Nykredit grabs smaller size for first bail-inable senior FRN
Nykredit Realkredit paid a slim premium for a smaller €300m senior resolution note on Wednesday, printing its first floating rate deal in the format.
View ArticleGlobalCapital Corporate Bond Awards garland Air Liquide, BNPP, MUFG
Air Liquide was named Most Impressive Investment Grade Corporate Borrower and BNP Paribas Corporate Bond House of the Year in GlobalCapital's Bond Awards 2017, announced on May 23 at our Bond Dinner at...
View ArticleOman prints $2bn as bankers debate sukuk discount
Oman made its public market sukuk debt on Tuesday to raise $2bn with a well supported trade. While bankers on the deal argued that Oman achieved a “sukuk discount,” others said the deal came flat to...
View ArticleCommissioner fights to make Agrokor’s former management liable for legal costs
The Croatian government’s appointed commissioner Ante Ramljak, in charge of handling Croatia’s largest private company’s restructuring, has filed to remove a clause stating that Agrokor will incur the...
View ArticleNN Group raises €900m for Delta Lloyd takeover
NN Group, the Dutch insurance firm, was looking to raise €900m of senior bond funding in the primary market on Wednesday, in a bid to fund its merger with fellow Dutch insurer Delta Lloyd.
View ArticleLong investor queues for Heathrow’s HY benchmark deal
UK airport Heathrow landed orders for more than five times its £250m offering on Wednesday, in a week with less than €500m of new paper in sterling and euros in the high yield bond market.
View ArticleThe Annual GlobalCapital US Securitization Awards: The Winners
On Tuesday, May 23, GlobalCapital held its fourth annual securitization industry awards dinner at the Plaza Hotel in Manhattan.
View ArticleIndia economic growth sparks interest in Kia’s $648m loan
South Korean carmaker Kia Motors has sent a request for proposals for a $648m financing to back the construction of a manufacturing facility in India, its first in the country. The loan is receiving...
View ArticleChina downgrade to trigger repricing of bonds
Moody’s downgrade of China triggered a slight widening of spreads on international dollar bonds from the country’s issuers on Wednesday, but the reaction was otherwise largely muted. Despite the tepid...
View ArticleRusal secures Russia’s fourth PXF in one month
Russia is on a roll with its fourth senior secured pre-export finance facility signed this month, the latest one being a $1.7bn deal for aluminium producer Rusal.
View ArticleStellar demand helps Egypt to $3bn tap
A mammoth $11bn book helped Egypt take $3bn for the price of $2bn with its triple tranche tap, according to a banker on the deal, as demand for higher yielding EM credits continues.
View ArticlePessimism overrides Coen’s optimism on ‘Basel IV’ finalisation
The Basel Committee’s William Coen said in a speech on Thursday that he was hopeful that the Basel III post-crisis reforms could be finalised in the ‘near future’, but capital markets participants have...
View ArticleSlovakian covered bond revamp to revitalise market
Amended Slovakian covered bond legislation, set to come into effect in January 2018, will lay the foundation for a robust internationally focused market leading to greater volume, delegates at the CEE...
View ArticleUK RMBS primary market springs to life
The UK RMBS market is picking up steam following the pricing of the year’s first prime offering from Principality Building Society and a buy-to-let offering backed by prime mortgages.
View ArticleIneos to use some bank debt for Dong acquisition
Ineos is likely to use some bank debt for its $1bn acquisition of Dong Energy’s upstream North Sea oil and gas business, and is also engaging in a $250m vendor loan note provided by Dong.
View ArticleThe Pained Trader: an offer you can't refuse
The Pained Trader is finally in receipt of a contract.
View ArticleRusal cuts interest, alters covenants as lenders pile into PXF
Aluminium producer Rusal secured a $1.7bn pre-export finance facility on Wednesday, the fourth PXF from Russia signed this month, as banks favour the stability of this structure in the current...
View ArticlePhilippines’ Eagle Cement seals $151m float
Eagle Cement Corp has found success with its Ps7.5bn ($150.5m) IPO, drawing in enough demand to cover the deal three times over.
View ArticleMelco Resorts Finance finds strong US support
Melco Resorts Finance on Thursday sold a tightly priced eight year non call three bond to refinance its outstanding 2021s, with its deal over 2x subscribed.
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