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GC Asia
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Rare sterling supply as Together preps HY refi
Together Money is preparing to refinance its 2021 high yield bond with a new £385m senior secured issue, the first sterling deal of the year. The storming performance of the euro and dollar markets have meant that, despite the increased post-election appetite for the UK currency, it simply cannot compete on pricing for many issuers.
05.00 PM -
BW Energy valued at up to $750m
BW Offshore, the Norwegian operator of floating oil storage vessels, has fixed a price range for the Nkr1.659bn ($187m) listing of its exploration and production unit BW Energy on the Oslo Børs.
05.00 PM -
Record demand for Austria's 10 year
Austria's new benchmark was over 10 times covered on Wednedsay, making the sovereign the latest in a string of its peers to receive a record order book for a syndicated bond this year.
04.45 PM -
Investors angling for Sonia Gilts
The minutes of the latest UK Debt Management Office consultation meeting indicated that some investors would like to see the Gilts that pay a coupon linked to Sonia.
04.15 PM -
Isabel Marant debuts in HY bond market with €200m dividend deal
The French luxury goods maker defies coronavirus fears with a €200m debut bond that will line the pockets of the PE sponsor Montefiore Investment and the founders. The gutsy issue is solely arranged by JP Morgan, which looks to bag exceptionally high 4% fees from the deal.
04.15 PM -
Cerberus adds Citi to Towd Point JLM list, boosts size of senior tranche
Cerberus has added Citi to its standard syndicate of Bank of America and Morgan Stanley for its latest Towd Point RMBS, which refinances part of the buy-to-let mortgage portfolio it acquired when it bought Capital Home Loans. The new deal is a far more efficient capital structure than the deal it replaces, thanks in part to changes in the rating agency line-up.
04.00 PM -
SG crowns new head of CEEMEA DCM as Camilli moves on
Société Générale has appointed a new head of debt capital markets for central and eastern Europe, the Middle East and Africa, to replace Cécile Camilli.
04.00 PM -
Acea prods euro curve out by a year as €500m bond flies
Acea, the Italian multi-utility, issued a long nine year euro bond on Wednesday, stretching out its curve by around a year.
04.00 PM -
Stolt-Nielsen, Eidsiva line up Nokkie bonds
The Norwegian krone bond market is about to get a spurt of corporate deals. Liquid chemical storage company Stolt-Nielsen and energy group Eidsiva Energi have mandated banks to lead bond issues in their domestic currency.
03.45 PM -
Calisen covered as investor meetings pay off
The IPO of Calisen, the UK manufacturer of smart energy meters, was covered on its full size on the first day of marketing. Banks on the deal were pleased with not just the speed of the book build but the quality of investors placing orders.
02.15 PM
