Etihad Airways schedules first MidEast Schuldschein for €150m
Abu Dhabi airline Etihad Airways has launched a Schuldschein for €150m denominated in euros and dollars, the first ever for a Middle East borrower, according to one market participant.
View ArticleYIT signs €200m refi deal, adds new lender
Finnish construction company YIT has completed a €200m deal with six core banks. The company saw one original lender replaced in an otherwise unchanged syndicate.
View ArticleCrédit Agricole’s ambitions stir in corporate finance
Crédit Agricole CIB has been overhauling its investment bank and strengthening its previously debt-focussed offering into a corporate finance proposition. It’s bringing in results, writes David Rothnie.
View ArticleTurbulence returns to corporates after window of M&A bliss
After two days of jumbo deal excitement, uncertainty returned to the corporate bond market as debut issuer Benteler Inernational pulled its debut deal.
View ArticleCBOE all smiles with vol index launch
This week, the Chicago Board Options Exchange (CBOE) launched a volatility smile index the tracks the steepness of the implied volatility curve of S&P 500 index options.
View ArticleCerberus scoops up remaining CHL mortgages from PTSB
US private equity giant Cerberus Capital Management has bought the final £2.3bn portion of Permanent TSB’s Capital Home Loans portfolio, adding further likely supply of UK RMBS to the pipeline.
View ArticleMoves in Brief — October 28, 2016
JP Morgan trading boss leaves job - BNPP seeks bigger private equity wallet share with senior hire - Ardian appoints co-head of private debt - Goldman Sachs boosts EM trading desk
View ArticleHSBC eyes opportunities in PACE as asset class booms
HSBC USA is said to be exploring opportunities in Property Assessed Clean Energy (PACE) ABS as the asset class enters the homestretch of a breakout year, people with knowledge of the matter said on...
View ArticleWind Hellas adds Greek flavour to HY feast
Greek telecommunications firm Wind Hellas joined the spate of European high yield issuance on Tuesday with a roadshow for €250m of notes, the third Greek high yield offering since mid-September.
View ArticleAhlsell leaps 22% after Stockholm IPO prices low
Shares in Ahlsell, the Swedish wholesaler of plumbing and electrical installation products, closed 21.7% higher on Friday when they began trading after the company raised Skr6bn ($671m) in the largest...
View ArticleHong Kong IPO probe looms over UBS as equities drag IB results
UBS's investment bank posted a 68% year-on-year drop in pre-tax profit in its quarterly results on Friday. The bank also warned it could face the possible suspension of its Hong Kong corporate finance...
View ArticleInteroute refis floater with loan, Exterion Media closes div recap
Interoute, the UK data networks and centres company, has scheduled bank meetings for Monday in London for a €250m seven year term loan ‘B’, to refinance floating rate notes issued last year. Exterion...
View ArticleNew Brunswick makes splash in Swiss choppy waters
The Province of New Brunswick on Friday broke Canadian sub-sovereigns' silence in the Swiss market, printing well above its minimum size target despite choppy conditions.
View ArticleOwens Illinois toasts lively euro high yield for €600m bond
US glass container manufacturer OI on Thursday added its deal, a loan-to-bond refinancing, to a high yield market scoreboard already loaded with another seven offerings.
View ArticleLadbrokes rolls tender as Together, Enterprise Inn signal sterling HY back
Mortgage lender Together on Friday accelerated the pricing of its PIK bond in a sterling market still cautious after last week’s cancellation but geared with a new offering from betting house Ladbrokes.
View ArticleNational Express books £1bn of orders in volatile sterling market
National Express, the UK coach operator, tapped the sterling bond market on Friday with a £400m seven year trade that swerved volatility in the Gilt market.
View ArticleSecondary pricing table: featuring World Bank's dollar dual tranche
Trading levels given are bid-side spreads versus mid-swaps and/or an underlying benchmark as of Thursday's close. The source for secondary trading levels is Interactive Data.
View ArticleGlobalCapital heads of corporate DCM poll
Ross Lancaster interviewed the heads of EMEA corporate debt capital markets at 11 of the top 20 banks asking their views on the market. Here are the results.
View ArticleTight round for Enterprise Inn’s £250m refi bond
UK pub operator Enterprise Inn on Monday printed its new sterling notes at maximum size, winning the minimum coupon that it had promised to investors.
View ArticleAfDB pounces on Kanga as funding needs increase
The African Development Bank added a A$30m ($22.8m) tap to its June 2026 Kangaroo line on Monday.The trade could precede more issuance in this market from the borrower as it grapples with a ramped up...
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