Novo Banco credit event stumps ISDA and lawyers
The fate of credit default swaps referencing Novo Banco still hung in the balance on Friday, with ISDA’s Determinations Committee unable to decide after three days of wrangling whether the Portuguese...
View ArticleShuttleworth departs Deutsche
Neil Shuttleworth, Deutsche Bank’s head of debt syndicate for Central and Eastern Europe, Middle East and Africa left the firm at the end of last month.
View ArticleCapital markets head leaves StormHarbour
StormHarbour’s head of capital markets, appointed last January, has left the firm.
View ArticleWestpac prints largest ever NZ Swissie
Westpac New Zealand priced an eight year Swiss franc note on Friday, the largest single tranche trade from a New Zealand bank ever in that currency.
View ArticleAnnaly revamps RMBS team, looks to CRT market
Mortgage REIT Annaly Capital Management has appointed David Finkelstein to head up its RMBS business and is predicting that the trajectory of RMBS in 2016 will be determined by the agency credit risk...
View ArticleAuto ABS pipeline kicks off with $1.5bn of subprime offerings
AmeriCredit Financial Services and DriveTime Car Sales Co. have opened up the 2016 auto ABS market with $1.5bn worth of subprime auto offerings.
View ArticleTata Motors revs up new $250m loan
Tata Motors has made a rapid return to the international loan market for a refinancing worth $250m, launching the deal just a few weeks after signing a $600m fundraising.
View ArticleJulius Baer reshuffles senior management in SEA
Bank Julius Baer has made senior changes to its southeast Asia business, creating the role of vice-chairman as well as appointing a new head of private banking.
View ArticleCiti eyes local currency markets with debt syndicate rejig
Citi has created a consolidated Asia Pacific debt syndicate team as it seeks to take advantage of the growing relevance of local currency markets, according to an internal memo seen by GlobalCapital Asia.
View ArticleTotal Derivatives: CNY Swaps: 5y well offered; CNH HIBOR spike
5y CNY swaps have been well offered as Chinese equities continue their sell-off. In the short-end though, 1y swaps have been bid on concerns about the yuan. In Hong Kong today HIBOR spiked sharply on...
View ArticleEvergrande builds books amid downgrade
China's Evergrande Real Estate Group started bookbuilding for a new 2019 offering with a fixed price on January 11. The deal comes amid Moody's announcement that it has downgraded the issuer and its...
View ArticleKorea picks five systemically important banks
South Korea’s financial regulator has identified five domestic systemically important banks (D-SIBs), which will have to meet more stringent capital requirements from this year.
View ArticleMarket volatility does not equal RMB depreciation, say experts
There is no denying markets have given the RMB a rough start to the year. But despite the depreciation pressure on the RMB, the real trend seems to be more market-driven volatility rather than...
View ArticleVirscend IPO survives global sell-down
Virscend Education Co has raised HK$1.8bn ($232.2m) after pricing its Hong Kong IPO near the bottom of the range, emerging relatively unscathed from the volatility that rocked global equity markets...
View ArticleTABB boosts derivatives research with two hires
TABB Group, a research and consulting firm focused on capital markets, has hired two analysts to its derivatives practice.
View ArticleISDA tightens up rules for determining credit events
The International Swaps and Derivatives Association will tighten up the rules governing members of its Credit Derivatives Determinations Committee as it looks to strengthen the process for deciding...
View ArticleNarrow window and choppy markets could delay blocks, bankers say
Bankers active in the European equity block trade market fear this week may bring little activity, as looming earnings blackouts and unceasing volatility in stocks continue to discourage owners from...
View ArticleItalian Reit IPOs could raise over €1bn
Italian property has been one of the more disappointing sectors in European equity capital markets recently, so it was a welcome change that in a still bare calendar of formally announced IPOs, two of...
View ArticleGuidance released for first STACR deal of 2016
Price guidance has been issued for STACR 2016 DNA1, Freddie Mac's first credit risk transfer deal of the year.
View ArticleYue Xiu Enterprises bags $300m in commitments
A $200m equivalent borrowing for Yue Xiu Enterprises has seen commitments worth $300m come in from banks that will avail an extra fee for chipping in ahead of an early bird deadline.
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