Spain
-
BBVA launched the first euro denominated AT1 transaction since February’s sell-off this week, pricing the bond through its outstanding notes’ yield to call and fuelling hopes the primary market is fully open once more. -
Portugal brought a dual tranche syndicated tap this week, in what some bankers felt was a disappointment amid a busy market where every other deal went well — but the leads were quick to defend the trade.
-
-
-
BBVA has launched the first euro denominated AT1 bond since February’s sell-off, pricing the bond through its outstanding notes' yield to call, and fueling hopes the primary market is fully open once more.
-
Instituto de Crédito Oficial printed a no-grow €500m September 2018 social bond on Tuesday, with bankers noting that the bond’s high yields might have been just as appealing as its high morals.
-
Parque Reunidos, the leisure parks operator, on Monday announced what it hopes will be the largest Spanish IPO for over a year, in a bid to reduce debt and begin to make an exit for private equity owner Arle Capital.
-
The Spanish engineering and green energy firm Abengoa is set to file for Chapter 11 bankruptcy for its US affiliates, after 75% of its lenders signed a standstill agreement.
-
One of Abengoa's subsidiaries has signed a liquidity facility with a group of investment funds.
-
Eurozone periphery sovereigns are stamping down their borrowing costs at auctions amid a wave of dovish central bank actions — but one sub-sovereign in the region stands alone in suffering a sharp rise in its yields.
-
Spain borrowed three year cash at a record low yield on Thursday, as eurozone government bonds basked in a second consecutive week of dovish central bank comments.
-
After disclosing on Wednesday details on its €9.3bn debt restructuring, the renewable energy multinational, Abengoa told GlobalCapital it may push to extend the length of its three month pre-insolvency proceedings.
