Ukraine’s MetInvest pulls off debt restructuring
Ukrainian Steel and mining company MetInvest’s struggle to restructure its $2.3bn debt dating back to 2012 has finally come to an end, according to a statement from the company.
View ArticleAston Martin revs up to make 300bp saving
UK luxury sports car maker Aston Martin will open a roadshow to a refinancing senior secured deal in sterling and dollars on Friday.
View ArticleBanks in talks with Jindal for $760m restructuring
India’s Jindal Steel and Power (JSPL) is negotiating with lenders to extend maturities on syndicated and bilateral loans worth a total of about $760m, according to sources. With commodity prices having...
View ArticlePKO Bank closes first Polish euro covered benchmark of the year
PKO Bank Hipoteczny launched the first Polish euro benchmark covered bond of the year on Thursday, with pricing grinding slowly tighter after a steady bookbuilding process.
View ArticleToronto-Dominion Bank sees strong demand for seven year
A new seven year euro deal from Toronto-Dominion Bank drew in a healthy book on Thursday, as investors continue to show strong demand for Canadian names.
View ArticleEl-Amir leaves UniCredit for Evercore
UniCredit’s former head of group finance Waleed El-Amir has left the bank to join advisory boutique Evercore.
View ArticleESM and EFSF readying for hefty Q2
The European Stability Mechanism (ESM) and European Financial Stability Facility (EFSF) are preparing for their heaviest quarterly funding target for three years.
View ArticleStrong demand drives peripheral revival in European RMBS
An Irish reperforming mortgage deal was sold by a Lone Star fund on Thursday, while Spanish issuer UCI mandated leads for a new prime RMBS deal as ABS investors continue to show demand for legacy and...
View ArticleInvestors entice Greater China issuers to launch new deals
Emperor International Holdings, Xinjiang Guanghui Industry Investment (Group) Co and Zhuhai Huafa Group Co sealed new dollar deals on Thursday, going into their respective transactions with books fully...
View ArticleYes Bank boosts QIP to land $750m
Yes Bank has bagged Rp49bn ($748.6m) from a qualified institutional placement after boosting the deal size on bumper long-only demand, and pricing at the top of guidance.
View ArticleRMB roundup: Safe chief blasts overseas acquisitions, AIIB adds 13 members,...
This week, the head of the state administration of foreign exchange (Safe) criticised Chinese companies’ overseas acquisition choices, 13 countries joined Asian Infrastructure Investment Bank (AIIB)...
View ArticleGC BondMarker: World Bank in solitary splendour
This week's GC BondMarker voters had only one benchmark to rate, but World Bank's $4bn three year would likely have shone in any company.
View ArticleJP Morgan rehires Barry Meyers from Barclays
Barry Meyers, head of UK equity capital markets at Barclays for the past two years, will rejoin JP Morgan in June after three months' gardening leave.
View ArticleDollar borrowers pay up as Trump trade unravels
Banks were forced to pay higher new issue concessions to get deals done as concerns about President Donald Trump’s ability to deliver on his legislative agenda hit global markets.
View ArticleMUFG hires levfin sponsors head from RBC
MUFG has hired a senior leveraged finance banker from RBC Capital Markets to head its financial sponsors team in EMEA .
View ArticleFunding scorecard: French agencies
This week's funding scorecard looks at the progress French agencies have made in their funding progress so far this year.
View ArticleBig TLTRO take-up will hurt covered supply
A higher-than-expected take-up of the ECB’s final round of Targeted Longer-Term Refinancing Operations (TLTRO II) could hurt supply in covered bonds, with some analysts downgrading their expectations...
View ArticleNH Hotel to trim ‘astronomic’ debut costs with tap
Spanish hotel chain NH Hotel Group launched a sub-benchmark add-on of its 2023s to cut the size of the old 2019 issue and pocket savings of more than 300bp.
View ArticleAdler Pelzer adds new refi deal to high yield mart
German auto parts maker Adler Pelzer Group drove into a European high yield bond market already loaded with offerings from other six borrowers on Wednesday, but it stood out as a rare chance for...
View ArticleAumann jumps 19% on debut after €218m IPO finds good demand
Shares in Aumann, the German maker of wire enamelling and electric motors for cars, rose 20% above its IPO price on Friday after making its debut on the Frankfurt Stock Exchange, giving it a market cap...
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