Société Générale
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Weener Plastik, the German plastic packaging systems provider, has allocated a €250m acquisition loan on the back of heavy oversubscription. -
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Covered bond new issue premiums fell this week as six issuers raised a collective €5.5bn in three currencies with total demand of almost €8bn.
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Bpifrance, the French public investment bank, on Wednesday evening sold an €800m block of Orange shares, in what was the largest and most aggressive accelerated bookbuild of the week so far.
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Singapore can finally lay claim to a covered bond market after its largest bank, DBS, this week printed the country’s first deal in the asset class. The build-up was hardly plain sailing, but that did not stop DBS executing a very successful trade that will serve as a benchmark for its peers, writes Rev Hui.
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It has been mooted for years but investors are finally getting their first taste of covered bonds out of Singapore with the Lion City’s largest bank DBS opening books to a dollar offering on July 29.
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Weener Plastik, the German plastic packaging systems provider, has allocated its €250m acquisition loan on the back of heavy oversubscription.
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Commodities trader Gunvor Singapore has exercised an accordion feature to increase the amount of its latest revolver to $1.0627bn, with seven lenders joining the 31-strong syndicate. This is the second increase by the company, which was initially seeking $550m and wound up the borrowing at $911.7m on the back of strong demand.
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The Republic of Indonesia printed its second ever bond in euros on July 23 as it continues to expand its funding sources in a bid to diversify away from dollars. While the sovereign made a conscious decision to pay up to achieve its aim, market participants are split whether the cost of diversification was worth it.
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Marketing began this week for leveraged loans of €725m backing the merger of French private healthcare groups Vedici and Vitalia.
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Beni Stabili, the Italian property company largely owned by Foncière des Régions, priced on Thursday a €200m convertible bond at a 0.875% coupon and 32.5% conversion premium.
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World Bank reopened the tricky 10 year part of the dollar curve this week, paving the way for further issuance at the long end by public sector borrowers.
