Equity derivs implied vol rises ahead of US election
Equity derivative implied volatility in the US has ramped up over the past week as opinion polls on the result of the election suggest a 'closer call'.
View ArticleGuala flies again in high yield market after four years away
Italy’s bottle top maker Guala Closures on Tuesday began roadshowing for a new deal to refinance all of its high yield bond debt as the market’s pipeline accelerates before the US elections.
View ArticleBanks join forces on repackaging standard
Four banks have teamed up with law firm Simmons & Simmons to introduce market standard documentation for use in listed and unlisted repackaging transactions.
View ArticleLevloan refi wave rises with Comexposium’s €394m deal
French trade fair organiser Comexposium on Wednesday joined the recent wave of refinancing offerings in the euro leveraged loan market with its own €394m offering.
View ArticleCerberus carves out new deal from Granite portfolio
US private equity firm Cerberus Capital Management has launched a new deal backed by UK mortgages from its portfolio of Northern Rock loans.
View ArticleTeleperformance may refinance $1.825bn M&A loan with PP
French firm Teleperformance has completed syndication of its $1.825bn acquisition loan, pulling in oversubscribed commitments and may refinance part of the loan with private placements, according to a...
View ArticleBlackbird spreads wings for ABS debut
Leased aircraft fund Blackbird Capital has debuted an $800m securitized offering in what industry players are calling the “last window of opportunity” for ABS issuers to sell bonds before the year is out.
View ArticleSirius offers rich returns to tempt the brave into $940m CB and share sale
Into a gloomy equity capital market where the expected line-up of deals has been decimated by investor risk-aversion, Sirius Minerals today launched a rare and challenging transaction, combining a...
View ArticleIFC shakes up SRI with forests bond
After three years of arduous development by the International Finance Corporation, the first 'forests bond' hit screens on Monday, and the issuer hopes to come back for more.
View ArticleOch-Ziff lands debut European CLO
US private equity firm Och-Ziff Capital Management closed its first European CLO on Thursday, as pricing of junior CLO debt defies the tightening seen at the top of the capital stack.
View ArticleMTN Leak: Election fever
It's approaching crunch time. The US Presidential elections are almost upon us and an awed hush has descended upon capital markets as perhaps the most important, most polarising and most vicious...
View ArticleNovember nerves hit corporate dollar bond supply
High grade dollar issuance got off to a slow start in November as event risk dominated the minds of borrowers and investors ahead of the US elections.
View ArticleECB adjusts guidelines to allow negative coupons, changes ABS haircuts
The markets haven’t accepted that negative coupon bonds could become anything but an anomaly, even in a world of ongoing quantitative easing and persistently low or negative rates — but the European...
View ArticleOCC moves to support fintech with new office
The Office of the Comptroller of the Currency (OCC) announced the opening of a new office dedicated to understanding and responding to fintech innovations affecting the federal banking system.
View ArticleSSAs ponder Brexit ruling as Aberdeen prints
A decision by the UK High Court on Thursday that the country’s parliament must vote to start the process of leaving the European Union could lead to market volatility in the weeks ahead, issuers and...
View ArticleEM enters US elections well-armed but shock Trump win would hurt
Emerging markets are well funded, though they are still not prepared for a Trump victory as the run-up to the US election enters the closing stages. While borrowers have completed the majority of their...
View ArticleUS elections spur corporate deal flow as issuers mull Trump scenario
Both investment grade and high yield corporate issuers pumped out primary paper at a vigorous pace this week, as they bore out volatility to get ahead of the November 8 US elections.
View ArticleSirius Minerals gets $855m for mine, CB already in the money
Sirius Minerals completed an $855m equity financing on Wednesday, for the first stage of its plan to build a fertiliser mine in a National Park in North Yorkshire. Priced on Thursday morning, the $400m...
View ArticleHuishang paves way for Chinese city bank AT1s
China’s Huishang Bank Corp sealed a lucky $888m additional tier one transaction on Thursday. The deal was not only the Chinese lender’s inaugural dollar-denominated AT1 but also the first from a city...
View ArticleRush of block trades before US election after Danske revives market
Equity block trade business came back to life this week, as sellers hastened to monetise stakes before the US presidential election.
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