GLOBALCAPITAL INTERNATIONAL LIMITED, a company

incorporated in England and Wales (company number 15236213),

having its registered office at 4 Bouverie Street, London, UK, EC4Y 8AX

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Sabadell achieves 'super-strong' senior appearance

◆ Spanish issuer funds with no new issue premium, if not breaching through fair value ◆ Market shows approval of the lone senior FIG print ◆ 'No major impact' spotted from BBVA's takeover expectations
There is no crock of equity gold at the end of the rainbow

La Française des Jeux hits jackpot with bond debut

M&A refinancing wins more than €11bn of orders and tightens by 50bp

'Frustration' after South Africa snubs local banks for Eurobond

There was no clear reason why local banks were not picked, sources said, for first time in 17 years
There is no crock of equity gold at the end of the rainbow
Sub-sections
  • Ryanair, the Irish budget airline, landed a far more solid bond issue this week than shopping centre operator Unibail-Rodamco-Westfield (URW) had a day earlier, in an early indication of what the bond market might look like as the worst-hit sectors recover from the coronavirus pandemic.
  • French care homes company Orpea launched a Schuldschein deal on Thursday as the market begins to regain its international allure. A return to the heady heights of pre-Covid deal flow will be a struggle, but Schuldschein market players are optimistic that the next few months will be strong for issuance.
  • Deutsche Lufthansa deferred the coupon on its hybrid debt, surprising the market and sending the bonds spiralling down almost nine points. The company said the decision came as the coupon payment would have violated state aid rules in relation to Lufthansa’s bail-out from the German government.