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Monday, 18 December 2017

Helene Durand' s stories

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  • European corporate market rattled but not shaken

    Bonds | 17 November 2017

    Corporate issuers ploughed through volatility that turned out to be a temporary blip, printing over €13bn-equivalent in euros, sterling and Eurodollars last week, in what could be one of the last clear runs of issuance in 2017.

  • Orsted ditches black for Green in first post-rebrand bond sale

    Bonds | 17 November 2017

    Orsted on Thursday sold its first ever Green bonds, coming to market with a dual-tranche senior and hybrid trade that was its first capital markets foray since the company became fully dedicated to renewable energy.

  • M&A risk no obstacle for HIT's return

    Ticker | 17 November 2017

    Looming M&A risk did little to put investors off a dual-tranche issue from France’s HIT, with books closing at around the €4.1bn mark.

  • A rat eats pieces of bread

    Rentokil gnaws away at spread

    Ticker | 16 November 2017

    Rentokil Initial gnawed away at the spread on its first public euro issue since 2013, a €400m November 2024 that printed 20bp tighter than the swaps plus 75bp area IPTs.

  • dong.jpg

    Orsted ditches black for Green in first post-rebrand bond sale

    Ticker | 16 November 2017

    Orsted is set to bring its first-ever Green bond, a dual-tranche senior and hybrid trade that will be its first capital markets foray since the company became fully dedicated to renewable energy.

  • Logo of Spanish electric utility company Iberdrola

    Shaky secondary fails to curb enthusiasm for Iberdrola hybrid

    Ticker | 14 November 2017

    Shaky performance of recent hybrid trades did not deter investors from piling into the latest deal in the format from Iberdrola, a €1bn Green bond that will price through 2%.

  • Ferrovial, Eurofins hit bid for hybrids just in time

    Bonds | 10 November 2017

    Ferrovial made its debut in the hybrid market last week, printing a heavily oversubscribed €500m trade at 2.125%, though the offering struggled to perform in the aftermarket as more than €12bn of primary supply weighed on some new issues.

  • Corporate market in a muddle

    Bonds | 10 November 2017

    A rampant rally in the European corporate bond market has distorted some borrowers’ curves to such an extent that pricing new issues could become a minefield - a scenario reminiscent of what happened to the covered market in 2014.

  • Ferrari logo

    Ferrari takes chequered flag in latest bond market race

    Ticker | 09 November 2017

    The European investment-grade corporate bond market continued to fire on all cylinders on Thursday with Ferrari racing way out in front, seeing over €1.75bn orders for its €500m January 2021 trade.

  • AT&T bonds widen on DoJ news

    Ticker | 03 November 2017

    AT&T bonds widened slightly on Thursday and Friday on reports that the US Department of Justice is laying the groundwork for a potential lawsuit aimed at stopping its deal with Time Warner if settlement talks do not work out.