Scotiabank
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London-listed Anglo Pacific Group has added Scotia Bank to its existed lending syndicate, giving it capacity to triple the size of its bank facility.
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New York seemed set to avoid Hurricane Florence but US investors whipped up a storm of their own as they poured cash into a succession of big ticket deals from blue-chip domestic and Yankee names. -
The US corporate bond market continued at a strong pace this week, ignoring the lure of the beach that sees its European counterparts' new issue flow slow to a standstill in August. More than $22bn of bonds were sold in the first three days of the week and around half of that was raised by United Technologies Corp.
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Sterling issuance from public sector borrowers outside the UK is still on course for a record year — helped in no small part by a supranational printing its largest ever syndication in the currency this week.
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The World Bank sold a sustainable development bond in Canadian dollars on Thursday that took issuance in the currency from non-Canadian SSAs in July to its busiest month ever.
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Public sector borrowers could break the traditional summer silence over the next couple of weeks if they react quickly to sterling interest, said one of the leads on this week’s comeback in the currency by the European Bank for Reconstruction and Development.
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The International Finance Corporation (IFC) visited the Canadian dollar market for the first time in more than 10 years this week, matching its largest ever deal in the currency for size.
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Sweden’s Lundin Petroleum has slashed 90bp off the margin of its $5bn reserves-based lending facility, as borrowers continue to heap pressure on lenders over pricing.
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Gilt investors and market makers have offered a broad range of views on the form that the UK’s next syndication should take during a meeting with the country’s Debt Management Office. The meeting was without Scotiabank, which last week quit as a Gilt-edged market maker (GEMM).
