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  • Rating: A2/A-/A
  • High volumes, tight spreads and positive sentiment made this week one of the best the bond markets have had this year as fixed income investors were finally granted the pool of quality issuance they had been demanding.
  • It was a bumper week for bond issuance, especially in the euro denominated market. Swap spreads were compressed even further and in the dollar market the yield curve flattened drastically.
  • Nordea is said by bankers to have scooped the mandate to arrange the debt backing EQT's buy-out of cable TV operator Com Hem from TeliaSonera for Eu235m.
  • The $800m three year syndicated LC facility for reinsurance group Converium is well oversubscribed and more banks are still to respond.
  • Mizuho Corporate Bank has been awarded two separate mandates, a $40m five year term loan for Evergreen Marine and a $30m five year term loan for Green Compass, a subsidiary of Evergreen Marine.
  • Market research group Taylor Nelson Sofres raised £51m on Wednesday to help finance its $425m acquisition of US rival NFO WorldGroup.
  • Taylor Nelson Sofres plc has mandated Barclays Capital, Lloyds TSB, Royal Bank of Scotland and SG to arrange a £490m acquisition financing.
  • High volumes, tight spreads and positive sentiment made this week one of the best the bond markets have had this year as fixed income investors were finally granted the pool of quality issuance they had been demanding.
  • Rating: Aa3/AAA