Société Générale
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French media group Vivendi braved the euro bond market on Thursday as the sole corporate to issue a primary deal, as wary investors held firm on their demand for high concessions. -
Groupe SEB, the French maker of household appliances, issued its first convertible bond on Tuesday, raising €150m at a negative yield, as part of the financing for an acquisition.
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As expected, the loans for the leveraged buyout of Polish auction website Allegro are tightly priced, with tenors of six and seven years for less than 400bp.
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Potential lenders to the Z4.8bn loan for the leveraged buyout of Polish firm Allegro will meet in Warsaw on Thursday where the deal will be launched into general syndication.
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Ceská telekomunikacní infrastruktura (CETIN) added to the trickle of EM bonds expected before year end on Monday and met investors this week for a euro denominated bond. The BBB rated issuer is hoping to benefit from demand from both EM and high grade corporate accounts.
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French banks could be free to issue tier three capital this month, as a new law establishing terms and conditions for the new asset class enters the final phase of the country’s legislative process.
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The European subsidiary of US commodity trader Louis Dreyfus is refinancing a $800m dual tranche credit facility after increasing its Asian credit facility earlier in the year.
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Donald Trump’s shock US election victory in the early hours of Wednesday caused a shockwave to course through derivative markets overnight. But by midday in London traders said the overall reaction was much more orderly than in the aftermath of the UK vote in June to leave the European Union - and by close of business some markets had made full scale retrenchment.
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The head of loan syndication and sales for Asia Pacific at Société Générale will become its global head of loan syndicate, assuming some of the responsibilities of the outgoing deputy head of global syndicate in the process.
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A day of calm in European markets opened a window for primary issuance on Monday that French property investment company Icade seized, one day before the US presidential elections.
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Syndication for the refinancing of $1.235bn of loans for commodity trader Gunvor has closed, with lenders making “significantly oversubscribed” commitments, while competitor Trafigura faces a €2bn maturity this month.
