Santander
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Madrid has raised 15 year cash with its second bond in as many weeks — and the borrower’s sovereign could break its yield record at a similar tenor on Thursday. -
Edenred, the French prepayment services company, issued a €500m 10 year bond on Tuesday to fund its €150m acquisition of 34% of Germany’s Union Tank Eckstein, and to refinance debt.
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Campofrio Food Group, the Spanish meat processor, has brought back to the market a €500m high yield bond it pulled in November.
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A new issue premium of around 20bp looked hefty for investment grade sovereign borrower Uruguay this week.
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Spain brought a record breaking 15 year benchmark this week that may have helped drive other eurozone sovereign yields to all-time lows.
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Mexico has released price guidance for a €2bn dual tranche note with the deal over two and a half times subscribed.
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Spain scored its lowest coupon and biggest deal in the 15 year part of the curve on Wednesday, as eurozone periphery sovereigns enjoyed enviable conditions.
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A European sovereign mandated banks on Tuesday to sell a long dated euro bond, the first benchmark in the currency so far this week.
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Eiffage, the French construction company, has refinanced €3.3bn of loans, reducing the margins by two thirds compared with what it used to pay - even though revenues are under pressure from a state toll renegotiation.
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Uruguay’s timing to bring a deal after a rally in its bonds on Monday allowed it to chose size over price on its return to international debt markets.
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Hoffmann-La Roche, the Swiss pharmaceutical and medical diagnostics group, on Wednesday launched its first public euro bond since 2012, and achieved remarkably tight pricing.
