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Tuesday, 12 December 2017

Laura Benitez' s stories

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  • Demand unabated for unrated

    Bonds | 26 May 2017

    The European debt market shows no signs of wilting, with a host of unrated corporate borrowers finding strong demand for paper as investors cast off caution in exchange for yield.

  • Corporate market stands firm for next round

    Ticker | 25 May 2017

    This week’s corporate transactions performed well today despite the recent issuance surge, providing a firm backdrop for more supply next week, bankers say.

  • No ratings, no problem for Ansaldo

    Ticker | 24 May 2017

    Unrated borrowers continued to drum up strong support from investors this week, with Ansaldo the latest to sell debt.

  • Allergan logo

    Allergan puts Europe in the spotlight

    Ticker | 23 May 2017

    Allergan demonstrated Europe’s ability to compete with the US dollar market on Tuesday, when it became the latest borrower to bring a jumbo-sized multi-tranche euro deal.

  • European corporates waste no time on the sidelines

    Ticker | 22 May 2017

    The European corporate bond market got off to another busy start this week as demand for new paper prevailed, despite last week’s deluge making conditions a little heavier.

  • Pelican

    Rallye drives market to a frenzy

    Top News | 19 May 2017

    Investors rushed to buy a €350m long five-year bond issue from Rallye offering just 4.375% on Tuesday, a telling sign, investors said, that valuations in the corporate bond market are over-stretched.

  • Record week proves Europe's mettle

    Bonds | 19 May 2017

    Europe gave the US dollar bond market a run for its money last week, with a host of blue-chip companies raising debt in jumbo multi-tranche format, further cementing the region’s role for corporate financing.

  • Wilting

    Corporate market wilts on debt splurge

    Ticker | 18 May 2017

    A €16.2bn debt splurge from a host of multi-tranche jumbo transactions from high-profile names - not to mention political concerns across the Atlantic - took its toll in the secondary market on Thursday, with some paper bid up to 13bp wider on a mid-swaps basis.

  • Rocket

    Market reaches top as orders for Rallye skyrocket

    Ticker | 16 May 2017

    Orders peaked at over €3bn for French holding company Rallye’s unrated €350m five-year bond, which priced at a 4.375% yield, a telling sign that the investment-grade corporate market is super hot, investors said.

  • M&A

    LVMH readies jumbo bond for Dior acquisition

    Ticker | 16 May 2017

    LVMH has become the latest company to capitalise on a strong market backdrop and favourable funding costs, opting to pre-finance its €12bn acquisition of Christian Dior Couture.