WH Smith signs £130m revolver with famous four
WH Smith, the UK newsagent and bookseller, has signed a £130m five year revolving credit line to use as its working capital facility, it said on Wednesday, while raising its full year profit forecast.
View ArticleUSS signs $3bn direct lending JV with Credit Suisse
Universities Superannuation Scheme, one of the UK’s largest pension schemes, has entered the European direct lending market through a collaboration with Credit Suisse, buying most of a $3.1bn senior...
View ArticleB&M alone in paused HY primary, but backstage busy
Although the European high yield market has yet to produce a new deal in a week with only one sterling issuer on the road, market participants say the pipeline is building up.
View ArticleQTC trials blockchain for new issue bonds
Queensland Treasury Corporation ran a prototype bond auction on Commonwealth Bank of Australia’s blockchain platform, the bank said on Tuesday. QTC generated a bond tender, viewed investor bids in real...
View ArticleEuros burning brightly in red hot SSA market
Deal after deal has hit screens in euros this week as issuers from all across the public sector spectrum printed in maturities from five to 30 years.
View ArticleEris Exchange hires exec to boost clearing
Eris Exchange, the US based swap futures exchange, has appointed a global business development head to bring on board critical support providers for clearing, order management and execution.
View ArticleUS CLO issuance down 32% in 2016
New issue CLO volume dropped 32% year over year in 2016, according to Fitch, despite a year end flurry of issuance as the market raced to get deals done ahead of new risk retention rules.
View ArticleDollar benchmark triple rounds off ‘perfect’ January
A trio of issuers brought deals across the short end of the dollar curve on Wednesday, adding to what one SSA syndicate head described as the “ideal January”. Supply looks to have dimmed for now, with...
View ArticleNovartis weighs IPO or spin-off of lossmaking eyecare division
Shares in Novartis closed 2.5% higher on Wednesday after it delivered its full year results presentation, in which it announced a share buyback programme and said it was considering options for its...
View ArticleANZ boosts loans team in Sydney with new hire
ANZ has made a new hire to its loan syndications team in Australia. The move comes close on the heels of high level changes in the department.
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