Places for People wakes ORB market up before Christmas
UK housing company Places for People on Monday opened books for a sterling retail bond on Monday, the market's fourth deal of the year.
View ArticleDistiller Arcus trims IPO pricing, multiple times covered throughout
The IPO of Arcus, the Norwegian distiller owned by private equity group Ratos, is multiple times covered within its revised price range.
View ArticleDNA’s IPO oversubscribed as foreign investors pile in
DNA, one of Finland’s largest telecommunications companies, has revised the price range for its Helsinki IPO to the lower middle end of its initial range, having gathered a book two thirds made up of...
View ArticleLatest PACE deal prepped, as market looks to build on success of 2016
Residential Property Assessed Clean Energy (PACE) issuer Renovate America is preparing to issue its final securitization of 2016, as market participants hope for the emergence of a strong secondary...
View ArticleFocus shifts to MSCI after Shenzhen Connect
The launch of Shenzhen-Hong Kong Stock Connect is an exciting development but of more importance is whether this further opening up of China’s capital account increases the odds of A-shares making it...
View ArticleChina's SPIC powers up dual-trancher
State Power Investment Corp (SPIC) kicked off this week's Asia bond market, opening books to a dual-tranche offering on Tuesday morning Asia time.
View ArticleGFMA announces leadership changes
Global Financial Markets Association (GFMA) announced a series of management changes on Monday US time, including the appointment of a new chief executive officer.
View ArticleIndia IPO round-up: Laurus Labs and Sheela Foam
Laurus Labs is raising as much as Rp13.6bn ($198m) from an IPO in India which will open books early next month, after setting the terms of the transaction.
View ArticleEU blunts the teeth of money market rules
The European Union has allowed lobbyists to blunt the teeth of its long-awaited money market fund reform act.
View ArticleNo fireworks in NPL securitization
Non-performing loan securitization is being pushed as a solution to Europe’s banking woes. The market has potential, but expecting a wave of issuance, rather than a trickle of piecemeal deals, is...
View ArticleRM Capital to float direct lending fund for £100m
Edinburgh's RM Capital has announced plans to float its secured direct corporate lending fund on the London Stock Exchange in December.
View ArticleHonesty is the best policy for PDVSA and Venezuela
PDVSA is doing itself no favours by bending the truth about its financial situation. Bondholders are under no illusions about its troubles, so the company might as well be open with them.
View ArticleThe market will come to appreciate ECB’s leveraged lending rules
The ECB’s announcement it was planning leveraged lending rules for the banks it supervises has been polarising, confusing, and often emotional. But the market will come to appreciate it in time.
View ArticleUS CLO managers ready final push of 2016
US CLO issuers are rushing to market, flooding the pipeline and looking to price at least seven deals before the market effectively shuts ahead of risk retention implementation.
View ArticleHunt auto deal latest to feature longer loan terms
Huntington National Bank priced its sole prime auto deal of 2016, the latest in a slew of auto ABS offerings to feature a higher amount of loans with longer terms, a trend the market views as a risk to...
View ArticleCorporate bond investors prepare for life after CSPP
The one way bet on spreads that has made investors rich in the European corporate bond market over the last year will be replaced by trickier but potentially more lucrative gambles in the financial,...
View ArticleShinhan Bank seeks second tier two
South Korea's Shinhan Bank opened books to its second dollar tier two deal of the year Wednesday morning.
View ArticleThe webinars from GlobalRMB & CEIC are now available
The webinars produced in collaboration with CEIC are now available for anyone who might have missed them.
View ArticleSecond Ascential block, as Anglo-American exits Exxaro
Tonight, Apax and Guardian Media Group are selling another 15% of Ascential, the UK events and publishing company, while Anglo-American is divesting its entire stake in Exxaro, the South African coal...
View ArticleBE Semiconductor’s €125m CB prices at best end
BE Semiconductor Industries launched its first convertible bond for nearly 12 years today, and obtained very attractive terms, showing that investors are very much open to classic CB market stories:...
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