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1 month ago | 
news.bloomberglaw.com | Ronan Martin |Hannah Benjamin-Cook
UK lender Metro Bank Holdings Plc has pulled in over £1.3 billion of investor bids for its first public bond transaction since its debt was restructured in 2023. The issuer, which offers various financial services in the UK, initially said it wanted to raise £200 million ($259 million) of Additional Tier 1 at about 14.5% according to a person with knowledge of the sale, who asked not to be identified as the information is private.
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1 month ago | 
news.bloomberglaw.com | Hannah Benjamin-Cook |Esteban Duarte
Credit Agricole Assurances SA raised €750 million ($819 million) from a debut sale of Restricted Tier 1 notes, with investors bidding for more than three times the debt on offer. Restricted Tier 1, which is the insurance market’s equivalent of Additional Tier 1 bonds sold by banks, typically carry a chunkier yield given their risky nature.
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1 month ago | 
news.bloomberglaw.com | Hannah Benjamin-Cook
Credit Agricole Assurances SA is tapping the riskier part of Europe’s debt market as it opens books on a debut sale of notes that typically offer investors a chunkier yield. The issuer is selling a euro benchmark-sized sale of Restricted Tier 1 note, which is the insurance market’s equivalent of Additional Tier 1 bonds sold by banks.
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1 month ago | 
bloomberg.com | Hannah Benjamin-Cook
Manchester Airport is lining up a debut sale of euro bonds in what will be its first debt deal away from its domestic currency. The borrower is holding investor calls from today for the sale of euro 10-year, senior secured notes with an expected €500 million size, according to a person with knowledge of the sale, who asked not to be identified as the information is private.
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2 months ago | 
news.bloombergtax.com | Ethan Steinberg |Hannah Benjamin-Cook |Caleb Mutua
Johnson & Johnson sold $5 billion of high-grade corporate bonds Tuesday to help fund its acquisition of Intra-Cellular Therapies Inc., part of the market’s second-busiest day this year. The drug and medical-devices maker sold dollar-denominated notes in five parts, according to a person familiar with the matter who asked not to be identified as the details are private.
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2 months ago | 
news.bloomberglaw.com | Ethan Steinberg |Brian Smith |Hannah Benjamin-Cook
Johnson & Johnson plans to sell high-grade corporate bonds on Tuesday to help fund its roughly $14.6 billion acquisition of Intra-Cellular Therapies Inc., according to a person familiar with the matter. The drug and medical-devices maker plans a dollar-denominated sale in as many as five parts. The longest portion, a 10-year note, may yield in the area of 0.7 percentage point above Treasuries, said the person, who asked not to be identified as the details are private.
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Nov 12, 2024 | 
bloomberg.com | Hannah Benjamin-Cook
Europe’s debt market is picking up where the US left off, with a debt sales rebound as borrowers seize on funding costs that are near a three-year low. BPER Banca SpABloomberg Terminal, Coca Cola HBC Finance BV, Stellantis NV and US companies including elevator maker Otis Worldwide Corp.Bloomberg Terminal are among 15 borrowers set to price new debt deals in the region on Wednesday, according to data compiled by Bloomberg. That’s the most number of issuers in one day since Sept.
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Nov 12, 2024 | 
bnnbloomberg.ca | Hannah Benjamin-Cook
(Bloomberg) -- Europe’s debt market is picking up where the US left off, with a debt sales rebound as borrowers seize on funding costs that are near a three-year low. BPER Banca SpA, Coca Cola HBC Finance BV, Stellantis NV and US companies including elevator maker Otis Worldwide Corp. are among 15 borrowers set to price new debt deals in the region on Wednesday, according to data compiled by Bloomberg. That’s the most number of issuers in one day since Sept. 25, when 19 borrowers tapped the market.
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Nov 7, 2024 | 
finance.yahoo.com | Hannah Benjamin-Cook |'Tofe Ayeni
(Bloomberg) -- Investors are jumping back in Europe’s debt market, with a trio of deals amassing orders for more than three times their combined size as activity resumes following Donald Trump’s US election win.
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Nov 7, 2024 | 
bloomberg.com | Hannah Benjamin-Cook |Tofe Ayeni
Investors are jumping back in Europe’s debt market, with a trio of deals amassing orders for more than three times their combined size as activity resumes following Donald Trump’s US election win. Bids for offerings from Intesa Sanpaolo SpA, Societe Generale SA and Bureau Veritas SA have reached more than €11.45 billion ($12.35 billion) combined the latest data shows, according to separate people with knowledge of the deals, who asked not to be identified as the information is private.
