Reverse Yankee News Today

Radiocor. Finanza. Morning note: economia e finanza dai giornali esteri.

The sale of Reverse Yankee bonds by prominent US issuers – often with higher credit ratings – has recently continued at a rapid pace. Reverse Yankee bonds are debt securities issued by...

By Mike Turner 15 Mar 2021 Europe’s high grade corporate bond issuance pipeline is starting to swell for the week, with syndicate bankers confident that there is plenty of demand despite order books shrinking in the last week. Traton, the German commercial vehicle maker and Volkswagen subsidiary, has mandated for what will likely be the largest deal — a triple tranche euro trade. US real estate firm Simon Property Group looks set to extend the run of Reverse Yankee and real estate sector is...

By Mike Turner 25 Feb 2021 Non-European names hit the euro market this week with a trio of US companies and Japan’s Nippon Telegraph & Telephone Corp (NTT) raising debt. But syndicate bankers say rising US rates are still way off the sweet spot that would make the euro market irresistible for all Reverse Yankee issuers. Commercial real estate investment trust WP Carey (rated Baa2) followed last week’s investor calls by opening books on a June 2030 trade for an expected €500m at 135bp-140b...

US high grade corporate names hit the European market at the outset this week with WP Carey and General Motors selling bonds and Equinix mandating for a green deal. But syndicate bankers say rising US rates are still some way off the sweet spot to make the euro market irresistible for all Reverse Yankee issuers.