TRW Automotive seeks to amend and extend
TRW Automotive announced yesterday that it has initiated discussions with its bank group for an amend-and-extend of $2.5 billion in senior secured credit facilities.

Citadel underwrites Advanced Micro Devices' new issue
Technology company Advanced Micro Devices announced yesterday its $500 million senior note private offering.

BNP Paribas recommends holding Credit Logement's tier-one
BNP Paribas analyst note that Credit Logement’s €450 million tier-one floating rate note gives an attractive yield of 21.5% despite the fact that the French bank confirmed last Friday that it will not be calling the bond on 15 December 2009.

Porsche revs up new loan
UniCredit reported in this morning’s credit research that Porsche has obtained a new loan.

Switch from Renault to Fiat bond, says UniCredit
UniCredit analysts recommend switching from Renault’s bond into the Fiat’s bond.

Heidelberg's long-awaited bond meets investor demand
Appetite for high yield doubled HeidelbergCement’s total capital raised via its new, three-tranche issuance of €2.5 billion.

Pharma credits contain patent risk, says UniCredit
UniCredit recommends a cash bond trade today on Sanofi-Aventis and Roche.

BBVA announces hybrids exchange offer
According to a regulatory filing at the London Stock Exchange yesterday, BBVA announced an offer to exchange any and all of the existing euro- and sterling-denominated tier-one hybrid securities.

Barcap names 'rising stars' in double-B and triple-B credits
Barcap analysts highlighted the potential 'rising stars' over the next year.

Barclays Capital presents bullish outlook
Barclays Capital’s quarterly research presents a bullish outlook on the global economic recovery.

UniCredit suggests negative basis trades on Volvo
UniCredit suggests negative basis trades on Volvo

Cash tender offers to extend Textron's maturity profile
Textron announced cash tender offers for up to $650 million outstanding of five series of securities

Volkswagen to issue bonds while appetite continues
According to UniCredit analysts Volkswagen is planning to issue €475 million in auto lease-backed bonds.

Mexican glass maker opts for debt-equity swap
Mexican glass maker Vitro announced on 10 September that it has presented a restructuring proposal to holders of three series of senior notes.

UniCredit recommends buying Lloyds' tier-one
UniCredit analysts recommend buying Lloyds’ 4.385% perpetual bond maturing in 2017 at 52, and selling the bank’s 7.375% perpetual bond maturing in 2012 at 80.