RBC Capital Markets
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L-Bank shattered its sterling size record on Wednesday, exceeding the expectations of even its leads with a £500m five year deal. -
International Finance Corporation is set to launch a new 10 year Kangaroo bond.
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The dollar market was on spectacular form on Wednesday, with a Canadian province pushing out a rare 10 year bond, a supranational smashing its size record and a $4bn five year from a German agency.
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Public sector borrowers are lining up a three pronged attack on Wednesday in a dollar market that is enjoying its widest swap spreads of the year. Quebec is attempting the first 10 year dollar benchmark since the first week of the year, KfW is out in fives — a part of the curve that has also become attractive in euros — and the Inter-American Development Bank is coming at the short end.
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Swedish Export Credit Corporation (SEK) has returned to sterling for a tap of a December 2020 line, as investors’ confidence in the currency grows.
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Arvos, the industrial equipment firm, has a bank meeting scheduled for Friday in London for a €130m incremental term loan as it looks to repay its existing second lien facility.
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K+S, the German potash processor and mining group, launched on Thursday its first bond since losing its investment grade ratings.
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Hyundai Capital America seized on Asian investor liquidity to close a $1.1bn deal across three tranches, including a floating rate note, on Wednesday.
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MUFG has hired a senior leveraged finance banker from RBC Capital Markets to head financial sponsors within its leveraged finance team in EMEA.
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Japanese investors on the hunt for European SSA credit drove a flurry of long dated Australian dollar deals on Wednesday.
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The public sector bond market has safely passed a week full of risk events, with each delivering the anticipated result. That makes it likely borrowers will further enjoy what have been stellar conditions in euros, dollars and sterling.
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