Santander
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Glencore Xstrata issued a €1.1bn seven and 12 year euro bond on Tuesday, as so many industrial blue chips have done in recent weeks, but unlike most of the other deals, it was no blowout. Unlike those deals, Glencore's seven year tranche was better bid than the 12 year.
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Banco Santander Totta this week returned to the covered bond market after a four year absence, choosing a three year maturity and a spread that ensured it was an easy choice for risk-averse and yield-hungry investors alike. The €1bn deal is likely to replace central bank funding.
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Syngenta, the Swiss agricultural chemicals group, enjoyed keen demand for a rare bond issue on Monday, thanks to its strong ratings and scarcity as a borrower.
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Anheuser-Busch InBev, the Belgian-US brewing company, today joined the spate of large companies issuing multi-tranche deals into the present super-hot euro corporate bond market. Its deal was marked by two current trends: the popularity of floating rate notes and of 12 year bonds. -
Glencore Xstrata launched a dual tranche seven and 12 year euro bond today, as so many industrial blue chips have done in recent weeks.
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Syngenta, the Swiss agricultural chemicals group, enjoyed the keen demand for a rare bond issue on Monday, thanks to its strong ratings and scarcity as a borrower.
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Telefónica returned to the hybrid capital market on Monday, six months after its €1.75bn transaction in September, to sell another deal of the same size.
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Grupo Aldesa, a Spanish civil engineering and construction company, wants to sell a €250m debut bond to repay debt.
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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.
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Banco do Brasil brought its debut euro transaction up to €1bn with a well-timed €300m tap this week as the issuer took advantage of a rally in Brazilian paper as accounts dumped Russian risk. And a chunky new issue concession ensured a strong secondary performance, even as comments about quantitative easing and interest rates from the US Federal Reserve put pressure on markets.
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Abengoa, the Spanish engineering and renewable power group, wants to issue €400m of seven year senior notes on Friday to prefund a 2015 bond maturity.
