Molnlycke wraps up deal before expected euro deluge
Sweden’s Molnlycke got in early this week with a €500m eight year trade, as bond bankers said that the euro market is ready to ramp up again in the coming days.
View ArticleIFC ups minimum size for Kanga fives
The International Finance Corporation is set to price a 5.5 year Kangaroo bond on Tuesday — but has already increased the minimum size of the deal by A$200m ($152.8m) in response to a wide range of...
View ArticleWeek begins with €1bn CaixaBank block
Tonight, Criteria Caixa, the unlisted holding company, is selling a 5.3% stake in CaixaBank, the Spanish lender, through an accelerated bookbuild.
View ArticleUK government unveils £12bn student debt sale plan
The UK government has formally unveiled plans to sell off £12bn of student loans in a series of securitization deals, launching a brand new asset class of ABS backed by income contingent student loans.
View ArticleHSBC hires Laing to spearhead CEEMEA ECM
HSBC has confirmed that it has hired Chris Laing to be head of equity capital markets for central and eastern Europe, the Middle East and Africa.
View ArticleEFSF suffers but Renten thrives amid govvie sell-off
The market for public sector euro issuers is springing back to life after a quiet week, with two benchmarks printed on Monday and a sovereign dual tranche expected on Tuesday. But although traffic is...
View ArticleUS primary CLO pipeline comes alive
A flurry of US CLOs were priced at the end of last week, jump starting the primary market after a long period of deal refinancings and resets.
View ArticleNavient readies $1bn FFELP student loan ABS
Student loan servicer Navient is in the market with a $1bn student loan ABS offering, forging ahead with its securitization plans while it contends with allegations around its debt collection practices...
View ArticleFreddie Mac broadens commercial mortgage risk transfer efforts
Freddie Mac has sold a debut risk transfer securitization backed by multifamily loans, expanding its program of transferring commercial mortgage risk to the private market.
View ArticleBelgium shows sovereign strength, Finland to follow
Belgium defied turmoil afflicting European government bond spreads this week, pulling in big books for a dual tranche euro benchmark. The sovereign's success may have emboldened Finland to follow suit...
View ArticleRoom for improvement on WM/Reuters fix levels: IOSCO
More work should be done by the administrator of Thomson Reuters-owned World Markets Company on its 4pm closing spot rate benchmarks, the International Organisation of Securities Commissions has said,...
View ArticleGoldman Sachs extends funding line to UK specialist lender
UK specialist lender, Together, which offers residential, commercial and personal loans, has agreed a £90m four year funding facility with Goldman Sachs Private Capital.
View ArticleBoerse, LSE formalise LCH sale offer as Draghi emphasises ECJ
Deutsche Boerse and the London Stock Exchange Group on Tuesday announced submissions to the European Commission for the formal divestment of the latter’s Paris clearing house, LCH Clearnet SA.
View ArticleIPOs off to poor start as AlzChem pulls €174m deal
AlzChem, the German niche chemicals producer, has postponed its €174m Frankfurt IPO, blaming difficult market conditions.
View ArticleRussian pricing aggression is here to stay
Two Russian corporate deals in as many weeks have been stuffed down the throats of investors. Both were deemed tight, but Rusal, the first, sold off and is yet to recover to par. Russian issuers are...
View ArticleLe Pen draws first capital markets blood
The rise of populism in Europe has claimed its first capital markets victims. Brace yourself for more.
View ArticleJefferies readies first rated prime Lending Cub ABS
Jefferies is underwriting a rated marketplace loan ABS for Arcadia Funds that is backed by prime consumer loans from Lending Club, sources told GlobalCapital on Tuesday.
View ArticleEquity buyers push CLO refis over new issue as lev loans soar
Third party CLO investors are a driving force behind the wave of CLO refinancings at the expense of new issuance, as pricey leveraged make returns on new deal equity less attractive.
View Article"Insatiable" demand drives ABS spreads toward post crisis tights
ABS spreads, fueled by intense demand from bond buyers, are approaching their post-crisis tights, and investors speaking with GlobalCapital say that there is room to go tighter.
View ArticleBNG breezes through election jitters as ADB prepares dollar fives
Bank Nederlandse Gemeenten showed that investors in its dollar bonds are not overly concerned about an upcoming Dutch general election, as it priced a bond on Wednesday that was just $250m short of its...
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