Funding scorecard: Nordic agencies
The scorecard this week looks at the funding progress of Nordic agencies.
View ArticleArrow Global nails InVesting with €100m buyout
Arrow Global, the UK distressed debt buyer and manager, on Friday announced the buyout of Dutch peer InVesting, in a deal to be funded using current debt facilities.
View ArticleTDF gets €2.8bn book for 10 year from duration-thirsty investors
TDF Infrastructure, the French broadcasting infrastructure operator, issued an €800m bond on Thursday, which brought in more demand than its last offering.
View ArticleKfW increases April 2020 Kangaroo
KfW tapped a April 2020 Kangaroo bond on Friday, with demand strongly driven by the Australian investor base.
View ArticleSecondary pricing update: featuring World Bank's $3bn March 2020
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 ArticleEIB hits €8bn book as Bund yield drop scares bankers
The European Investment Bank built a book of €8bn for a 10 year Earn on Tuesday as the 10 year Bund yield fell to a 12 month low, leading bankers on the deal to suggest tougher times may lie ahead for...
View ArticleMozambique investors should be happier with their catch
When Mozambique was forced to disclose a near $800m bilateral agreement part way through the exchange offer for Ematum bonds, investors were angry. But even with that last hiccup, they’ve been gifted a...
View ArticleIco gets social at short end of curve
Instituto de Crédito Oficial printed a no-grow €500m September 2018 social bond on Tuesday, with bankers noting that the bond’s high yields might have been just as appealing as its high morals.
View ArticleDowngrades dominate high yield rating actions, says Fitch
Slow economic growth and commodity price falls have caused more downgrades than upgrades among high yield companies, Fitch Ratings said in its Emea high yield and crossover issuer report, published on...
View ArticleIADB sells largest dollar deal in a month as KfW lines up
The Inter-American Development Bank highlighted the depth of demand in a resurgent dollar market by printing the largest benchmark in the currency in over a month — with KfW next up to test the...
View ArticleIMF leak shows tough times ahead for Europe
The recent disclosure by WikiLeaks of a conversation between three senior directors at the IMF raises the uncomfortable topic of the Greek debt crisis, which shows few signs of abating. The...
View ArticleItalian guarantee scheme has high hurdle to clear
The Italian government and Banca Popolare di Bari’s board are rightly proud that the wheels are finally in motion to deal with the country’s non-performing loans (NPL) problem, only six weeks after the...
View ArticleSchaeffler has four new shareholders: the IPO bookrunners
The Schaeffler family’s €1.24bn clear-out block trade in Schaeffler non-voting shares failed to clear on Monday night, leaving the four lead banks long of the stock.
View ArticleArcelorMittal rights issue oversubscribed despite steel gloom
ArcelorMittal’s $3.015bn rights issue, as part of its $4bn debt cutting plan, was completed oversubscribed, the steelmaker said on Monday, despite the gloomy outlook for the European steel industry.
View ArticleSaudi Arabia’s loan: Not a no-brainer
You would think that a role in Saudi Arabia’s first loan in over two decades would be the golden ticket for any bank, but it’s not to everyone’s taste.
View ArticlePark Square raises €1.2bn for levfin opportunities as banks retreat
Park Square Capital's third subordinated debt fund is ready to invest in sponsor-led deals, as European banks continue reducing lending to highly leveraged companies.
View ArticleUK borrowers test Schuldscheine with debut deals
Two UK borrowers, Kier Group and Laird, are marketing their first ever Schuldscheine, as UK borrowers return to the market after a long break.
View ArticleTelefónica takes its chance to raise €2.75bn in bubbling market
Telefonica hit the European bond market on Wednesday for a €2.75bn dual tranche deal that was the first by a Spanish company this year.
View ArticleEIB goes green with latest deal in 10 year dollar comeback
The European Investment Bank added the latest piece of evidence that a socially responsible label can help drive demand at tricky tenors, as it sold a Climate Awareness Bond on Wednesday that was the...
View ArticleEU finds love at 15 as Joint Laender hopes for success second time round
The European Union proved that for the right issuers there is considerable demand at the 15 year point of the curve, with the Joint Länder planning a return to the market with a seven year benchmark...
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