UniCredit
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UniCredit was largely absent from the euro senior market last year, but, having successfully priced a new seven year last Friday, the bank’s head of group finance expects a busier year in 2016. -
The unusual financing structure that China National Chemical Corp (ChemChina) is using for its $43bn acquisition of Syngenta drew a varied response from banks in Europe this week. Some saw the non-recourse structure for $20bn of the debt as shielding lenders from exposure to ChemChina, while others did not.
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Bankers and investors are preparing for a busy week ahead as four CEEMEA borrowers announced mandates and roadshows this week.
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Two Turkish bond deals this week were seen as a welcome treat for investors starved of recent supply from the country, and more is still in the pipeline.
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Porsche AG has grown its Schuldschein from the launch size of €200m to €1.1bn, in another big deal for the private debt market.
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Konecta, the Spanish call centre operator, has closed its €195m acquisition debt in a club deal with four banks.
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ThyssenKrupp, the German industrial group, joined the surge of corporate bond issuance on Tuesday as the fallen angel company raised €750m.
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Banca Popolare di Vicenza has filed a request for admission of its shares on Borsa Italiana, ahead of a shareholder vote to approve the bank’s IPO and capital increase.
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A €1.6bn loan for the Czech Republic’s Energetický a Průmyslový Holding (EPH) was so popular that it received enough commitments to close after early bird funding, according to a banker close to the deal.
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IBM wasted little time after its $5bn five tranche trip to the dollar market a fortnight ago, moving to tap the euro market for a €2.25bn triple trancher this week.
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UniCredit was largely absent from the euro senior market last year, but, having successfully priced a new seven year last Friday, the bank’s head of group finance expects a busier year in 2016.
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UniCredit launched its first public senior unsecured bond in over a year on Friday, drawing strong demand and giving the FIG market a confidence boost.
