Icap, Praxair, Do & Co heat up corp market
Corporate bond issuance is set to get busier again in Europe next week, bankers say, with a drive-by deal also possible on Friday.
View ArticleHopes rise of Western corporate sukuk, banks wish for GE, Total
The likelihood of Western companies issuing sukuk this year is growing, say bankers, as Islamic investorsâ perceptions of Western issuers improves, more conventional asset managers allocate to sukuk,...
View ArticleDollar buyers hot for German paper
Demand for dollar deals from a pair of German issuers surpassed expectations this week, as Erste Abwicklungsanstalt followed a heavily oversubscribed print from KfW with its debut benchmark in the...
View ArticleEuropeâs modest HY returns could beat US
After two years of stellar returns, no one in European high yield expects as good a year in 2014. But although returns may be modest, specialists still think Europe could outperform the US.
View ArticleIntu taps Trafford Centre CMBS platform for another £110m
Intu Properties, the shopping centres group that grew out of Capital Shopping Centres, is planning to issue £110m of bonds secured by the Trafford Centre near Manchester.
View ArticleInvestors buy name not yield as BCP leads sub-IG week
Banco Comercial Portuguêsâ successful return to the euro senior unsecured market was driven more by renewed demand for its name than a hunt for yield, said lead managers, in a week where the only...
View ArticleMexico: an investorâs dream in need of critics
Debt capital market bankers and portfolio managers in New York covering LatAm struggle to find a bad word to say about Mexico it seems. That is a dangerous thing. The country is riddled with risks and...
View ArticleInvestors rejoice as Renzi readies coalition
Italian bond yields hit lows last seen before the eurozone sovereign debt crisis began as a fresh political face in the form of Florenceâs former mayor, Matteo Renzi put a sheen on peripheral...
View ArticleInvestors flee from lucrative Venezuela as unrest grows
More investors are deciding the risk of default is not worth the astonishing yields available on Venezuelan debt as bond prices hit new lows amid anti-government protests in the South American nation.
View ArticleCredEm grows OBG investor base, more to come this year
Credito Emilianoâs â¬750m five year has earned praise for its tight pricing, but it was demand from outside the eurozone, including from Asia and Switzerland, that suggests Italyâs recovery story...
View ArticleCosts could scupper Scotlandâs bid for bond freedom
The UK government in London may be prepared to give Scotland the authority to print its own bonds, thus adding a new issuer to the exclusive sovereign, supranational and agency market, but the real...
View ArticleBNP Paribas goes tight as market lives up to hype
The covered bond primary market lived up to supply expectations this week with five issuers tapping the market in the first two days of the week. BNP Paribas stood out, showing the strength of its...
View ArticleBankers predict sevens as ESM gears up for benchmark
The European Stability Mechanism will sell its first benchmark deal of 2014 next week and SSA officials have their money on it being a seven year.
View ArticleBankers chase bigger but fewer bonds in EM
In 2014, emerging market bankers will be chasing after bigger mandates, but fewer of them if this yearâs numbers are anything to go by. The average size of an emerging market bond in the first weeks...
View ArticleCanada five year to encourage further sovereign issuance
Sovereign issuers should take heart from the scale of demand for Canadaâs tightly priced return to the dollar market, say DCM bankers. The country sold a tightly priced dollar benchmark on Thursday,...
View ArticleCEEMEA trio restarts Russia despite threat of Ukraine contagion
Russian borrowers have been conspicuous by their absence in the bond market this year, but that changed this week with three benchmark-sized transactions despite the awful events in Ukraine. The deals...
View ArticleCore covered compression constrains performance
Covered bond spreads are so tight that there is almost no scope for secondary performance, bankers have warned. âCore markets are in a zone of low oxygen,â one said on Tuesday, as KBC Bank priced a...
View ArticleComet-less Darty makes HY debut with tight â¬250m 7yr
Darty Financements made its bond debut in Europe's near-empty high yield market this week.
View ArticleCodere defaults on 2nd bond, rejects plan
Codere, the troubled Spanish gambling company, has rejected bondholder plans to restructure its debt, after it failed to make coupon payments on both its bonds.
View ArticleAllianz buys Scottish motorway bond, Mersey bridge on way
Crédit Agricole and HSBC have placed what is believed to be the first unwrapped bond to finance a new UK road since the demise of the monoline insurers in the financial crisis.
View Article
