Banks at risk from drought, reveals ground-breaking research
A glimpse of the future has arrived with the publication of a report modelling the credit risk banks face from drought. The effect on loan portfolios could be severe — and the research illustrates the...
View ArticleCME to introduce Russell 2000 derivatives
CME Group will introduce a range of futures and options on the Russell 2000 index, a popular benchmark for tracking the small-cap segment of the US stock market.
View ArticleRare container lease ABS enters pipeline
Shipping container leasing company Seaco Global is making a splash in the ABS primary market with a rare offering backed by leases on shipping containers.
View ArticleDRB prices private student loan ABS
Darien Rowayton Bank on Thursday priced DRB 2017-A, a $307.45m private student loan ABS transaction, as the market for student loan deals picks up momentum in the second quarter.
View ArticleSunnova prices latest solar ABS
Houston-based residential solar finance company Sunnova priced a debut ABS transaction this week, putting the issuance volume of solar ABS year to date higher than in the entirety of 2016.
View ArticleExeter markets auto ABS, as subprime concerns loom
Subprime auto issuer Exeter Finance is marketing EART 2017-2, its second subprime auto ABS of the year, hitting the market at a time of growing concerns over declining vehicle prices and rising...
View ArticleKfW swoops into quiet euro market
A hotly contested battle for the French presidency has quieted much of the public sector market this week, but KfW has picked banks for a five year euro benchmark.
View ArticleInvestors push back on tight spreads for latest Irish RMBS
European investors bought into an Irish RMBS offering from Mars Capital late last week, but the pricing of the deal suggests some push back is being seen from buyers on steadily tightening European...
View ArticleMisys moves on with $5.35bn acquisition loan deal
Misys, the UK financial software firm, held bank meetings on Tuesday in London for a €1bn term loan to back its $3.6bn-equivalent acquisition of DH Corp, a Canadian competitor, following sponsor Vista...
View ArticleRepublican PACE plan conflicts with wider anti-CFPB stance
A trio of Republican senators this month unveiled a proposal to bring Property Assessed Clean Energy (PACE) loans in line with other consumer debt products under the watch of the Consumer Financial...
View ArticleLife Healthcare withstands South African volatility to raise R9bn
Life Healthcare, the South African private hospitals group, has finished its R9bn ($673m) rights issue to reduce its debt after completing its acquisition of Alliance Medical Group in the UK, despite...
View ArticleA hard Brexit beats a clueless Brexit
Capital markets seem content with UK Prime Minister Theresa May’s election confidence on the back of commanding poll data but investors be wary of shocks on polling day. A move meant to shore up May...
View ArticleUnilabs and Nomad Foods bring euro high yield bonds
Medical diagnostics firm Unilabs has launched a €250m high yield bond with a roadshow this week, to back its acquisition of Alpha Medical. Nomad Foods is also roadshowing a €500m deal.
View ArticleUS CLO triple-As defy spread widening trend
Managers priced four new issue US CLOs last week, as unsatisfied demand helps triple-A spreads to grind even tighter despite softening in the rest of the capital stack.
View ArticleBMO sets up RMBS vehicle for breakthrough mortgage deal
Bank of Montreal has set up a securitization vehicle that could issue its first RMBS deal soon, backed by C$2bn of uninsured prime mortgages, as analysts say new lending rules could spark the emergence...
View ArticleThunderbolt aircraft deal strikes ABS primary
Air Lease Corporation is marketing its second term securitization, Thunderbolt (TBOLT) 2017, amid increasing interest in the sector from a range of fixed income buyers.
View ArticleMortgage slowdown drives Dutch RMBS supply concerns
Dutch mortgage origination slowed in March, accentuating supply concerns for RMBS hungry investors, and shining a spotlight on competition for Dutch mortgage collateral.
View ArticleSpencer Lake joins Fenergo board
Former HSBC capital financing head Spencer Lake has joined banking software firm Fenergo's board of directors. The company, based in Ireland, makes 'client lifecycle management software solutions' for...
View ArticleSberbank pulls out of new Agrokor loan
Agrokor’s biggest creditor Sberbank has refused to be part of its additional funding, initially set for up to €150m, not long after it lost control of the restructuring.
View ArticleCredit terms tighten for OTC derivatives counterparties
Credit terms for counterparties using euro-denominated OTC derivatives have worsened since December, according to a panel of 28 banks, marking their biggest reported tightening since the consultation...
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