Abbvie pushes jumbo deal through rates volatility
US pharmaceutical company Abbvie hit the corporate new issue market on Monday, making its euro debut against a volatile backdrop in government bonds that dampened investors’ appetite for longer dated...
View ArticleSofter demand seen for Granite leftovers
Cerberus Capital Management sold a second deal backed by its portfolio of former Northern Rock loans last Friday, but the spread widening and coverage levels on the senior notes could be a sign...
View ArticleESMA wants delay in central clearing for small counterparties
The European Securities and Markets Authority has called for a two year delay to rules requiring smaller financial counterparties to centrally clear derivatives trades.
View ArticleCME starts trading volatility-quoted FX options
The Chicago Mercantile Exchange has introduced a new method of trading six FX option products, by using volatility-quoted prices.
View ArticleBank of Scotland plans new UK RMBS master trust deal
Bank of Scotland is to follow Yorkshire Building Society into the prime UK RMBS market, with UK institutions expected to remain active in the market despite the availability of cheap funding from the...
View ArticleCLO market pushes on unfazed by election result
US CLO market players have quickly moved past the shock result of last week's presidential election, refocusing on the US risk retention deadline on December 24.
View ArticleSoFi brings pair of ABS offerings to market
SoFi is marketing a $213.6m consumer loan ABS and a $584.4m student loan refinancing transaction, as the ABS primary market moves into the home stretch of 2016.
View ArticleTrumpin' the renminbi
The shock victory of Donald Trump in the US presidential elections on November 9 is already having an impact on the RMB, with the currency weakening to new record lows. We gathered some of the key...
View ArticleTrump’s trade wars put US capital markets at risk
Last week marked what looks like the death of the Trans Pacific Partnership (TPP), a comprehensive trade agreement that would have heralded closer integration between the US and the high growth...
View ArticleSEB makes convertible debut with €150m negative yielder for M&A
Groupe SEB, the French maker of household appliances, issued its first convertible bond today, raising €150m at a negative yield, as part of the financing for an acquisition.
View ArticleGiancarlo not Trump can make regulation great again
Rather than wailing about a regulatory Trumpocalypse, those who care about the health of financial markets should seize upon last week’s shock US presidential result to help bring about meaningful and...
View ArticleDubai equity futures draw second market maker
The Nasdaq Dubai Futures Exchange has signed up National Bank of Abu Dhabi as a second market maker for its equity futures.
View ArticleTrump shows the eurozone what growth costs
Donald Trump is espousing a position long held by ECB president Mario Draghi: monetary policy is not the whole solution. It's time to get building.
View ArticleBusy week for blocks as Moneta Money Bank, MorphoSys, and Nordax come to market
The bounce in international equities since the election of Donald Trump as US president was widely expected by market participants to lead to a round of block trades as sellers looked to take advantage...
View ArticleFreddie Mac settles on 2017 CRT calendar
Freddie Mac has released its issuance calendar for credit risk transfer (CRT) transactions in 2017, looking to increase its flexibility in when to issue deals in the coming year.
View ArticleThe covered bond party is over
Issuers and their bankers have been too slow to react to the swift change in sentiment since the US election. That oversight became glaringly obvious this week with deals from BBVA and ANZ, but the...
View ArticleTullett gets FCA nod for ICAP buyout
Tullett Prebon has obtained approval from the UK’s Financial Conduct Authority for its proposed acquisition of rival interdealer broker ICAP’s global hybrid voice broking and information businesses.
View ArticleBayer’s €4bn monster CB comes overnight, already covered
The deal the equity-linked bond market has been awaiting for months has arrived this evening. Bayer, the German life sciences group, has launched a €4bn mandatorily convertible issue as the first part...
View ArticleBNG comes up just short as investors digest Trump presidency
Bank Nederlandse Gemeenten has fallen just shy of full subscription with its first ever dollar sustainability bond, as bankers lamented a volatile backdrop in one of the last clear funding windows of...
View ArticleJefferies arranges second Lending Club ABS
Jefferies is marketing a second securitization backed by Lending Club collateral, but ABS players have expressed mixed reactions to the offering, citing lackluster performance of previous deals and...
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