Corporate Financing Analysis - Spanish Bond Flurry A Welcome Shift - 09 MAY 2016
Corporate Financing week May 2016 / Spain / Finance
After two long years of declining activity, the Spanish corporate bond market appears to have turned a corner in April 2016 and can now look forward to enjoying a slightly more optimistic outlook...
Company Trend Analysis - Convergence Must Drive Fourth Player - 28 MAR 2016
Corporate Financing week March 2016 / Spain / Industry
Zegona and MasM?vil are competing to become Spain's fourth major operator. A fourth player must be a converged player to be relevant against the three national actors, and BMI believes that consoli...
Corporate Financing Analysis - Spain An EMEA ECM Stalwart Once More - 03 AUG 2015
Corporate Financing week July 2015 / Spain / Finance
Spain finished at the top of the EMEA IPO leaderboard, and ranked second in terms of overall equity capital market activity at the end of the first half of this year. And in BMI's view, with the...
Corporate Financing Analysis - 'Carve Out' Deals Have Lost Their Shine - 01 JUNE 2015
Corporate Financing week May 2015 / Spain / Finance
Corporate 'carve out' deals have lost their shine since their heyday in the aftermath of the global financial crisis, and despite recent activity in the market BMI does not believe that they will...
Corporate Financing Analysis - ECB's QE Is Stimulating Spanish Loan Market - 27 APR 2015
Corporate Financing week April 2015 / Spain / Finance
The Spanish banking sector's road to recovery has reached a new milestone so far in 2015, with corporate loan activity reaching its highest year-to-date (y-t-d) level since the onset of the global...
Corporate Financing Analysis - Santander Overnight Fundraising To Act As An Example - 19 JAN 2015
Corporate Financing week January 2015 / Spain / Finance
Spanish lender Santander was quick to complete an offering on January 8 to raise about EUR7.5bn (USD8.88bn) from equity capital market (ecm) investors. The eurozone's largest bank by assets sold...
Corporate Financing Analysis - Stability In The Spanish Loan Market? - 15 DEC 2014
Corporate Financing week December 2014 / Spain / Finance
In the view of BMI's Spanish analyst, the worst is over for the local banking sector. Healthy capital provisioning means the sector is now better prepared for any potential credit shocks. And this...
Corporate Financing Analysis - Iberia Indicative Of European Junk Bond Rally - 13 OCT 2014
Corporate Financing week October 2014 / Spain / Finance
Iberian firms contributing heavily to the European high yield bond charge. According to data provider Dealogic, high yield bond activity by firms in Spain and Portugal has reached USD10.3bn via 26...
Corporate Financing Analysis - Vodafone-Ono Merger - Consolidation, Convergence Views Play Out - 24 MAR 2014
Corporate Financing week March 2014 / Spain / Finance
Vodafone Group has agreed to buy Spanish alternative operator Ono for approximately EUR7.2bn (US$10.0bn). The debt and cash-free deal - which is expected to close in Q314 - gives Vodafone access to...
Corporate Financing Analysis - Modest Growth Outlook Should Reflect Ono Bids - 10 FEB 2014
Corporate Financing week February 2014 / Spain / Finance
Vodafone is reportedly negotiating the acquisition of Spanish cable broadband operator Ono. As the latter prepares for a long-awaited stock market listing, it seems that Vodafone sees a window of...