Fresenius looks for refi after Moody’s upgrade
Fresenius Medical Care (FMC) — the dialysis specialist 30% owned by healthcare group Fresenius — is looking to refinance loan facilities, a month after Moody’s upgraded the firm to investment grade
View ArticleAfrica pipe swells as Nigeria, Sibanye, Afrexim line up
Nigeria on Wednesday added to a building pipeline of African credit with a diaspora bond, the first of its kind from a sub-Saharan African country.
View ArticleNRW.Bank doubles up with dollar floater ahead of Fed
NRW.Bank made a big noise in a quiet dollar market this week as it printed the joint largest floating rate note from a European supranational or agency this year. Other issuers might be encouraged to...
View ArticleMandates stack up as corporates take breather
A trio of events on Thursday put the skids on the corporate bond primary market, as the UK headed to the polls on the same day as the European Central Bank met and US president Donald Trump faced his...
View ArticleGilt yields, sterling deals await UK election result
Public sector borrowers are considering sterling deals next week — but any issuance will hinge on the result of the UK’s general election on Thursday. The vote will also have a large bearing on Gilt...
View ArticleMTN Leak: Tales from Don Smit-xote
Leak had the pleasure of dining with Santander in one of London’s most authentic Spanish restaurants — a fitting setting for some stories from the self-styled “Latin Kings” of MTNs.
View ArticleNothing personal
Almost D-day then. Not the commemoration of unforgettable bravery and selflessness on the the Normandy beaches, you understand, but The Day of Despair more commonly known as Return To Work. I feel like...
View ArticleGC BondMarker: featuring deals from ADB, CDC and KommuneKredit
The scores have been counted and the results for the benchmarks sold in the week commencing May 29 are in. The week produced only a smattering of public sector trades trades, and not all were warmly...
View ArticleFIG market to remain strong and stable after UK election result
Market participants were unfazed by the hung parliament result in the UK election on Friday morning.
View ArticleEquity volatility falls as UK politics thrown into turmoil
The UK's shock election result, in which prime minister Theresa May failed to secure a majority, has led to a slight fall in equity volatility, as the FTSE 100 rose on a weaker pound and European...
View ArticleShock election result can’t tarnish corporate market lustre
The corporate credit market has given an almighty shrug on Friday to the surprise UK election result that came in overnight, with primary issuance expected to resume as normal next week helped by...
View ArticleBank of Queensland to market new covered bond programme
The Bank of Queensland (BOQ) has mandated joint leads to roadshow its newly set up conditional pass-through (CPT) A$3.25bn (€2.18bn) covered bond programme.
View ArticleEC to propose EU covered bond framework
The European Commission (EC) has confirmed it wants to create a more integrated covered bond framework in the European Union and explore the possibility of developing a market for European Secured...
View ArticleSwedish FSA plans should improve covered bond quality
The Swedish financial supervisory authority (Finansinspektionen) has proposed tightening mortgage lending criteria in an effort to slow growth in household debt, a decision which analysts believe is...
View ArticleLevfin market brushes off UK political turmoil
The European leveraged finance market was calm on Friday, despite the Conservative Party losing its majority after Thursday's UK general election and being forced to cobble together an agreement with a...
View ArticleSSA secondary pricing update: featuring ESM's 2046 tap
Trading levels given are bid-side spreads versus mid-swaps and/or an underlying benchmark as of Thursday's close. The source for secondary trading levels is Interactive Data.
View ArticleAgrokor gets new €400m loan but Sberbank fights it
Agrokor has signed a new €400m facility with Knighthead Capital Management and Zagrebačka banka, UniCredit’s Croatian subsidiary, to enable it to keep operating.
View ArticlePortugal’s declining risks should return its complement of investment grades
It won the Euros, it won Eurovision – now it is time to win back its lost investment grades.
View ArticleNord Anglia leads LBO charge into loans
A slew of event-driven deals launched into the leveraged loan market on Monday morning, joining Lindorff’s €3bn high yield offering in electrifying leveraged finance new paper issuance and catching...
View ArticleHigh yield investors salute Italian railway debut
Nuovo Transporto Viaggiatori began a four day roadshow for its first bond on Monday, as the market welcomed a €4bn deal pipeline for the week.
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