Pfandbriefe boosted by German fight against rising house prices
German Pfandbriefe have received a boost, according to Moody's from the German finance ministry, which is tightening lending standards in the country's housing market to counteract rising prices caused...
View ArticleThree new CLOs close out one of 2016’s best weeks
The US new issue CLO market finished last week with a flurry of deals.
View ArticleExterion saves refi from Brexit mis-step with 825bp spread
Though the UK referendum in June derailed the advertising firm Exterion Media's bid for a £220m loan, the company has returned and closed the offering, cutting the deal size and ramping up the margin...
View ArticleTPI to distribute data for 50 digital currencies
Tullett Prebon Information has signed a deal with digital currency and asset news, data and resource provider Brave New Coin to distribute intraday pricing to TPI’s customers for 50 digital currencies.
View ArticleNovember fears spook SSA markets
The public sector bond primary market’s run of strength has come to an end as dealers and borrowers turned their attention to the panoply of risks facing them in the weeks to come.
View ArticleAcciona allocates €150m green Schuldschein near loan pricing
Acciona, the Spanish infrastructure and renewable energy firm, has allocated its first Schuldschein, growing the deal by €50m and securing about the same pricing, if not cheaper, than its latest...
View ArticleEuropean ABS investors still hungry despite supply surge
Despite a rush of new deals in recent weeks, European ABS deals are seeing healthy demand through the capital structure. French RMBS supply was well absorbed last week with Dutch and UK paper expected...
View ArticleEuropean holidays hold back issuance, no bad thing say bankers
As many market participants predicted at the end of last week, Monday was an empty day for primary issuance in the investment grade corporate bond market. The pause will have its benefits, thought some...
View ArticleThe fairy techmother: SoFi insurance shakeup needs to happen
SoFi, which is planning to act as an insurance broker for Protective Life Insurance Co, needs to wave its magic wand and transform an industry crippled by traditional methods of distribution.
View ArticleEuropean CLO managers eye refis as loan rally bites
With Europe’s leveraged loan market undergoing a "repricing frenzy", CLO managers are looking to refinance deals coming out of non call periods over the next few months in order to protect equity...
View ArticleIFC debuts 'forests' bond
The International Finance Corporation has launched the world's first 'forests' bond, which offers investors the option to receive coupons in the form of carbon credits or in cash.
View ArticleJust hot air? If green bonds work, why not vape bonds?
Tobacco firms are ramping up their presence in the e-cigarette business — whether by purchasing existing producers or developing their own products — as smokers slowly shift towards what most experts...
View ArticleArdian to fund SLV buyout with €397m levloan
Private equity firm Ardian has turned to the leveraged loan market to fund its acquisition of German lighting provider SLV Holding from Cinven.
View ArticleCarney chaos confirms Brexit Britain as banana republic
Mark Carney is neither rockstar nor traitor, but with any luck, he'll be a safe pair of hands for sterling over the remains of his term as Bank of England governor. Nonetheless, his recent treatment at...
View ArticleFINCAD F3 adds securitization analytics
Derivatives and fixed income valuation and risk analytics provider FINCAD has added securitization to its coverage.
View ArticleCME to introduce contracts to trade the precious metals spot spread
The Chicago Mercantile Exchange will start trading commodity spot spread contracts on gold and silver, including an exchange based mechanism to offset COMEX gold and silver futures positions.
View ArticleCFTC opens up European exchanges for direct access
The U.S. Commodity Futures Trading Commission has given permission, via orders of registration, for five European exchanges to allow direct trading access from the US.
View ArticleAberdeen City Council banks £370m with debut deal
Aberdeen City Council was able to raise £370m on Tuesday with a bond issue that was the first ever from a sub-sovereign Scottish borrower.
View ArticleMoody's UK credit rating comments 'priced in'
Worries that the UK could lose access to the single market are already largely priced in, said SSA bankers, as Moody's warned that it could downgrade the sovereign if access is not part of a deal with...
View ArticleCLO managers bear the cost of loan repricing
With aggressive leveraged loan repricing hitting the returns to CLO structures, managers are taking a variety of steps to protect their portfolios.
View Article