Hybrid

  • IG corp investors pile into anything with yield

    IG corp investors pile into anything with yield

    Europe’s high grade corporate bond investors clamoured for spread this week, with low triple-B rated companies Aker BP and Holding d’Infrastructures de Transport (HIT) finding ample demand a day after Eni had sold hybrid debt.

  • Eni gets triple oversubscription as hybrids feel the love

    Eni gets triple oversubscription as hybrids feel the love

    Eni, the Italian oil and gas company, got its chunky €2bn hybrid capital issue comfortably oversubscribed on Tuesday, after a similar success for Orange last week. Corporate bond investors are piling money into anything that offers higher returns.

  • AusNet Services and Enel find ample demand for hybrids

    AusNet Services and Enel find ample demand for hybrids

    AusNet Services, the Australian power networks company, and Italian power company Enel earned rapturous responses from investors for euro hybrid capital bond issues this week, even though the trades followed a sell-off in riskier assets.

  • Enel keeps power flowing into hybrid market

    Enel keeps power flowing into hybrid market

    Enel, the Italian power and gas company, proved that demand still exists in euros for chunky hybrid debt with a €2.2bn dual tranche deal on Wednesday that saw more than three times oversubscription at peak demand and offered no new issue concession.

  • AusNet rarity secures almost eight times euro demand

    AusNet rarity secures almost eight times euro demand

    AusNet Services, the Australian power networks company, got a rapturous response from investors for its rare euro hybrid capital bond issue on Tuesday, as they are eager to buy subordinated debt, even though riskier assets sold off last week.

  • Rare borrowers come to euros as AusNet plans hybrid

    Rare borrowers come to euros as AusNet plans hybrid

    AusNet Services Holdings, the Australian energy company, was one of a handful of high grade corporate euro mandates announced on Monday morning, as syndicate bankers said that the volatility in the rates market means issuers will need to accept paying wider spreads.

  • Ørsted sterling green hybrid romps home

    Ørsted sterling green hybrid romps home

    Ørsted, the Danish power company, pushed into the green hybrid sterling market on Wednesday, with the largely UK-based sterling buyer base proving to be just as keen on the debt as their euro counterparts.

  • Orsted joins green hybrid bonanza

    Orsted joins green hybrid bonanza

    Ørsted, the Danish power company, has mandated for its first green hybrid capital issue in sterling, as subordinated green, social and sustainability debt is tipped to continue finding chunky demand from investors this year.