Rabobank
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Rabobank issued two tranches of covered debt on Wednesday and was able to match ABN Amro’s record for the tightest ever 20 year spread. DG Hyp also issued a covered bond, its first since March last year. -
Commodities trader Gunvor Singapore is back for its annual refinancing, attracting commitments from 13 banks even before the $800m loan was launched into general syndication.
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European high yield bond issuers roadshowed for seven lower rated new offerings this week, leaving behind the quiet of the post-Easter recess. What followed was a vigorous tug of war over pricing and terms in which bankers and investors claimed different victories.
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Ghana Cocoa Board (Cocobod) has sent off invitations to its annual financing for its cocoa harvest amid concerns it may struggle to repay its previous loan.
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Agricultural commodities trader ED&F Man has signed three revolving credit facilities totaling $1.128bn, bringing the UK company’s committed funds to more than $2.4bn at a time when the company’s sugar and grains businesses have taken a hammering.
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The euro market was all but deserted this week, but one borrower broke the silence, hitting screens for a socially responsible investment bond on Tuesday.
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B&S, the Dutch consumer goods distribution specialist, has revised the price range for its €358m IPO on Euronext Amsterdam, which is due to be priced on Thursday.
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The Council of Europe Development Bank returned to the market for socially responsible investments on Tuesday, printing a seven year “social inclusion” bond.
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The Council of Europe Development Bank’s long awaited social inclusion bond will come to market on Tuesday, following a two week roadshow.
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B&S Group, the Dutch consumer goods distribution specialist, has opened the books for its listing on the Amsterdam stock exchange, the second Dutch company to set a price range for its IPO this week.
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The German State of North-Rhine Westphalia came to market this week with its fourth sustainability bond. The bond is the issuer’s largest ever, narrowly outstripping several €2bn bonds at €2.025bn.
