This page is dedicated to research articles on primary fixed income markets. For further information please contact Dan Barnes.
ORIGINATION
Origination: EU tops global bond issuance in March
The European Union saw the biggest increase in bond issuance globally in March, reaching US$30.62 billion.
The bulk of this came from three bond issuances by the European Commission over the month totalled €13.7 billion,...
Origination: Mars issues US$26 billion to acquire Kellanova
Mars Inc has issued US$26 billion in senior notes in a private transaction to fund its acquisition of snacking company Kellanova, formerly Kellogg’s.
The offering is expected to close on or around 12 March 2025.
The...
Origination: Citigroup to issue US$275 million in HKEX bonds
Citigroup Global Markets has issued US$275 million in cash-settled exchangeable bonds for shares in HKEX.
The scheduled issue date for the bonds is 10 April 2025. With an issue price of 103%, they will mature...
Origination: Carlsberg issues more than €4 billion in notes programme
Carlsberg Breweries has issued €4 billion and £500 million in notes under its Euro Medium Term Notes programme.
Proceeds will go towards repaying bank debt associated with the £3.3 billion purchase of Britvic, completed 17...
