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Wednesday, 25 April 2018

Abhinav Ramnarayan' s stories

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  • Italian flag

    The cost of eurozone countries going long

    Bonds | 09 September 2016

    A push by some eurozone countries to issue debt that will not need repaying for many decades may come at a price – but for borrowers who lived through the bloc’s 2010–2012 crisis, it is probably a price worth paying.

  • Volkswagen logo

    Volkswagen gears up for bond market return

    Top News | 05 August 2016

    Volkswagen may sell its first public unsecured deal for a year as early as the end of August, according to four bankers who cover corporate bonds. The deal would be the company’s first such transaction since the emissions scandal in September 2015.

  • Vodafone logos

    Vodafone goes long twice in a week

    Bonds | 05 August 2016

    Vodafone’s penchant for long-dated debt was on display last week, with the UK telecoms firm starting the week with a £800m 33-year benchmark trade and ending it with a £1bn 40-year bond, the two deals coming either side of a Bank of England announcement on corporate bond purchases.

  • Credit Suisse logo

    Sterling market gets leg up from QE

    Bonds | 05 August 2016

    The Bank of England gave the renascent sterling market a helping hand last week, unveiling a corporate bond purchase programme of up to £10bn as part of an ambitious stimulus package to support the UK economy following the Brexit vote.

  • Vodafone logos

    Sterling corporates on winning streak as BoE starts QE

    Ticker | 04 August 2016

    Sterling corporate bonds rallied hard on Thursday after the Bank of England said it would buy them as part of its quantitative easing reprise, with bankers now touting for more business.

  • A wad of British pound bills

    Sterling primary market swats aside Brexit concerns

    Ticker | 04 August 2016

    Corporates and financials have sold just over £6.5bn of bonds since the UK voted to leave the European Union, as the sterling primary market fights back and issuers take advantage of attractive funding costs.

  • Cellnex antennas

    Cellnex paves the way for post-summer rush

    Ticker | 02 August 2016

    Split-rated corporate issuer Cellnex drew around €4bn of demand in its first transaction for over a year as squeezed investors buy up risky paper in a highly technical market that could lure more issuers to market.

  • Cellnex antennas

    Cellnex, Vodafone add to buoyant mood

    Ticker | 01 August 2016

    Split-rated issuer Cellnex Telecom will print a €750m long seven-year euro benchmark trade from a €4bn book, the latest sign of how smoothly the corporate bond market has taken the Brexit vote in its stride.

  • Parliament building in Athens

    Low yields spur rethink on Greece

    Top News | 29 July 2016

    Some hedge funds are returning to the Greek government bond market less than a year after the country was bailed out for the third time, as the hunt for yield intensifies in a low-rate environment.

  • EDF logo

    European corporate issuers keep powder dry for September

    Ticker | 25 July 2016

    Most issuers will eschew the bond market for the time being, as a combination of ECB demand and low supply over August is likely to conspire to create perfect issuance conditions in September, bankers said.