Spain banks €5bn in 15s despite investor jitters over France
Spain rode out another volatile day in eurozone government bonds to finish up with a healthy €5bn of 15 year paper from an order book nearly treble that size.
View ArticleKinnevik halves Rocket Internet stake, trade covered
This evening, Kinnevik, the Swedish investment company, is selling a 6.6% stake in Rocket Internet, the German e-commerce startup investor, through an accelerated bookbuild.
View ArticleVolkswagen to securitize residual value risk in new UK auto ABS deal
Volkswagen Financial Services is preparing to launch its fifth UK auto ABS deal backed predominantly by personal contract purchases, which contain residual value risk.
View ArticleBain continues Bravida exit with third ABB
Bravissima Holding, an investment vehicle controlled by Bain Capital, has hired Deutsche Bank and Nordea to sell a 12.1% stake in Bravida, the Swedish heating, plumbing and electrical installation...
View ArticleTPI to provide information for Murex users
Tullett Prebon Information, the OTC price information provider, has signed an agreement to make its data available to users of Murex's trading risk and processing solutions.
View ArticleNasdaq Dubai Futures Exchange announces third market maker
The Nasdaq Dubai Futures Exchange has announced that Al Ramz Capital is to become the its third market maker.
View ArticleDeutsche Wohnen’s three-leg hit deal could be copied
Deutsche Wohnen, the German housing company, has raised €1.34bn of equity and convertible debt at attractive terms, in what bankers have claimed is the first three-legged trade of its kind in Europe.
View ArticleTGI Friday’s dishes out whole business ABS
TGIF Funding is out with guidance for a debut whole business securitization, which sources say could revive activity in the esoteric sub-sector after a lull in 2016.
View ArticleMarket watchers eye Trumpflation of Treasuries, mortgage rates
A spike in 10 year US Treasury yields has pushed up mortgage rates and curtailed new mortgage production in 2017, but a slowdown in the trend has observers questioning the direction of the Treasury and...
View ArticleCunliffe warns of ‘currency nationalism’ on clearing
Deputy Governor of the Bank of England for financial stability Sir Jon Cunliffe this week warned against the influence of ‘currency nationalism’ in determining clearing centres.
View ArticleBelize deadline nears after missed coupon payment
Central American sovereign Belize failed to make a $13m coupon payment on its 2038 bonds this week, after saying it hoped to persuade bondholders to agree to a consent solicitation that would provide...
View ArticleHonduran Atlántida seeks broader bond audience
Inversiones Atlántida, the Honduran financial holding company, could look to issue a debut international bond in March after postponing plans in November when Donald Trump’s election as US president...
View ArticleInvestors see value as El Salvador sells crucial bond
A healthy pick-up to Central American peers, and investor optimism that political bickering would not put the country at risk of default, allowed El Salvador to raise $601m of vital 12 year funding on...
View ArticleArcadia brings prime Lending Club ABS to market
Arcadia Funds hit the ABS market this week with a rated debut transaction via Jefferies backed by prime loans originated by Lending Club, which sources say will be closely watched by the market.
View ArticleCórdoba brings blow-out to show Argentine credit divide
The province of Córdoba sold a five times oversubscribed 7.5 year bond on Wednesday to suggest that plenty of appetite for Argentine paper remained — even if it is growing ever more picky about credit...
View ArticleBanks financing high carbon companies risk ruin, report warns
Shareholders and bondholders should pressurise banks to clean up their acts on climate change, sustainable finance experts said this week.
View ArticleKNOC powers up for international roadshow
Korea National Oil Corp will host a global roadshow next week ahead of a new international bond, to be sold in dollars and/or euros.
View ArticleHot stuff: Barbeque Nation picks banks for IPO
India's Barbeque Nation Hospitality has picked one international and one domestic bank to lead its planned IPO, with the deal slated for this year.
View ArticleIBK exits from E-Mart with W194bn sell-down
Industrial Bank of Korea has bagged W193.5bn ($171.4m) after cleaning up its position in Korean hypermarket chain E-Mart, according to a term sheet seen by GlobalCapital Asia.
View ArticleChina Orient AM makes quick comeback for $300m
China Orient Asset Management International Holdings, which tapped the international loan market in July last year, has returned for a $300m dual-tranche facility.
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