Hail of blocks after Macron win, with Bravida, Spie, Ladbrokes
The victory of Emmanuel Macron in France’s presidential election has helped unleash a wave of equity block trades this week, even though the real boost to investor sentiment came after the first round...
View ArticleTurkey’s Global Ports floats in London with retail help
Global Ports Holding, the Turkish company that owns 15 ports in the Mediterranean and further afield, has priced its London IPO just above the bottom of the range, achieving a £465m market...
View ArticleBurford to boost retail bond market with 5% deal
Litigation finance house Burford Capital is set to become this year’s second issuer on the London Stock Exchange’s Order book for Retail Bonds (Orb).
View ArticleQuality or quantity ask QIB and Al Baraka in sukuk
Gulf banks are bringing much needed variety to the sukuk market this week with A-rated Qatar Islamic and BB-rated Albaraka Banking Group offering debt at both ends of the rating and capital spectrums.
View ArticleSparkasse Hamburg prices through Pfandbrief curve
The rare German savings bank extended its curve and priced its Pfandbrief inside fair value with good demand. At the same time Hypo Tyrol paid a relatively small concession for its sub-benchmark...
View ArticleGaranti crushes yield as Erdogan and Trump go head to head
Orders of over $2.2bn had enabled Turkey’s Garanti bank to crush the yield on its debut tier two as it looks on course to print with the lowest ever coupon for a new style Turkish tier two bond.
View ArticleBank funding costs hit lows as BFCM and Wells Fargo hit euros
Banque Fédérative du Crédit Mutuel (BFCM) and Wells Fargo both dipped their toes into the euro market on Tuesday, as the banks spied a golden opportunity to walk away with longer dated senior funding...
View ArticleThe next 30 years of the capital markets
Since May 15 1987, when EuroWeek started publishing, the global capital markets have been through several revolutions, but there’s lots in 2017 that would be recognisable to someone working in fixed...
View ArticleInvestors expecting a 'bun fight' as books hit $4bn for Senegal
Books had reached $4bn on Tuesday before the US market opened for Senegal’s latest dollar outing, an amortising note maturing in 2033. Bankers and investors away from the mandate said they did not envy...
View ArticleBerlin Hyp set for Green covered return
After adding more green loans to its cover pool, Berlin Hyp (BHH) is now ready to return to the Pfandbrief market, and on Tuesday mandated leads for a roadshow ahead of its second green mortgage-backed...
View ArticleBooks of $7.7bn propel Senegal to $1.1bn
Senegal has launched its 2033 amortising note to raise $1.1bn after books reached $7.7bn at 8:30am New York time on Tuesday.
View ArticleSoc Gen heads to yen in French non-preferred world tour
Société Générale started marketing its a non-preferred senior transaction in yen on Tuesday, as French banks flood back to calmer markets following Emmanuel Macron’s victory in the country’s...
View ArticleMarkets experience consolidation as Commerzbank, KBC hit senior
Commerzbank and KBC were looking to sell new senior unsecured bonds in a less enthusiastic primary market on Wednesday, after banks credit spreads started widening following the recent mass of supply.
View ArticleSSAs power ahead in buoyant market
The SSA market has played host to a series of strong deals this week and shows no signs of fatigue, as investors flock to make the most of the glut of supply.
View ArticleCredit rally helps Turkish tier two come of age
Garanti Bank on Tuesday raised $750m with the tightest priced Turkish tier two on record which was testament to the level of comfort investors now have with the product, according to bankers leading...
View ArticleGIC, Bain, CVC light up equity blocks market
There has been an explosion of equity block trades in Europe this week, led by a sovereign wealth fund, plus several new capital deals. The IPO market is also busy, with several new deals launched.
View ArticleSenegal proves African sovereign star with blowout
Senegal was fully rewarded for embarking on an extensive roadshow with a blowout trade on Tuesday, which not only repriced its own curve, but helped to reduce the borrowing costs of its peers.
View ArticleMore supply from Russia as STLC mandates for Irish subsidiary
State-owned Russian transport leasing firm State Transport Leasing Company (STLC) will meet investors for its second dollar bond from Friday.
View ArticleBank of Queensland CPT shows market evolution
The Bank of Queensland’s (BoQ) conditional pass through (CPT) covered bond works differently from Dutch CPTs as there is a higher likelihood of prepayment.
View ArticlePremier Foods to feed eager sterling HY investors
After three years away, UK producer of grocery and sweets, Premier Foods, returned to the bond market with a £210m fiver year non-call one floater on Wednesday to join 2017’s sterling issuance comeback.
View Article