Spain
-
BBVA was offering a healthy new issue premium to get the ball rolling on its latest sale of additional tier one capital, but the Spanish issuer was able to swing pricing tighter after investors shrugged off its Turkish exposures and flocked into the order book. -
The flotation of Cepsa, the Spanish multinational oil and gas firm owned by Abu Dhabi-based Mubadala Investment Company, was finally launched on Monday after months of pre-marketing and is set to be one of the largest listings of the year.
-
Abanca, a small Spanish bank based in Galicia, is looking to sell its first additional tier one bond in the wake of a very successful print from its domestic peer Bankia.
-
-
Bankia, the Spanish lender, reopened the additional tier one market for Southern European names this week, but not every trade out of the region may enjoy such a warm reception.
-
Bankia, the Spanish lender, reopened the additional tier one market for Southern European names this week, but not every trade out of the region may enjoy such a warm reception.
-
Spain reopened the post-summer peripheral sovereign market in style, achieving its largest order book for an inflation linked bond since its inaugural trade in the format in 2014.
-
The deal flow of high yield bonds kept rising in euros and sterling this week. Four new issuers joined the already heavy pipeline, including a euro bond from UK premium car manufacturer Jaguar Land Rover.
-
Public sector euro benchmark supply is set to restart after a lull last week, with a eurozone sovereign and a French agency hitting screens on Monday for pricing on Tuesday.
-
Catalonia cancelled its ratings contract with S&P Global last Friday to save costs, according to an official at its Treasury. But the source added that rating agency reports “don’t show the actual picture of Catalan finances” due to Spanish central government control.
-
Investors were queuing up to buy Bankia’s latest additional tier one transaction on Monday, as the Spanish bank reopened the subordinated bond market for Southern European borrowers.
-
Amadeus, the Spanish IT company that provides systems for the air travel industry, sold its fourth deal in as many consecutive years on Thursday. The new deal was its first multi-tranche offering and the eight year tranche was the longest the company had offered to date.
