Brazil returns to lead Lat Am pipe post-carnival
Latin American new issue markets enjoyed a quiet week with as carnival celebrations replaced the debt party with which the region started the year, but Brazilian issuers look ready for a swift return...
View ArticleBASF and Deutsche’s solution to equity-neutral riddle: warrants
BASF launched an innovative $600m bond with warrants on Thursday that may go some way to solving some of the disadvantages of the equity-neutral structure that has become popular with investment grade...
View ArticleInvestors gobble up big deals, but still have room for more
Blue-chip names tapped the US investment grade market in size this week as corporate supply ended February on a high with borrowers jumping in ahead of president Trump’s debut speech to Congress.
View ArticleBanks chilled about UK IPO shake-up — but effects could be profound
The UK’s IPO market is likely to go through its biggest shake-up for a generation later this year, when the Financial Conduct Authority introduces new rules — but the effects may not be those the...
View ArticleHindalco $500m QIP, Apollo block see strong demand
Hindalco Industries’ qualified institutional placement, which launched on Thursday night in India to raise up to Rp33.4bn ($500m), is set to price with no discount to the last close, bankers on the...
View ArticleExperts slam slow progress on Panda regulations
Corporate treasurers and financial institutions feel that the Panda bond market has great potential as a funding venue, but regulators and industry bodies will need to push for reforms to make it viable.
View ArticleRMB round-up: HK renminbi deposits keep falling, MRF’s bad month, Stock...
In this round-up, Hong Kong’s RMB deposits dropped to a near six-year low, the Mutual Recognition of Funds scheme saw meagre flows to Mainland and Hong Kong funds, and the Stock Connect had a surge in...
View ArticleGome starts bookbuild for debut dollar bond
Gome Electrical Appliances Holding opened books for a benchmark-sized Reg S debut trade on Friday morning via sole bookrunner Barclays.
View ArticleSMBC loses Asia loans distribution banker
A Singapore-based banker who worked on south and southeast Asian loan syndications for Sumitomo Mitsui Banking Corp has left, according to a source.
View ArticleNyrstar increases single-B, buys back convert
Nyrstar, the Belgian zinc smelting company, on Friday priced a single-B rated €400m high yield bond, and has launched a tender offer to buy back a €120m 2018 convertible bond.
View ArticleCerba launches buyout debt into parched market
Cerba Healthcare has scheduled the bank meeting for its much anticipated buyout loan package for Tuesday.
View ArticleUniEuro to float in Milan as IPO market heats up
Another piece in the pre-Easter IPO jigsaw was revealed on Friday morning when UniEuro, the Italian retailer of consumer electronics and appliances, began investor education for its IPO on Borsa Italiana.
View ArticleCovered supply to improve as secondary squeeze tightens
Covered bond primary supply is likely to improve, but will not be enough to sate investor appetite. With dealer inventories low, the technical squeeze will tighten, even as an unwinding of the flight...
View ArticleECBC engages with frontier Asian regions
The European Covered Bond Council (ECBC) said it will begin meetings with national authorities and stakeholders in India and Malaysia to consider whether covered bonds could play a role in their...
View ArticleBondMarker results — featuring EFSF's dual tranche, the UK's inflation linker...
The scores are in. See how market participants rated EFSF's dual tranche, the UK's £2bn inflation linked note and Spain's €5bn 2033 transaction.
View ArticleBanks ignoring risks to shipping loans from climate reforms
Shipping loans are already a problem asset class for many banks, but lenders are risking further problems by failing to do proper due diligence on how the shipping fleet will cope with decarbonisation,...
View ArticleFunding scorecard: European supranationals and agencies
This week's funding scorecard looks at the progress European supranationals and agencies have made during the first two months of the year.
View ArticleFIA urges CFTC to withdraw derivative position limit proposals
The Futures Industry Association (FIA) has written to the Commodity Futures Trading Commission (CFTC) in response to the commission's re-proposed rules concerning position limits for derivatives,...
View ArticleSoLocal Group gets €400m to slash its debt
SoLocal Group, the French marketing services provider, has completed its €400m rights issue, which involved a debt-for-equity swap.
View ArticleFor funds shorting CMBS, retailers’ turnaround plans are key
Hedge funds are shorting two synthetic indexes of post-crisis CMBS deals, with a third index being talked as the next target, and observers in the market say that ailing retailers’ turnaround...
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