Société Générale
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The initial public offering of Spanish diet products retailer Naturhouse has garnered sufficient demand from investors to go ahead, but will likely be priced near the bottom of the range. -
Gas Natural opted for a drive-by execution for its second hybrid bond, a €500m perpetual non-call nine year, and won a €1.1bn book on Tuesday.
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Naturhouse’s initial public offering was not yet covered this morning, a day before the close of bookbuild, but a lead banker told GlobalCapital the deal would no doubt gather the support it needed to go ahead.
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Brisa Concessão Rodoviária (BCR), the largest motorway concessionaire in Portugal, has issued its first bond since Moody’s restored its investment grade rating late last year.
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Investors trading euro/dollar and cable options do not appear concerned about Greece’s potential eurozone exit or medium term effects of UK elections, according to strategists.
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South Korea’s Nonghyup Bank has selected four banks ahead of $300m Reg S outing in the first half of 2015. The Korean lender is looking to ride the recent bullish tide for Korean financial bonds and is willing to increase the size if demand is strong enough.
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Indonesia Eximbank has received commitments from 17 banks for its $750m dual trancher. A whopping 30 more lenders have expressed an interest in the loan, said a banker on the trade.
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The European high yield market this week was in ebullient mood as borrowers left behind the Easter holidays and brought a wide variety of deals to market.
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Some senior unsecured FIG borrowers in euros were met with a less than stellar response from investors this week.
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Achmea Bank struggled to drum up interest for a euro print on Thursday, with syndicate bankers away from the deal blaming a limited premium and fears over Greece.
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Société Générale Prime Services — formerly Newedge — will clear credit derivative transactions through ICE Clear Credit and ICE Clear Europe following its regulatory approval.
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Abengoa, the Spanish engineering and renewable energy firm, on Thursday ticked the savings box with €375m of senior unsecured notes that achieved final terms below the 8.5% 2016 bond they are set to repay.
