Detsky Mir prices first EMEA IPO of the year as foreign investors pile in
Detsky Mir, the Russian toy retailer, has successfully priced its Rb18.4bn ($311m) Moscow IPO. It is the first IPO of any size to be completed this year in EMEA.
View ArticleFinland follows Belgium for first dual tranche
Finland launched its first ever dual tranche deal on Wednesday, scoring €3bn with a five year leg and €1.5bn at 30 years. The issue comes on the heels of an immensely popular Belgian barbell printed on...
View ArticleMadrid pays up but shows Spanish resilience
The Autonomous Community of Madrid launched its largest syndication in two years on Wednesday, in spite of difficult conditions in the euro market.
View ArticleRush to quality buoys Unilever
Consumer goods company Unilever priced a €1.2bn dual tranche bond on Wednesday that came partially inside the French government curve, as investors scrabble for perceived haven assets amid sharply...
View ArticleRyanair takes advantage of clear skies
Budget airline Ryanair slipped into the market to print a €750m August 2023 bond, taking advantage of an almost clear run as many issuers are still on earnings reporting blackouts. Meanwhile, two other...
View ArticleMarket and regulatory changes boost DTCC
The Depository Trust and Clearing Corporation (DTCC) institutional and trade processing product suites stored 1 billion trades in 2016. Further market and regulatory changes, as well as more fintech...
View ArticleTPI to distribute analytics from Valens Research
Tullett Prebon Information has announced its move into research data distribution, after signing a deal with global equity and credit analytics provider Valens Research.
View ArticleCerberus prices mega RPL RMBS
Cerberus Capital Management priced a large re-performing loan RMBS deal through its First Key Mortgage Arm on Wednesday, with investors showing heavy demand for the bonds.
View ArticleCFPB drama not an obstacle for latest Navient ABS
Student loan servicer Navient’s tussle with the Consumer Financial Protection Bureau (CFPB) in January was mostly background noise for the company’s no-grow Federal Family Education Loan Program...
View ArticleIssuer prices rare turboprop aircraft ABS
An inaugural aircraft ABS deal from Elix Aviation Capital backed by leases on turboprop aircraft was priced on Thursday, reflecting the potential for deal diversification in the fast growing sector.
View ArticleNigeria blows out on bond return to show Africa appetite
Despite lingering concerns about its foreign exchange rate regime, Nigeria’s return to the bond market drew an impressive $7.8bn book. So insatiable was demand that the deal dragged the whole...
View ArticleA long time in politics
Forget looking to the periphery for the high beta names in the eurozone, the drivers pushing countries to the outlier positions on the volatility charts are no longer economic but political.
View ArticleUniCredit takes giant loss as it preps turnaround plan
UniCredit announced an €11.8bn loss on Thursday as expected, paving the way for its €13bn rights issue and fifth shot at a transformational rescue. The bank said it had signed agreements preparing for...
View ArticleVale digs on right day for debt-neutral trade
Lat Am bond bankers said that Brazilian mining giant Vale had found the perfect window to tap its dollar bonds due 2026 on Monday — some four months after it had mandated banks for the trade.
View ArticleMivivienda seeks to solarise after dual-tranche
Peruvian mortgage lender Fondo Mivivienda sold Nuevo sol-denominated bonds to international investors on Tuesday in a rare local currency trade from Latin America, as the issuer looks to turn much of...
View ArticleBuenos Aires trades up after $1.5bn blow-out
Argentina’s largest province, Buenos Aires (PBA), saw its bonds trade up the day after it raised $1.5bn of five and 10 year bonds.
View ArticleArgentina hot but Lat Am supply nears winter break
Bad weather in New York left trading volumes in Latin American bond markets low on Thursday, and Lat Am primary may also now find activity cooling despite a seemingly relentless wave of Argentine...
View ArticleUBS adds three to equity sales trading, derivatives
Daniel Murphy has joined UBS in Hong Kong as the Asia Pacific head of equities sales trading, alongside two new hires in equity derivatives.
View Article