Société Générale
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The Asian arm of Mercuria Energy Group has launched its $1bn triple tranche revolving loan into general, with a consortium of 10 mandated lead arrangers and bookrunners. The loan features one tranche that has a swingline option and another that comes with a utilisation fee. -
Société Générale has hired Raj Malhotra to take charge of its debt capital market business in southeast Asia.
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Société Générale has made a trio of senior appointments to its Natural Resources & Energy Financing Group in Paris and Hong Kong.
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Pernod Ricard, the French distiller, issued its second European bond of the year on Wednesday, in a week already well populated with deals for drinks companies.
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Société Générale has hired Raj Malhotra to take charge of its debt capital market business in southeast Asia.
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Diageo, the UK alcoholic drinks group, was named by research firm CreditSights last week as one of the European consumer goods companies most exposed to risk from the Scottish independence referendum.
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Holding d’Infrastructures de Transport, the holding company of Société des Autoroutes du Nord-Est de la France, the French motorway operator, returned to the bond market after a two and a half year break on Wednesday for a €450m deal.
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Covered bond issuers priced 10 benchmark sized deals this week, raising €11bn on the back of an aggregate €26bn of demand. Average order book sizes were boosted after the European Central Bank announced last week its intention to proceed with a third covered bond purchase programme.
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The covered bond market for sterling FRNs picked up on Monday as Barclays priced the largest ever deal in the currency and Danske Bank priced a benchmark. The two borrowers follow Nordea Eiendomskreditt, which attracted robust demand last week.
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Aareal Bank capitalised on the momentum created by the two successful French deals issued through mid-swaps on Monday and Tuesday by bringing forward plans to issue a euro-denominated Pfandbrief. It opened books on a three year deal on Wednesday rather than waiting until next week.
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Europe’s corporate bond market delivered on bankers’ and investors’ hopes this week, as issuers belted out €13.2bn of deals, pushing this week — by a €20m margin — into the top 10 of the market’s busiest weeks ever.
