Rates volatility keeps covered bond investors sidelined
Though several core covered bond issuers are monitoring the market, rates volatility is likely to keep many investors sidelined next week, unless deals have convincing new issue premiums and short...
View ArticleVPower nets HK$1.6bn from listing
Hong Kong’s VPower Group International Holdings has raised HK$1.61bn ($206.3m) after pricing its IPO just off the bottom of guidance, according to a banker close to the deal.
View ArticleFreddie Mac wraps final whole loan sale of 2016
Freddie Mac this week completed the final sale of whole loan mortgages of 2016.
View ArticleFunding scorecard: supranationals
This week's scorecard looks at the progress supranationals have made in their funding programmes.
View ArticleRussNeft opens books for $500m IPO as peers hit highs
RussNeft, the Russian oil company controlled by Mikhail Gutseriev, published today (Friday November 18) the price range for its IPO in Moscow, and opened the book at 10am Moscow time this morning.
View ArticleUK DMO picks banks for linker syndication
The UK Debt Management Office has selected its syndicate and announced the maturity for its upcoming index-linked syndication.
View ArticleIPO market loses to private equity as Elsan buys MédiPôle
MédiPôle Partenaires, the French private hospital group, has abandoned plans for an IPO after sponsor Bridgepoint decided to sell it to its competitor Elsan, owned by CVC, instead.
View ArticleSherwood bids farewell after 30 years at Goldman
Michael Sherwood, co-CEO of Goldman Sachs International since 2005 and probably the most senior and highest profile investment banker in London, announced his retirement from the firm on Monday, after...
View ArticlePost-Trump yield bump boosts callable zero bid
Appetite for 30 year callable zeroes in dollars has been bolstered by Donald Trump’s victory in the US elections and the resultant hike in bond yields around the world.
View ArticleTwo new deals swell Euro CLO momentum
Issuers priced two new European CLOs at the end of last week, as Ares Management rolled out its new risk retention vehicle and Halcyon Loan Advisors priced its second European CLO in the 2.0 era.
View ArticleUS CLO issuers sprinting to year end, but fear 2017 volatility
US CLO managers are running at full speed to get deals done before the end of the year, but some are already beginning to express concerns that January 2017 could look disappointingly similar to the...
View ArticleCoventry mandates as covered bids disappear
Coventry Building Society has mandated leads for a roadshow ahead of a possible €500m seven year. The announcement follows further rates volatility and the withdrawal of most bids in the secondary market.
View ArticleDistiller Arcus covers Nkr1.5bn IPO on day one
Arcus, the Norwegian distiller owned by private equity group Ratos, opened the books for its Nkr1.5bn ($188m) Oslo initial public offering on Monday and was covered at its maximum size by the afternoon.
View ArticleICAP hires post-trade development head
ICAP has named a head of post-trade product client development.
View ArticleEQT to exit Dometic with final $574m clean-out ABB
Tonight, EQT is selling the final 27.35% stake it holds in Dometic Group, the Swedish company that makes fridges and freezers for boats and camper vans, through an accelerated bookbuild launched after...
View ArticleGTX hires CEO for swaps execution facility
GTX, the institutional foreign exchange trading arm of GAIN Capital, has named a chief executive of its swaps execution facility.
View ArticleUS DoE issues residential PACE framework
The US Department of Energy (DoE) released its updated residential Property Assessed Clean Energy (PACE) best practices framework on Friday, paving the way for the energy efficiency loan program to...
View ArticleAbengoa is dead, long live Abengoa!
Shareholders of Abengoa on Tuesday endorsed a landmark debt restructuring for the renewable energy company — and averted the largest corporate bankruptcy in Spain’s modern history.
View ArticleSlew of European consumer ABS paper lines up
Italian, UK and German consumer ABS deals are being readied for launch, despite calls last week that the primary pipeline was running out of steam.
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