KKR invests in Italian NPL servicer
KKR has bought into Italian non-performing loan servicer Sistemia, in a deal for an undisclosed value, but which gives the private equity firm access to a fee pool that could be around €25bn.
View ArticleGOP congressman renews fight against CFPB mortgage rules
Efforts were renewed this week to reign in the power of the Consumer Financial Protection Bureau, with a Republican congressman taking aim at the agency’s mortgage underwriting rules.
View ArticleRomanian telecoms and TV group Digi seeks Bucharest IPO
A fresh IPO launch broke the quiet in the pre-Easter European equity capital market on Tuesday: and a very unusual one — the first Romanian flotation of the year. Digi Communications, a leading...
View ArticleDebut Tidewater card deal washes into ABS primary
A debut subprime credit card securitization from Tidewater Finance Company is marketing, despite mounting concerns over the subprime sector.
View ArticleIntesa insists it is still working on syndicating Rosneft loan
Intesa Sanpaolo has objected to a report by a Russian news agency that it was “considering not syndicating” its €5.2bn loan to finance the acquisition of shares in Rosneft by Glencore and the Qatar...
View ArticlePeople Moves in Brief
SG’s Moran leaves DCM for coverage — Nomura names new TMT team — Deutsche’s global M&A chairman leaves
View ArticleAfDB mulls green bond Uridashi
The African Development Bank could join the Asian Development Bank in printing green bonds in the Uridashi market, while the World Bank is looking at SRI opportunities in Singapore.
View ArticleFrance gives SSA buyers new reason to worry as Asians back away
The French presidential election saga has taken another twist, with far-right candidate Marine Le Pen’s chances slipping — but those of Jean-Luc Mélenchon, from the other extreme of the political...
View ArticleRouble MTN demand 'to survive tensions'
A surge in demand for Russian rouble paper could have been brought to a premature end by a US missile attack on Syria on April 7, but market participants are confident that issuance will continue.
View ArticleEl Salvador to meet market at IMF after domestic default
Bond investors were sanguine on Central American sovereign El Salvador’s international bonds even as they took a battering in secondary markets this week in the wake of a default on domestic debt.
View ArticleGrifols completes refi as euro high yield grinds ever tighter
Spanish plasma drug group Grifols wrapped up an all-debt refinancing programme on Wednesday as high yield spreads continued to tighten. But market participants warned that terms can hardly become even...
View ArticleArgentine leads pipe as LatAm takes holy break
No Latin American borrowers tapped international bond markets this week as most of the region takes an extended break for Easter, but Argentina is once again providing most of the excitement.
View ArticleFIG business perks up, but banks not yet at new dawn
Investment bankers serving Europe’s financial institutions are already confident 2017 is going to prove a more fruitful year than 2016, when the fees paid by the sector fell to a 14 year low, writes...
View ArticleABS investors divided over credit scoring overhaul
Recently announced plans by consumer credit reporting agencies Equifax, Experian and TransUnion to remove tax lien and civil judgement data from their credit reports have generated huge buzz in the...
View ArticleCORPORATE BOND PRICED DEALS TABLE 2017
GlobalCapital's list of European corporate bond issues in euros and sterling, with links to stories about the deals.
View ArticlePKO Bank Hipoteczny sets sights on local currency market
Poland’s largest covered bond issuer and national champion, PKO Bank Hipoteczny, has mandated leads to roadshow a prospective zloty-denominated covered bond benchmark.
View ArticleUniCredit set to reduce covered collateral with switch to Moody's
UniCredit is seeking investors’ consent to substitute Fitch with Moody’s as credit rater of its conditional pass through covered bond programme. The latter requires an issuer to provide less collateral...
View ArticleCredit derivatives expert optimistic for 'better understood' market
A leading London derivatives lawyer last week told an audience of experts that he was confident in the future of credit derivatives, lauding the increasing “objectivity” of the International Swaps and...
View ArticleFunding scorecard: European supranationals and agencies
This week's funding scorecard looks at the progress European supranationals and agencies have made at the start of the second quarter.
View ArticleB&B securitization greeted with heavy investor demand
Investors piled into the UK government’s securitization of a portfolio of Bradford & Bingley buy to let mortgages, as buyers snap up sterling backed mortgage assets in the absence of meaningful new...
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