RBC Capital Markets
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Nestlé made a grab for sterling on Tuesday, issuing a five year benchmark bond in the currency that brought in orders from outside the UK. -
Entertainment One, the UK media company, plans to sell its first bond, £285m of secured notes, after a five day roadshow that ends on Friday.
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Deutsche Bank’s Spanish subsidiary issued its first publicly placed Cédulas Hipotecarias on Tuesday, setting a strong foundation for a further €3bn that it hopes to sell.
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Six borrowers raised nearly €5bn in the covered bond market this week, once again surpassing supply expectations. The star attraction, notable for both its size and tenor, was a €1.5bn three year from the Norwegian issuer, Sparebank 1 Boligkreditt.
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The Canadian lender is using its balance sheet muscle and hiring to build a broad-based corporate finance offering in Europe, writes David Rothnie.
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African Development Bank brought the solitary dollar benchmark of the SSA market this week, opting for a two year deal — which may become a sweet spot as the US Federal Reserve turns hawkish.
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Western Power Distribution, the UK electricity distribution network operator, kept the sterling corporate bond market’s run of form going on Wednesday with a £500m eight year issue.
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Western Power Distribution, the UK electricity distribution network operator, kept the sterling corporate bond market’s run of form going on Wednesday with a £500m eight year issue.
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Teva, the Israeli pharmaceutical company, will hold a meeting with banks on Wednesday for the syndication of $33.75bn of loans it is using to buy generic drug business Allergan Generics.
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Royal Bank of Canada launched a €1bn three year floater on Tuesday, adding a euro trade to its recent activity in dollars and sterling before it enters a blackout period in November.
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Banks are grasping at private opportunities throughout their capital curves in search of a safe and affordable source of funding, as a volatile public market proves too rich for bank treasurers' blood and funding costs. Jonathan Breen reports.
