US CLO market cautioned against planning around reg easing
A debate among US CLO issuers around the potential for regulatory easing under president-elect Donald Trump could result in a slow start to the year, but sources say that it would be unwise for...
View ArticleNew Lending Club ABS to test market
A new deal backed by near-prime loans originated by Lending Club and issued by Jefferies, will be a litmus test for the state of the marketplace lending industry following a wave of losses reported on...
View ArticleItaly pressure resumes despite ECB backstop
Rumours of increased European Central Bank support have failed to take pressure off Italian sovereign credit default swaps, despite a rally on Tuesday, with the country resuming its widening divergence...
View ArticleCME gains CFTC approval for European clearing arm
CME Clearing Europe, CME Group’s London-based clearing house, has been approved by the US Commodity Futures Trading Commission as a derivatives clearing organisation (DCO).
View ArticleSam joins BTMU in senior event finance role
Bank of Tokyo-Mitsubishi UFJ (BTMU) has named Vivian Sam an assistant general manager of event finance at its Asian investment banking division (AIBD), in a new role for the former Citi acquisition...
View ArticlePandas and dim sum: A year of diverging fortunes
Panda and dim sum bonds are set to end 2016 with different outcomes with the former gaining plenty of traction as the latter suffers from a dire lack of appetite, according to GlobalRMB data.
View ArticleRonshine China rolls out debut with anchors
Ronshine China Holdings started taking orders for its inaugural international bond on Thursday. The deal was announced with substantial anchor orders following the roadshow, said bankers.
View ArticleIndonesia forms December habit as triple trancher launches
The Republic of Indonesia popped into the market Thursday morning, kicking off December with a new triple tranche dollar deal, the second year in a row it has hit the bond market in the last month of...
View ArticleRich block menu with Ascential, Playtech, MTN before Italy vote
The busy equity block trade action in Europe since the US election has continued into its third week, though market participants are beginning to brace for the outcome of the Italian referendum on Sunday.
View ArticleHonesty is the way forward 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 ArticleSuzano brings green bonds to Brazilian market
Pulp and paper producer Suzano has sold its second green bond and the first in Brazil’s domestic markets.
View ArticleOnline lenders should get used to hiccups, diversify funding - panel
Marketplace lending industry players speaking at the IMN conference in New York on Thursday noted that marketplace lenders need to understand the importance of both diversifying sources of funding, and...
View ArticleRenzi’s tantrum is a made-up crisis — fear Austria
Markets are obsessing about the Italian referendum on Sunday. Commentators are cramming everyone’s inboxes with warnings about how a 'no' vote on premier Matteo Renzi’s attempt to streamline Italy’s...
View ArticleElektra to prepay debt as Lat Am drought extends
Latin American issuers again showed no interest in cross-border new issue markets this week as Mexican retailer and financial services company Grupo Elektra said it would use domestic bonds to prepay...
View ArticleCitic Resources completes $310m self-arranged loan
Citic Resources Holdings signed a $310m three year self-arranged term loan on Thursday, with five banks joining the trade.
View ArticleTewoo Group picks banks for roadshow
Tewoo Group Co, also known as Tianjin Material & Equipment Group Corporation, is planning a return to the offshore bond market, having picked two firms to arrange roadshow next week.
View ArticleRMB round-up: Trade settlement loses ground, RQFII adds Thai first, Shenzhen...
In this round, up, cross-border RMB trade settlement falls further in Hong Kong, the RMB qualified foreign institutional investor (RQFII) scheme adds the first Thai asset manager, and the Hong Kong...
View ArticleMAS rebukes banks, Goldman banker over 1MDB breaches
The Monetary Authority of Singapore (MAS) has fined two more banks and sanctioned a former Goldman Sachs executive for breaches related to the disgraced Malaysian sovereign wealth fund 1MDB.
View ArticleHY opens December pricing euros and sterling after two week hiatus
Catalent Pharma and Thomas Cook — a reverse Yankee issuer and a UK holidays operator — on Thursday released guidance for high yield deals amounting some €900m in a market that has been mute since...
View ArticleECB defends higher repo costs for extendable maturity covered bonds
European Central Bank director general of market operations Ulrich Bindseil, said the central bank’s decision to raise repo haircuts for covered bonds with extendable maturities was purely for risk...
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