Pre-migration untagged articles

Swedish truck company Scania had the European corporate bond market to itself with a Eu600m five year transaction this week as concerns about event risk continued to make investors nervous.

ST Microelectronics, the French-Italian semiconductor company, issued a $927.7m convertible bond this week but lead managers Merrill Lynch and UBS burnt their fingers when investors balked at the terms after semiconductor stocks slumped.

The Slovak Republic this week mandated BNP Paribas and Lehman Brothers to arrange its EuroMTN shelf and lead manage the inaugural benchmark issue from it.

Rising Treasury yields continued to create opportunities for sub-Libor borrowers to access the dollar market at competitive levels this week, with five years being the maturity of choice for the Nordic Investment Bank and Instituto de Crédito Oficial.

The sterling market was the centre of attention for European bank treasurers this week as Crédit Agricole followed ABN Amro Bank in seeking out the low yields available on bank capital issues.

The games continued on the tables for a third week in a row. In league table one, TD Securities and Goldman Sachs both leaped up four places each, to take 12th and 14th positions respectively.

Gazprombank signed its $1bn EuroCP programme in London last Thursday (February 9).

Wally Höfer-Neder is leaving Depfa to join Deutsche Bank as head of European covered bond origination.

Wally Höfer-Neder is leaving Depfa to join Deutsche Bank as head of European covered bond origination.