Top section
Top section
E.ON squeezes pricing on €1.6bn deal but pays in attrition
◆ German utility brings two tranches including green ◆ Orders prove more resilient in green tranche ◆ Both legs priced near fair value
◆ Hybrid books hold firm as senior sales shed ◆ Both tranches land far through fair value ◆ Telefónica achieves tight senior/sub spreads
Mediolanum commences smaller European banks' funding drive
◆ Italian lender becomes first lower tier bank issuer to price this year ◆ Deal launched into 'issuer's market' and benefits from tight price versus national champions ◆ Ayvens issues first green bond in its current form
Ile-de-France brushes off politics to price 10 year next to curve
◆ Issuer tests appetite with two stage tightening ◆ New issue concession estimated ◆ Buyers pile into Wallonia's shorter tranche
◆ Hybrid books hold firm as senior sales shed ◆ Both tranches land far through fair value ◆ Telefónica achieves tight senior/sub spreads
Sub-sections
-
Issuance 34% ahead of last year’s opening week -
New issue premiums were slim for the LatAm sovereign duo
-
Secondary market performance gave Austrian agency confidence to print
-
◆ Almost €6bn raised across seven tranches ◆ 12 years is the 'sweet spot' for supply ◆ Single digit concessions offered
-
◆ Deal is first from updated sustainability bond framework and follows social debut from 2025 ◆ Earlier return to euros than previous years ◆ Minimal concession paid
-
More convertibles expected after strong fund performance
-
Implementation necessary after wide-ranging changes last year
-
Bank's head of DCM and syndicate chief talk bond market expansion plans
-
Loans bankers wary of potential overbuilding amid Europe data centre growth
-
Scope of UK regulation set to be more restricted than EU equivalent
-
German government will spend €108bn on military next year
-
Taxonomy alignment and credible transition plans could be more important for issuers
-
Sustainable finance chief leaves Nomura for opportunity in fast-growing region enthusiastic to cut emissions
-
Country saw surge in syndicated lending volumes in 2025 and this year is expected to be just as strong
-
-
First exclusively Estonian securitization the European Investment Bank has supported
-
Debt financing to become more sophisticated as the race to build data centres across Europe heats up
-
JP Morgan sole bookrunner on first jumbo block in a month
-
A junior banker respects their MD, but cannot live with his disorganisation. Can things ever improve?
-
Solutions exist but political will is necessary
-
It will take years and huge amounts of money to get Venezuela in a state to restructure its debt
-
After discussions with US private placement holders, French food services company Sodexo has said it will repay roughly $1.6bn of debt early, in the largest ever early repayment of US PPs. It is a result of tensions that have flared up during the pandemic over covenant protections, which some fear will lead to a drop in corporate PP deal flow.
-
Poland has become the first CEEMEA country outside the eurozone to sell a bond with a negative yield since the onset of the coronavirus pandemic.
-
Banks backing Cinven, KKR and Providence’s take-private of MasMovil have boosted the size of the euro loan tranche in the market this week by €500m, cutting down the planned bond that will fund the remainder of the deal, the first major LBO announced in Europe since the coronavirus crisis.
-
Sponsored by Islamic Development Bank (IsDB)
Sukuk market’s next chapter: Financing the future, sustainably
-
-
Sponsored by CAF – Development Bank of Latin America and the Caribbean
CAF gearing up to transform regional development
-
Sponsored by Emirates NBD Capital
Emirates NBD Capital: An unrivalled conduit for Middle East liquidity
