TLAC evolution: BoA brings fixed to FRN first
Bank of America set a new precedent for the callable TLAC senior product in euros this week, bursting into the market with a €4bn trade bearing the first fixed to floating rate notes the sector has...
View ArticleUS Inc shuns repatriation play with megadeals
Apple got February off to a flyer after Microsoft and AT&T confounded predictions of a supply slowdown in the US high-grade market with deals that secured a record-breaking start to the year.
View ArticleRepublicans keen for Trump regime to oust CFPB boss
Republicans keen to start dismantling US financial regulatory infrastructure have the director of the Consumer Financial Protection Bureau, Richard Cordray, in their sights. But removing him may not be...
View ArticleMTN Leak: Chinese New Year — HSBC style
Kung Hei Fat Choi! Bankers were able to bring in the Year of the Rooster in fine style on Wednesday, thanks to HSBC’s fantastic Chinese New Year party.
View ArticlePeople Moves in Brief
Natixis hires DCM head - DB's emerging ECM head quits - HSBC cuts hit DCM
View ArticleLe Pen is flightier than the Tories
The Conservative UK government may be undermining London’s status as Europe’s pre-eminent financial hub with its seeming determination for a clean/hard/sharp/solid Brexit, but potentially more...
View ArticleHigh hopes as EU starts green finance push
Green finance leaders are hoping the European Union will come up with concrete initiatives to help the market, after its new official body on the subject met for the first time last week.
View ArticlePBA ready after Entre Ríos resumes provincial run
The Province of Buenos Aires (PBA) will meet bond investors on Monday and Tuesday next week ahead of a planned dollar-denominated benchmark as Argentine issuers continue to dominate the Lat Am primary...
View ArticleAA2000, Supervielle fly in hot Argentina
Aeropuertos Argentina 2000’s new 10 year bond traded up more than a point and a half this week, and lender Banco Supervielle sold $300m of peso-linked bonds to underscore continued demand for Argentine...
View ArticleClimate impacts are here, get ready for 3C warming, warns Cicero
Cicero, the climate research institute at Oslo University, has produced a report to help investors work out where they face risks from climate change, with red, orange and yellow flags for the severity...
View ArticleRMB round-up: CNY markets reopen, Japan banks hop onto CIPS, HK trade...
In this round-up, CFETS sets its dollar fix nearly unchanged after a week-long break, several Japanese lenders get ready to gain access to the China interbank payment system, and RMB trade settlement...
View ArticleNo CNY blues: IPOs from HK to BKK vie for attention
Activity is trickling back into Asia ECM as bankers return to their desks post Chinese New Year, with several Hong Kong IPOs looking to start pre-marketing and a Thai name testing investor appetite.
View ArticleKorea's K-water to dive offshore in 2017
Korea Water Resources Corp (K-water) is preparing to join the queue of issuers from the country selling dollar bond offerings this year, following a three year hiatus.
View ArticleSamsonite saves $16m with Tumi acquisition loan refi
Samsonite International has refinanced credit facilities totalling $2.4bn that were originally raised to fund its acquisition of premium luggage maker Tumi last year.
View ArticleBSE shares rocket on debut after $184m IPO
Shares of India’s second largest stock exchange BSE traded up 49% on their debut on Friday, following the hugely successful Rp12.4bn ($184.1m) IPO in January.
View ArticleXella builds on loan again as demand raises the roof
Xella increased its €1.4bn buyout term loan for a second time on Thursday morning, adding another €50m in lieu of a proposed shareholder loan, while US software firm Infor did the same on its €750m...
View ArticleMarcolin speeds up floater following LVMH JV
Italian eyewear maker Marcolin entered a quiet European high yield market on Tuesday, announcing a roadshow starting on Wednesday for €250m of floating rate notes after signing a joint venture with LVMH.
View ArticleS&P plays catch-up with new component to covered bond rating
Almost two years after Moody’s and Fitch changed their rating criteria to take account of the Bank Resolution and Recovery Directive, Standard & Poor’s has set out how it plans to build resolution...
View ArticleDroit hires in London for European push
Droit Financial Technologies, a New York-based regulatory financial technology firm focused on over-the-counter derivatives, has made a senior hire in London as part of a European business drive.
View ArticleLogoplaste repackages loan as B&B checks out
Logoplaste, the Portugese plastic packaging maker, boarded the loan market's runaway repricing train on Monday, completing a request on four different tranches amid several similar deals.
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