Société Générale
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Nexans, the French cable manufacturer, said on Wednesday it wanted to issue €250m of high yield notes to refinance €212.6m of convertible bonds maturing on January 1 next year.
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Dongfeng Peugeot Citroën Auto Finance Co is looking for an Rmb800m ($129.5m) loan onshore. The financing, which is currently in general syndication, has two foreign banks at the top. -
The public sector borrower market is enjoying stability after weeks of turbulence, with a pair of issuers trebling the number of euro benchmarks so far this month.
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Société Générale joined a select club of non-Chinese banks to sell a Basel III bond in offshore renminbi (CNH) on May 26. The French lender achieved both its cost saving and diversification goals with the 10 year non-call five tier two bond.
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La Poste, France’s state postal service, returned to the bond market on Tuesday with its first benchmark issue since 2012. The bond was priced tightly to its curve but the book size was not disclosed.
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The European Financial Stability Facility has opted for a defensive maturity with a deal that should complete its funding for the second quarter of 2015.
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Europcar, the French car rental company which last week filed for an IPO, began a three day roadshow on Tuesday for a €475m high yield bond issue.
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South Korea’s Nonghyup Bank has mandated four banks to work on its upcoming international bond offering, which could come in the second week of June.
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Société Générale hopes to save funding cost by turning to the offshore renminbi (CNH) bond market to shore up its Basel III tier two capital adequacy ratio, opening books for a 10 year non call five year trade on May 26.
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Rexel, the French maker and distributor of electrical supplies, priced a €500m high yield bond tightly on Wednesday.
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US investors showed few signs of fatigue as they continued to pour cash into corporate high grade debt amid an unrelenting pipeline of dollar issuance this week.
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Electricity Supply Board (ESB), Ireland’s state electricity company, pulled together a hefty order book for a 12 year bond on Thursday — bucking a trend of long dated deals proving tricky.
