Société Générale
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Wells Fargo gathered strong interest for a 10 year euro benchmark on Wednesday, investors were attracted to the deal by a healthy outright yield. Santander Consumer Bank decided to hit the other end of the curve, selling two year debt.
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Two corporate bonds were issued in Europe today, and, unusually, both were 12 year euro bonds from single-A rated issuers. Both were also priced at 72bp over mid-swaps. -
French insurer CNP Assurances highlighted the scale of demand for sub debt from insurance companies on Tuesday, drawing a monster order book for its first deal in almost a year.
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Société Générale has appointed a new head of shipping and asset-based finance for Asia, a move that could come alongside the expansion of a business it had reduced in scale in recent years.
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Adif Alta Velocidad, the state-owned company that owns Spain’s high speed rail network, issued its first bond on Tuesday. Despite difficult market conditions, it raised €1bn of 10 year money – just as Carlsberg Breweries did on the same day.
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Vitol’s self-arranged $2.05bn loan to fund the acquisition of Royal Dutch Shell’s Australian business has wrapped up with commitments from 18 lenders.
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Caterpillar, the US maker of mining and earthmoving machinery, made one of its regular visits to the euro market on Monday with a long three year FRN via Royal Bank of Scotland and Société Générale.
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Commerzbank’s Andrew Nicola was exhausted on Thursday morning, but not because he was hungover from the GlobalCapital Awards — unlike several members of the MTN world. No, it was because he and his wife have an interesting way of preparing for a new child: home improvement.
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Profit taking has taken a toll on the periphery this week, but even as Italy’s government bonds continued to take a beating on Wednesday and the market for subordinated FIG debt softened, Italian insurer Poste Vita took to the market with a tier two capital transaction at a level that showed investors are still receptive to new deals.
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Profit taking has taken a toll on the periphery this week, but even as Italy’s government bonds continued to take a beating on Wednesday and the market for subordinated FIG debt softened, Italian insurer Poste Vita took to the market with a tier two capital transaction at a level that showed investors are still receptive to new deals.
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Equities and credit indices had a so-so day today, but that did not stop three companies punching out deals in the European market, using three of the formats that have recently been popular.
