RBC Capital Markets
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KfW drew strong central bank interest for a sterling tap on Tuesday, becoming the first SSA to print in the currency since last week’s UK general election. -
Swedbank returned to covered bonds on Wednesday for its third funding exercise of the year, deciding to launch in Reg S format for its first dollar benchmark of the year instead of using its 144A programme. The decision came as the euro rates markets suffered a further bout of intraday volatility following last week’s instability.
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Dufry – HES Beheer – BCA Marketplace – Club Med – Grupa Azoty – International Bank of Azerbaijan – Kungsleden – UBM Group – Oriflame
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HES Beheer, the Dutch ports logistics company, is closing books on its €100m add-on loan on Thursday, with the original issue discount still undecided.
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FMS Wertmanagement surprised dealers on Wednesday by mandating for its first Kangaroo bond in more than three years.
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RBC Capital Markets has added to its credit sales effort in Frankfurt with a senior hire.
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A first three year dollar benchmark from World Bank in several years won universal acclaim this week. But, more importantly, it showed the potential of a new bid from the US.
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European Investment Bank’s first five year Kangaroo deal for more than a year attracted strong interest from Asian investors this week.
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A pair of issuers were able to access sterling in size this week as European investors increasingly seek to buy in the currency.
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Nationwide Building Society and ASB Bank tapped the senior unsecured sterling market this week, bringing what are likely to be among the last trades in the currency before a break before the UK general election.
