BayernLB closes in on sterling Pfandbrief first
BayernLB was set to issue its first sterling public sector Pfandbrief on Thursday with the latest order book update suggesting it had made good headway by paying a super attractive spread.
View ArticleBank of Cyprus puts past behind it on tier two return
Bank of Cyprus raised £250m in its first new-style tier two transaction on Thursday, as the borrower found itself alone but well supported on its return to the European FIG market.
View ArticleNorwegian covered bonds set for rating boost
Norwegian covered bonds could be in line for a ratings bump following implementation of the Bank Recovery and Resolution Directive (BRRD) said Standard and Poor’s. Separately, tighter Norwegian...
View ArticleRMB internationalisation outlook: One hub to rule them all?
In the second part of the GlobalRMB’s outlook on renminbi internationalisation in 2017, market participants discuss the far-reaching impact of the recently-established New York hub.
View ArticleRMB internationalisation outlook: Hedge your bets
There is little doubt the RMB had a tough 12 months. But despite the headwinds, China has managed to push through landmark reforms to the capital account and more initiatives are in store for 2017. In...
View ArticleEgypt bond enters final stages with sellout roadshow
Arab Republic of Egypt’s roadshow schedule next week is packed out, suggesting ample interest in the sovereign’s slowly improving story as it nears its first bond sale in two years, according to...
View ArticleCORPORATE BOND PRICED DEALS TABLE
GlobalCapital's handy table of recently priced corporate bond issues, with links to the stories about them.
View ArticleShort core covereds bid after ECB removes negative yield floor
Core and non-eurozone covered bonds in the short to intermediate part of the curve were well supported on Friday after the European Central Bank said it would buy covered bonds with yield below its...
View ArticleRisk-weight changes prompt Close Brothers tier two
Close Brothers was warmly welcomed for a new £175m tier two issuance on Friday, as the bank sought to protect its capital ratios amid important changes to the way in which banks must calculate risk...
View ArticleCFTC allows US traders access to ICE Endex
The US Commodity Futures Trading Commission has issued an order of registration for Intercontinental Exchange's ICE Endex exchange, allowing participation by US based investors.
View ArticleTurkey and New Zealand gain EU reg equivalence
Supervisory and regulatory frameworks in Turkey and New Zealand can be regarded as equivalent to those in the European Union, according to details of a European Commission report released by the...
View ArticlePegas offers time spread trading
Pegas the European gas trading platform operated by Powernext has launched time spread contracts on its futures markets.
View ArticleImmofinanz tackles 2018 maturity with new CB, early conversion
Immofinanz, the Austrian property company, issued a €300m convertible bond in an evening bookbuild on Thursday night, alongside an incentivised early conversion of its €515m CB that matures in March 2018.
View ArticleUK DMO picks banks for next syndication
The UK Debt Management Office has named the group of banks that will sell its next Gilt syndication.
View ArticleFunding scorecard: European sovereigns
Find out how far European sovereigns have progressed through their funding programmes two weeks into the year.
View ArticlePrimary dealerships under scrutiny as Cred Ag drops three
Crédit Agricole has pulled out of the primary dealerships of three countries, the latest bank to scale down the number of countries in which it is active as a PD. It is unlikely to the be the last this...
View ArticleBlocks pace quickens as Dutch state sells €452m chunk of ASR
The acceleration of equity block trading in Europe continued on Thursday evening, when NLFI, the organisation that manages investments for the Dutch government, launched the sale of a 13.6% stake in...
View ArticleAmigo Loans' HY debut pays 7.625% coupon
The sterling high yield bond market on Friday priced its first single-B rated issue of the year, a £275m note from Amigo Loans, a UK consumer lender, with the third highest coupon in the past 12 months...
View ArticleUS mortgage applications decline year over year
The latest figures from the Mortgage Bankers Association show a small increase in mortgage applications during the first week of January, but year over year volume is down sharply.
View ArticleSlovenia mixes it up on mandates for dual tranche euro return
Slovenia is on track to become the first central and eastern European sovereign to tap the bond markets this year after announcing price for a dual tranche euro deal on Tuesday morning.
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