Santander
-
Klabin, the Brazilian pulp and paper company, returned to bond markets on Wednesday, taking advantage of a flattening yield curve to issue its first long bond, despite a bad day for Brazilian assets. -
Recent supply of additional tier one capital bonds has confirmed to investors that reset spreads are not the only game in town for banks, when it comes to deciding whether to leave an instrument outstanding beyond a call date.
-
-
Prisa, the Spanish media conglomerate that owns El País, has agreed to acquire full control of educational publisher Santillana and will finance the deal with a €200m rights offer.
-
The European corporate bond market’s charmed life continued on Tuesday, as if the intensifying crisis of Brexit was just a dream. Two triple-B issuers and one single-A all found the same deep demand that has greeted every deal for the past few weeks.
-
Bankers away from Andalusia’s 10 year euro benchmark are heaping praise on the trade, which was priced on Tuesday.
-
Triple B-rated Cassa Depositi e Prestiti (CDP) and Andalucia hit screens on Monday, with SSA bankers convinced the deals are indicative of the smaller types of trades expected in the week ahead.
-
Solar energy generator Sonnedix has signed a €250m bank facility, as it looks to snap up new projects in OECD countries.
-
The extraordinary conditions in Europe’s investment grade corporate bond market, in which three issuers in succession had printed multi-tranche bonds this week with no new issue premiums, produced a new bizarre result on Wednesday when Sanofi, one of the market’s tightest-trading issuers, took its turn.
-
Cemex is back in the bond market after a year and a half’s absence, opening books on a senior secured bond in euros.
-
Heathrow, Europe’s busiest airport, may be facing what could be one of the biggest disruptions in its history, in the shape of Brexit, but its approach to the bond market on Tuesday was smooth. Having roadshowed last week, it glided in on the wave of credit demand and landed this year’s fourth corporate 15 year issue in euros.
-
