RBC Capital Markets
-
SSA issuers are tipped to begin bringing socially responsible bonds to Australian dollars in greater volumes in the near future, with the World Bank unveiling the first ever green Kangaroo bond on Wednesday — highlighting a new range of investors in Australian dollar bonds.
-
The head of fixed income syndicate for the Americas at UBS has left the bank to join a Canadian rival.
-
US investors’ appetite for bond issues remained sharp this week, while issuance dipped, as they grabbed opportunities to participate in deals from less frequent issuers like MidAmerican Energy and Interpublic Group and gobbled up extra spread.
-
Volkswagen Financial Services jumped into the euro bond market on Tuesday for a big deal, raising €1.5bn in a sale that demonstrated its pragmatic approach to pricing and the stability of demand for Volkswagen’s paper.
-
The European Investment Bank sold the first sterling green bond from a public sector issuer on Wednesday. The deal's strong reception should encourage other issuers to look to print green bonds in the currency, said SSA bankers.
-
Volkswagen Financial Services jumped into the euro bond market on Tuesday for a big deal, raising €1.5bn in a sale that demonstrated its pragmatic approach to pricing and the stability of demand for Volkswagen’s paper.
-
Peruvian real estate company Portales and Brazilian meatpacker Minerva announced roadshows at the end of last week as LatAm continues to enjoy strong borrowing conditions despite a more hawkish US Federal Reserve. -
Investors should expect a rush of aggressively priced deals from SSA issuers in the coming weeks, according to syndicate bankers. Borrowers emboldened by a strong new issue market are considered likely to throw caution to the wind and turn their eye to securing very attractive levels in lieu of large sizes.
-
-
Australia’s Perth Airport has abandoned its attempt to issue its first sterling bond, after investors demanded more spread for its sub-benchmark size than the company was willing to pay.
-
National Australia Bank is out with a five year floating rate senior deal, following on recently rediscovered demand for such paper last week, when a handful of deals were successfully placed either privately or on the public market with investors.
-
IT outsourcing business iGate is seeking to raise $325m of senior unsecured notes. The deal is being run from the US but is also being marketed to European investors.
