Global Bond News

Continental AG, Europe’s second- biggest auto-parts maker, said it plans bond sales of as much as 4 billion euros ($4.9 billion) in several steps to reduce dependency on bank financing.

NZF Homeloans Ltd., a unit of NZF Group Ltd., issued NZ$100 million of residential mortgage-backed securities, according to a statement from Standard & Poor’s, which gave a AAA rating to the top two classes of notes.

The Bank of England said Thursday it is consulting on making further efforts to boost liquidity in corporate-bond markets by offering to make sales of corporate debt, as well as buying it.

After shaking up the U.S. taxable debt market for the last eight months, Build America Bonds are slowly attracting the attention of investors from other countries.

India’s top mortgage lender, Housing Development Finance Corp, plans to raise up to 5 billion rupees ($108 million) via bonds, two sources with direct knowledge of the deal said on Thursday.

The Caisse de dépôt et placement du Québec, grappling with losses and lagging returns, is planning to issue up to $8-billion in bonds by the end of next year as it moves to reduce its risk exposure.

Germany sold on Wednesday almost 5 billion euros ($7.49 billion) worth of new 10-year bonds in an auction which met with relatively weak demand and weighed on the wider market.

Hitachi Ltd. may raise as much as 400 billion yen ($4.5 billion) through the sale of new stock and convertible bonds, Reuters reported, citing two unidentified people familiar with the situation.

Angola’s plan to raise $4 billion in Sub-Saharan Africa’s biggest bond sale will be “difficult, but not impossible” to pull off, said Deputy Finance Minister Manuel da Cruz Neto.

The Canadian government said it will auction on Nov. 18 C$3 billion (US$2.9 billion) of new bonds due June 1, 2015.