Société Générale
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Borrowers in the public sector debt market are still enjoying the afterglow of Emmanuel Macron’s victory in the French election but, with Ascension Day sidelining much of Europe and a UK bank holiday Monday, the pace is expected to slacken. -
Public holidays will cut short the issuance window at the end of May, but banks have enjoyed a busy month and a flurry of deals have arrived in the market this week.
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Korea Gas Corporation is getting ready to gauge investor interest for a new dollar bond, and will kick off a roadshow in Europe in June.
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The Kingdom of Belgium hit the long end in euros on Tuesday, taking advantage of a healthy market to raise €3bn with a 20 year bond. Meanwhile, Nederlandse Waterschapsbank (NWB) announced a tap of a 2041 line.
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Santander effectively opened the Swiss market for senior non-preferred notes on Tuesday. The Spanish bank debut offer attracted Sfr400m ($411.4m) worth of interest –– encouraging for a market looking for future TLAC issuance.
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The Export-Import Bank of Korea (Kexim) offered European investors a rare euro deal from a Korean credit on Monday, securing a solid trade despite a tense political backdrop.
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African agriculture conglomerate Export Trading Group (ETG) has approached the loan market for a borrowing of up to $100m.
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International consumer finance company Home Credit Group is syndicating a slice of its €500m fundraising to Asian banks.
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The Export-Import Bank of Korea (Kexim) priced a five year euro benchmark on Monday, nipping in with a one day execution ahead of a trio of deals scheduled for Tuesday.
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The European Investment Bank is looking for seven year funds in Polish zloty curve in its latest move to build a benchmark curve in the currency.
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The European Financial Stability Facility blindsided investors this week, printing €6bn of 16 year paper despite having completed its second quarter funding requirements, stretching the tolerance of its €10.8bn book in the opinion of some onlookers.
