Société Générale
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Michelin, the French tyre maker, crowned an interesting first week of the year for Europe's equity-linked bond market on Friday with a $600m equity-neutral convertible bond due in 2023. -
The European high yield bond market may have endured a year of multi-billion outflows from retail funds but investors and bankers on the first business week of 2018 are predicting a busy first quarter of supply will be met with sufficient demand.
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Emerging market borrowers will front-load their funding tasks in 2018, according to several EM bankers who are predicting a busy month.
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Reliance Industries has allocated its $2.49bn multi-tranche fundraising among 31 banks, with plans to transfer in the new lenders before the end of the year, said bankers close to the trade.
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Société Générale has set a goal of raising €100bn of financing for clean energy transition between 2016 and 2020.
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Chinese local government financing vehicles Huzhou City Investment Development Group Co and Urumqi Gaoxin Investment and Development Group Co brought home a combined $500m on Wednesday as issuers seal last-minute deals before the end of the year.
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Société Générale has arranged a €142.6m green loan for Brittany Ferries, to finance the company’s first ferry powered by liquefied natural gas.
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Chinese local government financing vehicles (LGFV) Huzhou City Investment Development Group Co and Urumqi Gaoxin Investment and Development Group Co hit the market with dollar deals on Wednesday.
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Société Générale has set a goal of raising €100bn in financing for the clean energy transition between 2016 and 2020, ahead of the final report from the European Commission’s high-level expert group (HLEG) on sustainable finance.
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Deutsche Post DHL Group secured excellent terms on Wednesday when it issued a €1bn convertible bond at a negative yield, despite investors having been distracted by a collapse in the share and bond prices of equity-linked regular Steinhoff International on the same day.
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Ardian and Clayton, Dubilier & Rice sold their remaining stakes in Spie, the French engineering company, on Monday night via an auctioned block trade that was priced at a tight discount to the close.
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EN+ Group, the Russian power and metals company controlled by Oleg Deripaska, rose more than 2% in Moscow trading on Monday morning after posting its first results since its $1.5bn IPO in early November.
