CSPP ready for the chop, say investors
A majority of credit investors believe the European Central Bank will begin to wind down its Corporate Sector Purchase Programme from April next year, according to a Bank of America Merrill Lynch...
View ArticleThe battle for infrastructure — and how to finance it
Suddenly infrastructure is the word on every Western politician’s lips. It has become an indispensable element of a re-election campaign, a weapon with which to fight back against populism and win over...
View ArticleVolvo Cars bags Skr5bn ahead of possible stockmarket return
Volvo Cars, the Swedish car company, which is wholly owned by Zhejiang Geely Holding of China, has raised Skr5bn ($530m) in a private placement of preference shares, which might be converted to listed...
View ArticleLife Healthcare to bring $750m rights issue for UK acquisition
Shares in Life Healthcare, one of South Africa’s leading private hospital operators, rose 1.5% on Tuesday after it said it would raise R10.7bn ($756m) in a rights issue to reduce its leverage after...
View ArticleAn MPS resolution would not be make or break for the BRRD
Europe’s bank recovery and resolution directive (BRRD) could face an important first test this month if Banca Monte dei Paschi di Siena fails to complete its rescue plan. But market participants should...
View ArticleSGX claims 'world's first' Shariah-compliant gold futures
The Singapore Exchange has received certification that its kilobar gold futures contract is now Shariah-compliant.
View ArticleEuronext in pole position to buy LCH.Clearnet SA
The London Stock Exchange has entered into exclusive talks with Euronext about selling it LCH.Clearnet SA, the LSE's French clearing subsidiary.
View ArticleTrump and the banks need to tread lightly around reg easing
Move over Hillary — the president-elect is now every American banker’s favourite politician, with bank executives citing confidence in the new administration and forecasts predicting a rip-roaring 2017.
View ArticleChexim hops on the green bond bandwagon
The Export-Import Bank of China raised Rmb1bn ($143.8m) from its debut green bond this month, marking the first green debt to be sold by a policy bank in the Mainland.
View ArticleBig oversubscription for HK$2.8bn Tricor LBO loan
Heavy demand for a HK$2.8bn ($361m) loan for Permira's leveraged buyout of Tricor Holdings has led to a big scaleback in allocations to banks.
View ArticleCDB seeks IPO for securities unit after $518m injection
China Development Bank Corp’s securities arm has net more than Rmb3.6bn ($518.3m) from two state investors in a prelude to an IPO.
View ArticleCaverion signs post-restructuring term loan
Finnish-headquartered property materials firm Caverion Group has signed a €60m unsecured term loan after restructuring in 2016.
View ArticleWorld Bank group member to enter capital markets
The International Development Association will begin to issue international bonds as part of a large scale-up of its activities.
View ArticleState recapitalisation looms for Monte dei Paschi di Siena
A private sector recapitalisation of the ailing Italian bank, Monte dei Paschi di Siena, is looking increasingly unlikely, following the limited take-up for the liability management exercise and low...
View ArticleFinancial services and Brexit: a certain uncertainty
The immediate aftermath of the UK’s vote to leave the EU reflected the oft-repeated mantra that financial markets hate uncertainty with the value of the pound, plunging around 15% against the dollar to...
View ArticleSpanish banks fail mortgage floor judgement
The European Court of Justice ruled against the Spanish banking sector on Wednesday, a surprise judgement which could hit the capital ratios and interest income of several banks in the sector,...
View ArticleCiti, EIB, EBRD back Greek SME ABS
Alpha Bank has placed a Greek SME CLO with Citi, the European Investment Bank, and the European Bank for Reconstruction and Development.
View ArticleSuzano eyes more green after breaking Brazilian ground
Brazilian company Suzano Papel e Celulose, which sold green bonds both internationally and domestically this year, is keen to issue more green bonds when it has eligible projects to fund, according to...
View ArticleInsurance companies shed CMBS, shift to direct lending
Holdings of US CMBS at the largest life insurance companies have dropped in recent years, as they shift their focus more to originating and holding commercial real estate (CRE) loans, according to...
View ArticleSutures India, Barbeque Nation eye 2017 listings
Sutures India has called for pitches from banks as it prepares to raise more than $100m in an IPO next year, said bankers close to the matter.
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