Fed frightens FIG buyers to push up premiums
FIG borrowers looking to return to the capital markets may have to pay a little more for funding this week, as market participants tread carefully around the possibility of the US Federal Reserve...
View ArticleQuintiles IMS’ jumbo €1.3bn deal set to top HY chart
A bond offering to refinance the debt of merged companies Quintiles and IMS is likely to become the largest of the week in a high yield market already set to price €3bn of new bonds by Friday
View ArticleConsumer ABS paper takes centre stage
Two secondary placements of consumer ABS paper could be launched this week, with French consumer loans and UK credit card backed offerings being prepared.
View ArticleEni comes for dual tranche in frantic market
Italian oil and gas company Eni jostled with four other issuers on one of the European corporate bond market's busiest days of the year as it issued a dual tranche offering on Tuesday.
View ArticleIndustrial Bank proceeds cautiously with $1bn bond
China’s Industrial Bank took advantage of a quiet primary market on Tuesday, bagging $1bn from a dual-trancher. Given the softer tone this week, the issuer went out with realistic expectations on...
View ArticleSBI lays foundation for offshore Indian AT1s
State Bank of India launched the first-ever offshore Basel III compliant additional tier one (AT1) bank capital offering from an Indian name on Wednesday, a deal market participants expect to set the...
View ArticleAxalta furthers reverse Yankee HY momentum
US coatings maker Axalta on Tuesday sold a €450m bond to redeem its 2021 euro notes, a month after it redeemed its 2021 dollars, cutting its coupon by 200bp.
View ArticleBayer picks $57bn loan plus equity piece, no syndication yet
On Wednesday, Bayer said that five banks have agreed to provide the hefty bridge loan for its $66bn acquisition of US agrochemicals specialist, Monsanto. But the $57bn deal is not yet being syndicated,...
View ArticleNational Grid Gas completes new issue financing with euro grab
National Grid Gas followed its £3bn Tuesday visit to the sterling market with a €750m eight year bond that completes its primary bond market financing ahead of its 2017 sale.
View ArticleBayer prepares to break ECM records for $66bn Monsanto deal
Bayer, the German life sciences company, has clinched an agreement with the board of Monsanto to buy the US company for an enterprise value of $66bn, to be financed with one of the largest rights...
View ArticleBOC Aviation hits the runway for up to $1.5bn loan
BOC Aviation is out with a $1bn borrowing, opening the dual tranche deal into general syndication on Tuesday, according to bankers.
View ArticleHigh yield blows away summer sluggishness as IG rolls on
The European high yield market looks bound to end the third quarter of this year with a flourish as the volume of September primary sales approaches the €10bn mark, some €2bn more than for June and...
View ArticleNomura levfin team makes Funke hire
A former managing director at Goldman Sachs has joined Nomura as an MD in its leveraged finance division.
View ArticleZurich bumps up volume with $3.2bn deal
Swiss insurance group Zurich, rated Aa3/AA- by Moody's and Standard and Poor's, has signed a $3.2bn syndicated loan in a five year deal coordinated by Citi.
View ArticleMorrisons triggers extension on £1.35bn backstop facility
UK supermarket chain WM Morrison Supermarkets, better known as Morrison’s, has triggered an extension option on its £1.35bn revolving credit facility.
View ArticleHK Reit trio head to loans market for new money, refis
Three Hong Kong real estate investment trusts are tapping the loan market for funds, with DBS launching two new deals and Hang Seng Bank wrapping up a third transaction, bankers said.
View ArticleBeni Stabili cuts costs with €710m deal
Italian real estate company Beni Stabili signed a €710m facility on Thursday backed by its key Telecom Italia assets.
View ArticleTikehau Capital continues financing spell with €200m loan
French asset manager Tikehau Capital has completed its first syndicated loan, drawing support from eight banks, following a run of equity and debt raisings.
View ArticleLoans, news in brief — September 15, 2016
Tikehau Capital — Morrisons — Zurich Insurance — Dubai Metro
View ArticleSREP reigns despite Bank of Italy’s capital buffer revision
The Bank of Italy announced it would soften application of the capital conservation buffer (CCB) in line with most other European countries, but the move is not expected to relieve any pressure on...
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