Innogy passes first hurdle in €10bn debt transfer
Innogy, the renewables, retail and grids subsidiary of RWE, is on course to receive €10.1bn of bonds from its parent after gaining approval from a majority of bondholders for a consent solicitation...
View ArticleVietJet closes biggest Vietnam IPO with $167m in the bag
VietJet Aviation sealed Vietnam’s largest IPO this week, pricing the D3.79tr ($167m) trade in the lower half of expectations and becoming a rare bright spot in an otherwise patchy market for stock sales.
View ArticleEBA eyes lower MREL needs in final report
The European Banking Authority published its final report on the design and implementation of the minimum requirement for own funds and eligible liabilities (MREL) this week, drastically reducing its...
View ArticleFormer Peruvian MinFin replaces García as CAF head
South American development bank Corporación Andina de Fomento (CAF) has elected Luis Carranza Ugarte, the former Peruvian finance minister, as executive president.
View ArticleUK accounts show up in force for first senior non-preferred
UK and Irish investors took the market by surprise hoovering up over 40% of Crédit Agricole’s market opening senior non-preferred trade this week, though French accounts took the bulk of Société...
View ArticleFingers crossed for ECM after tumultuous 2016
After the wild ride that was 2016 ECM, banks in Asia are hoping for some breathing space next year. Bankers report a strong pipeline, but worries about Donald Trump and other potentially destabilising...
View ArticleChina Vanke brings home $600m in market return
China Vanke Co bagged $600m on Thursday from its first international bond in more than three years, sneaking into the market the day after the Federal Reserve announced a rate hike.
View ArticleAstra ends two year absence with $200m club
Indonesian conglomerate Astra International is in the process of putting together a group of lenders to supply its latest $200m loan.
View ArticlePacker cashes out of Melco Crown with $670m block
Australian casino tycoon James Packer sold his stake in Melco Crown Entertainment, his Asian joint venture with Hong Kong magnate Stanley Ho, in a $669.9m overnight bookbuild on Thursday.
View ArticleGE France empties cover pool of mortgages
GE SCF, the French covered bond programme originally issued by GE Money Bank France, has been emptied of its mortgage collateral and effectively converted to a public sector programme.
View ArticleSSA secondary pricing update: after the Fed rate rise
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 ArticleHSBC names e-trading heads
HSBC has announced three appointments in its e-trading business, which, according a memo seen by GlobalCapital, 'plays a pivotal role in the transformation of our fixed income business'.
View ArticleICE named secretary of credit derivs determinations committees
ICE Benchmark Administration, a unit of Intercontinental Exchange, is to assume the secretarial role on the credit derivatives determinations committees previously held by the International Swaps and...
View ArticleEU grants CCP equivalence to 10 jurisdictions
The European Commission has determined that India, Brazil, New Zealand, Japan Commodities, United Arab Emirates and Dubai International Financial Centre have equivalent regulatory regimes for central...
View ArticleElysium Healthcare cuts loan following rent agreement
Elysium Healthcare, the property portfolio being spun out of the Priory Group to Bridgepoint, has cut its sterling loan offering to £133m after reaching a ground rent agreement mid-transaction.
View ArticleEurope sets sharp deadline for initial margin rollout
Major banks face a tight run-in to meet European initial margin rules on uncleared derivatives, with a January 16 deadline giving little time to make final preparations once market participants return...
View ArticleUnicaja picks UBS to sell chunk of Iberdrola after rally
Unicaja Banco sold a €192m block of shares in Iberdrola, the Spanish electricity company, on Thursday night, in an accelerated bookbuild led by UBS.
View ArticleGlobalCapital US ABS Awards: Call for Nominations
GlobalCapital is taking nominations for its annual US ABS awards.
View ArticleExpect larger volumes from foreign issuers in Swiss market
The Swiss market shed roughly Sfr3bn ($2.93bn) of foreign issuance this year from last year. Expensive basis swaps and cheap funding for investment grade borrowers in euros and dollars drew foreign...
View ArticleKfW caps off sterling’s record December
KfW placed its final deal of the year on Tuesday, tapping a short dated sterling line and making this the busiest December for offshore SSA sterling issuance in over a decade.
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