‘Extra caution’ advised for 2017 political risk
European public sector issuers are gearing up for another year of potential political turbulence, with the trend for pollsters to fail to call results — as seen with the election of US president-elect...
View ArticleCredit Suisse picks Forrester for broking
Credit Suisse has recruited the former head of UK equity capital markets at Nomura as part of plans to beef up its corporate broking business.
View ArticleEquities reprieved after Trump win, but market news-sensitive
Equity specialists marvelled again this week at the capacity of markets to surprise, as despite a strongly held consensus that shares would tumble if Donald Trump won the US presidency, the New York...
View ArticleCFTC demands $38m from S&P futures spoofer Sarao
The US Commodity Futures Trading Commission has requested more than $38m in monetary sanctions against UK based trader Navinder Singh Sarao over S&P futures 'spoofing' allegations.
View ArticleThe Trump trend is not your friend
This week, those in the capital markets showed it’s not just electorates that can deliver surprises. Investors got one back — by making markets rise on a shock Donald Trump election victory.
View ArticleMarkets survive The Donald as GOP sweeps US
An upset in the US presidential election overnight on Tuesday caught the world and its capital markets off-guard. Just like the Friday morning after the Brexit vote many awoke seemingly unprepared for...
View ArticleMexican issuers face wall of uncertainty amid rout
The benign reaction across capital markets to Donald Trump's surprise US presidential election victory did not spread as far as Latin America. A brutal sell-off on Thursday further complicated an...
View ArticleLat Am HY trio on hold as Trump sell-off hits
Bankers said that none of the three names in the visible Lat Am pipeline would be likely to issue any time soon as a sell-off in US rates brought sudden volatility to EM bond markets, even in economies...
View ArticleRoyal Industries faces deadlock on waiver request
Banks are yet to reach a unanimous decision on relaxations sought by Royal Industries Indonesia, which defaulted on the first principle repayment of a dual tranche loan first signed in 2015. All...
View ArticleHindalco mulls first equity fundraise since 2009
Hindalco Industries, the flagship metals arm of Indian conglomerate Aditya Birla Group, said it is considering an equity raise that will be the company’s first in seven years, as its shares trade near...
View ArticleSinar Mas eyes Singapore for $800m trust IPO
Indonesia’s Sinar Mas Group is planning to float its power assets on the Singapore Exchange (SGX) through a potential $800m IPO, according to a source familiar with the matter.
View ArticleAdani Ports, Kangde Xin ready new deals
Adani Ports and Special Economic Zone, one of India’s largest port operators, is planning a comeback to the international bond market after more than a year.
View ArticleLondon not giving up on RMB dream just yet
The London RMB hub has been under threat from the Brexit vote, but China seems keen not to jump ship yet. The latest round of meetings have yielded a commitment to launching the long-promised...
View ArticleSole LGFV prices in quiet post-Trump market
Chinese local government financing vehicle Gansu Provincial Highway Aviation Tourism raised $500m on Thursday in the nearly silent, post-US election DCM market in Asia.
View ArticleCounterparty credit in sights for derivs risk mitigation service
Quantile Technologies and AcadiaSoft have teamed up on a service aimed at reducing counterparty credit risk for derivatives market participants.
View ArticleSecondary pricing table: featuring the DMO's 4bn tap
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 ArticleYield rise opens door to shorter covered bond tenors
The sharp rise in yields that followed this week’s US election has improved yields bringing the five year tenor back into play in covered bonds. But the sell-off in OATs has left French covered bonds...
View ArticleFunding scorecard: Nordic agencies
This week's funding scorecard looks at the progress Nordic agencies have made in their funding for the year.
View ArticleRussNeft presses ‘go’ for IPO after Trump win lifts Russia
RussNeft, the Russian oil company controlled by its chairman Mikhail Gutseriev, is moving ahead with plans to float in Moscow this quarter.
View ArticleThe prodigal Søren: SSA veteran returns to head AIIB treasury
A former supranational funding head is returning to the SSA market to become the treasurer of the Asian Infrastructure Investment Bank.
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