The GlobalCapital DCM poll of heads of debt capital markets
Global Capital’s Toby Fildes interviewed the heads of debt capital markets at 20 of the top 25 banks in late November and December, to ask their views on how the market will evolve in 2017. Here are...
View ArticleBetting on a risky year
Toby Fildes looks ahead to an even bumpier ride in 2017 when Fed rate rises might be the least of the global capital market’s worries.
View ArticleLegacy assets: the future of dealing with the past
Sales of legacy and non-core loans have soared to new heights in the last two years. But making a dent in the €2.3tr still on bank’s balance sheets will only get more difficult in 2017, writes Graham...
View ArticleFrance turns green for '17
France has wasted little of 2017 in getting its green bond to market having missed the chance to be the first sovereign to print in the format when Poland brought a deal at the end of last year. It...
View ArticleFinancial institutions bond awards
FIG issuers had a tough time navigating the primary markets in 2016, which was speckled with periods of intense volatility.
View ArticleSovereigns, supranationals and agencies deals of the year
As a year where political upsets became the norm drew to a close, GlobalCapital picks the standout trades from a turbulent 2016.
View ArticleTang: Europe will set ‘world standard’ for ABS risk retention
Dutch MEP Paul Tang, the European Parliament’s rapporteur for the “simple, transparent and standardised” securitization framework, has defended his proposed amendments to the bill, arguing that Europe...
View ArticleElysium Healthcare loan spills into new year pipeline
Syndication of Elysium Healthcare’s reduced £133m loan has spilled over into 2017 at the investors’ request, according to a banker on the deal, as the European leveraged loan market returns with...
View ArticleProfi loan group swells as leads price to early birds
Loan facilities backing Mid Europa Partners’ acquisition of Romanian retail chain Profi Rom Food will go into general syndication this month, with a fifth bank joining the bookrunners and tranche...
View ArticleCorporate and high yield bond deals of the year
It was a record breaking year for investment grade corporate bond issuance in 2016, both in overall volumes and individual deal sizes. Not only was a diverse base of issuers able to access the euro...
View ArticleAlno’s new shareholder fails to soothe market scepticism
German kitchen furniture maker Alno AG started the year with improving earnings data and a new major investor, private equity firm Tahoe, but analysts and bondholders are still unconvinced by the credit.
View ArticleRCI Banque's early start bodes well for issuers' NIPs
Renault Credit International Banque, the finance subsidiary of Renault, became the first corporate bond issuer of 2017 on Tuesday, slipping through the year’s earliest possible window to issue in euros.
View ArticleBank of Ireland closes €3bn risk transfer deal
Bank of Ireland has structured a synthetic securitization to transfer the risk exposure on a pool of €2.9bn business banking and corporate loan assets to a small group of international investors.
View ArticleBarclays goes super long as Yankees price over $11bn
Barclays pulled in $1.5bn for a 30 year senior bond as part of a four-tranche offering worth $5bn, as five Yankee FIG borrowers powered through the first global window of 2017.
View ArticleABN extends covered curve
ABN Amro issued its third 15 year covered bond in three years on Wednesday and, in a surprise late addition, tacked on a sub-benchmark 20 year.
View ArticleVenezuela sells $5bn of bonds to itself
Cash strapped Venezuela has issued $5bn of 20 year bonds in a private placement sold to state-owned Banco de Venezuela and the central bank.
View ArticleBank of Cyprus makes ‘first throw of the dice’ for T2
Bank of Cyprus announced a roadshow for its first new style tier two bond on Wednesday, in a move that will shed light on the strength of risk appetite in the FIG market as investors take a close look...
View ArticleSecuritization doesn’t weaken credit standards, says Basel committee
In a study of Italian loans to small and medium sized enterprises, a new research paper published by the Bank for International Settlements on Tuesday said there is no evidence to suggest...
View ArticleSpie weighs up options to fund SAG Group LBO
French technical and energy services company Spie is mulling its options for the acquisition financing of German peer SAG, but a company source dismissed talk of an imminent high yield offering.
View ArticleBMW revs up €2bn dual tranche as corporate issuance surges into new year
BMW formed part of the auto sector’s traditional charge from pole position into the first corners of the corporate bond market on Wednesday, beginning the new year with a dual tranche trade that paid...
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