Société Générale
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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. -
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.
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Amundi Asset Management is preparing to buy Italian and Spanish corporate MTNs, a spate of which it expects to be issued in the coming months.
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Ingenico had never issued a bond before this week, but its name is becoming ubiquitous as a maker of card payment devices in shops. That recognition helped it make a successful bond debut on Tuesday, raising €450m at a spread comparable with peers’ secondary levels – without the concession that an unrated debut borrower would usually pay in a less bullish market.
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Société Générale’s MTN desk is eagerly prepping its upcoming social calendar. But one of the highlights, next week’s GlobalCapital Bond Awards, is causing tension between them and the SSA desk. The source of the squabble? Socks.
