Axa takes ultra-long covered bond funding
The French issuer, Axa Bank, has launched a sub benchmark covered bond with a 15 year maturity which closely matches the long dated assets on its balance sheet. This deal is likely to be the last deal...
View ArticleHSBC appoints global head of sponsors account coverage
HSBC has hired a new global head of account coverage within its financial sponsors group, following its reorganisation of the division last year.
View ArticleAareal takes aim at a long five year Pfandbrief
The German real estate lender, Aareal Bank, has mandated leads for a euro-denominated five year German mortgage-backed covered bond.
View ArticleDouglas shops for refi in January sale
Douglas, the German retailer, has launched a refinancing of a €1.37bn seven year term loan ‘B’, as the firm comes out of soft call protection from its last repricing in mid-2016.
View ArticleTrafigura launches $1.5bn revolver
Trafigura, the Swiss commodities trader, has launched a multicurrency revolving credit facility to refinance the deal it signed in March last year.
View ArticleVodafoneZiggo tunes in JV refinancing
VodafoneZiggo, the newly formed joint venture between Vodafone and Liberty Global-owned Ziggo, has launched a €1.5bn-equivalent term loan package with a lender call at 4pm London time on Tuesday.
View ArticleFresenius brings first M&A jumbo deal of the year to euro market
German healthcare group Fresenius brought euro corporate bond investors their first jumbo deal of the year on Tuesday as it financed its acquisition of Spanish hospital operator QuironSalud.
View ArticleThames Water washes through sterling market on May day
Thames Water, the UK water supplier, shrugged off currency market nerves over UK prime minister Theresa May’s speech about the UK's departure from the EU on Tuesday to engage sterling bond investors...
View ArticleSmurfit Kappa launches drive by benchmark deal
Paper packaging maker Smurfit Kappa launched a drive by benchmark euro offering on Tuesday, as it looks to refinance existing securitisation facilities.
View ArticleVirgin Media joins sterling high yield spike
UK cable and mobile operator Virgin Media on Wednesday plugged its refinancing bond offering into the sterling market on Wednesday, raising total potential sterling high yield bond sales to near £1.7bn...
View ArticleBAT-Reynolds blend will light up tobacco M&A, say bankers
British American Tobacco’s acquisition of US rival Reynolds American will trigger other merger talks across the tobacco industry, loan bankers believe.
View ArticleXella pencils bank meeting for year's first large cap deal
Xella, the German building materials maker, has scheduled a bank meeting for Thursday morning in London as it markets €1.3bn of loans backing its buyout by US private equity house Lone Star.
View ArticleDTCC names trade repository compliance head
The Depository Trust & Clearing Corporation (DTCC) has appointed a head of compliance for its European Global Trade Repository (GTR) business.
View ArticleSaras clean-out wins big book, EBRD halves Cyfrowy Polsat stake
Despite corporate close periods limiting supply, several sellers came to the equity block trade market on Tuesday night.
View ArticleNew high yield short duration fund from JP Morgan AM
JP Morgan Asset Management on Wednesday launched its Europe High Yield Short Duration Bond Fund for investors seeking protection against future interest rate hikes.
View ArticleBolloré brings unrated action to corporate bond market
Bolloré, the French investment company, brought investment grade euro corporate bond investors their first unrated deal of the year on Wednesday, and managed to tighten its pricing by 25bp.
View ArticleMOEX touts weekly options on Russian index
The Moscow Exchange (MOEX) is to introduce a weekly expiry of options on the Russian Trading System (RTS) stock index.
View ArticleMorgan Stanley legacy Dutch RMBS deal priced
Morgan Stanley closed on Wednesday its Delft 2017 securitization of legacy Dutch nonconforming mortgages, originated by a former Lehman Brothers lender.
View ArticleBluestep Bank to update investors on Swedish RMBS shelf
Swedish nonconforming mortgage lender Bluestep Bank is meeting with investors next week in Stockholm to update them on its securitization programme, the only active RMBS shelf in the Swedish mortgage...
View ArticleEIB takes five in zloty
The European Investment Bank added a Z1.5bn ($360m) tap to its May 2021 Polish zloty bond on Wednesday. The supranational has pledged to build a curve in the currency, printing three times so far.
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