Société Générale
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Ecofin, the investment manager that specialises in the infrastructure and environment sectors, launched an accelerated bookbuild on Wednesday evening to clean up all its shares in Direct Energie, the Paris-listed electricity company.
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The EM bond market has churned out deals this week despite US Federal Open Markets Committee meeting and fears of the UK leaving the EU disrupting sentiment.
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La Française de l’Energie, the French gas producer, had a bumpy ride on its first day of trading on Monday, closing 4.5% lower at €25.80, after its €37.5m IPO was priced on Friday.
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Islamic Corporation for Development (ICD) is planning a $250m private placement (PP) in July which will bring it close to its full funding requirement for the year. -
French glass packaging maker Verallia plans to sell the second largest single-B rated tranche of the year on Monday, after a pumping week of high yield issuance.
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French retailer Fnac is assigning allocations to the 17 banks that joined its €1.35bn loan in syndication, with another lender added to the deal this week.
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The response to some of this week’s dollar deals has got some bankers believing that next week’s US Federal Reserve meeting might not prove to be the market shutting millstone that it had promised to be just a few weeks ago.
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The European Central Bank's asset purchase programme allowed some issuers to grab cheap funding this week but uncertainty surrounding the freshly launched corporate programme was less helpful for one French issuer.
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Île-de-France was able to tighten pricing on a green bond by 5bp from initial thoughts while still overshooting its target size this week. Bankers away from the deal said it was more a sign of the maturity of the green bond market than about any one issuer or bond.
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Kommunalbanken on Thursday sold its largest floating rate note ever — and the largest floater from an SSA since early March — as bankers away from the trade said the “stars aligned” for the issuer.
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After a stellar book for Novolipetsk Steel's (NLMK) new issue on Wednesday, trades from Sovcomflot and Evraz on Thursday morning will test the true level of investor appetite for Russian corporate debt.
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Ghana Cocoa Board (Cocobod) has completed senior syndication of its $1.8bn trade finance loan and will pay a few basis points more than last year’s deal to reflect harsher market conditions.
