Pre-migration untagged articles

Hungarian oil and gas company Magyar Olaj- és Gázipari (Mol) kicked off a round of investor meetings in London on Monday this week to drum up interest ahead of its debut in the international bond markets through leads BNP Paribas and Dresdner Kleinwort Wasserstein.

MTN/CP Updates

Network Rail, the government agency that owns the UK's railway infrastructure, capitalised on continued strong demand for short-end dollars this week by issuing a $1.25bn three year Eurobond, its first in dollars since it became zero risk weighted.

The impending onslaught of Hurricane Rita on an already ravaged US Gulf Coast sent jitters through the US high grade corporate bond market yesterday (Thursday), but did little to dampen enthusiasm for new issues.

The impending onslaught of Hurricane Rita on an already ravaged US Gulf Coast sent jitters through the US high grade corporate bond market yesterday (Thursday), but did little to dampen enthusiasm for new issues.

Corporate bond issuance showed signs of picking up in Europe this week as issuers such as Unilever and Bertelsmann launched opportunistic transactions to take advantage of tight market

Investors rushed for the stock of Swiss logistics company Panalpina, which priced its IPO on Wednesday. But although the deal was 14 times covered and the stock was trading in the grey market above Sfr90, lead manager Credit Suisse First Boston priced the stock at just Sfr80, raising Sfr1.02bn (Eu656m).

Interest rate-linked deals continued to take the lion's share of business in the structured EuroMTN market this week, but bankers also reported good demand in the equity, commodity and inflation-linked markets.

Demand for defensive assets grew this week as Hurricane Rita hit a market already concerned about the Federal Reserve's continued hawkish stance and the rising oil price.

Demand for defensive assets grew this week as Hurricane Rita hit a market already concerned about the Federal Reserve's continued hawkish stance and the rising oil price.