, after increasing the deal by Eu160m amid strong demand. The deal, backing Liberty Global’s buy-out of the company, underlines the extent to which bonds are replacing bank debt for non-investment grade companies. Read more in EuroWeek on Friday.