Rabobank
-
The strength of corporate bond demand, after falls in stockmarkets engendered by the US's hardened stance on trade talks with China, will be tested in the US on Wednesday by a $20bn issue for IBM. In Europe, the test could come on Thursday, since a handful of issuers finished roadshows on Wednesday. -
Rabobank sold a 12 year non-preferred senior bond in euros on Monday, the longest dated offering that any bank has tried in a senior format so far this year.
-
German defence firm Krauss-Maffei Wegmann (KMW) has signed a €350m loan, joining Port of Rotterdam and FEV Group in the market for similar sized deals amid a wave of mid-market activity in Europe.
-
Corporate bond investors in Europe are showing a bit more willingness this week to say no to ultra-tight pricing, but not in sufficient numbers to prevent issuers getting what they want.
-
The Port of Rotterdam has signed a €300m sustainability-linked bank facility, as loans bankers say they have seen an influx of mid-market deals for around that amount in recent weeks.
-
-
The European Financial Stability Facility and Council of Europe Development Bank left little on the table with their euro bond issues on Wednesday. More supply is expected, as three more borrowers have picked banks for deals expected this week.
-
Despite a slight softness in the European corporate bond market at the end of Tuesday, Wednesday brought another strong deal. CNH Industrial, the agricultural machinery and lorries group backed by the Agnelli family, issued an eight year bond that was increased to €600m.
-
Rabobank has appointed Thomas Levin as a senior coverage banker, joining from Mizuho.
-
China’s Tianshan Aluminium is tapping the offshore loan market for $200m.
-
Achmea, the Dutch insurance holding company, has signed a €1bn sustainability-linked refinancing loan, in what one bank said was the first deal of its kind in the country's insurance sector.
-
Ecom Agroindustrial Asia, the Singaporean business entity under Swiss commodities trader Ecom, has returned to the international loan market for its annual borrowing.
