Drax powers up £550m bond following Opus acquisition
Drax Group, the UK energy holding company, held a roadshow on Wednesday and Thursday for a £500m fixed and floating rate senior secured bond offering, following its acquisition of Opus Energy earlier...
View ArticleLone Star increases block trade and exits Forterra
Lone Star Funds, the US private equity group, has achieved a full exit from Forterra, the UK brick maker, after an accelerated bookbuild led by Numis Securities and Peel Hunt on Thursday night which...
View ArticleSecondary pricing update: featuring Austria's 10 year
Trading levels given are bid-side spreads versus mid-swaps and/or an underlying benchmark as of Thursday's close. The source for secondary trading levels is Interactive Data.
View ArticleFunding scorecard: supranationals
This week's scorecard looks at the progress supranationals have made in their funding programmes this year.
View ArticleUnibail goes beyond green bonds with €650m loan, hopes to do more
Unibail-Rodamco has signed today its green loan, one of the first syndicated facilities to offer the borrower a pricing benefit if it hits sustainability targets. The loan was increased twice in...
View ArticleEFSF lines up dual tranche amid relief rally
The result of the first round of the French election has imbued the markets with a fresh confidence, prompting the European Financial Stability Facility (EFSF) to mandate banks for its third dual...
View ArticleCLO issuers question depth of EU buyer base
The European CLO investor base may not be as deep as once thought, as managers see spreads widen in the primary market, particularly for CLO refinancings.
View ArticleESRB backs clearing suspension mechanism
The European Stability and Risk Board (ESRB) has backed calls to introduce a mechanism that will allow regional authorities to rapidly suspend clearing obligations, highlighting that the measure should...
View ArticleMoody’s hires ex-Lloyds man for relationship management
Moody’s has appointed former a Lloyd’s banker to its EMEA relationship management team.
View ArticleMacron progress positive for EM loans, but effect will lag
Emerging market loans bankers felt positive about the first round of French presidential election results on Monday but cautioned that they expect little immediate reaction in their sector.
View ArticleCaliber scales up in non-prime RMBS with largest post-crisis deal
Caliber Home Loans is marketing the largest non-prime, non-qualified RMBS deal since the financial crisis, with the Lone Star affiliated fund planning an offering nearly double the size of its last...
View ArticleJP Morgan leads clean-up NN Group block for FNO
This evening, Stichting Fonds NutsOhra, a Dutch charitable fund, has hired JP Morgan to sell a newly created 2.5% stake in NN Group, the Dutch insurer and asset manager, through an accelerated bookbuild.
View ArticleUS state attorneys rail against DoE student loan servicing move
In a letter to US Department of Education secretary Betsy DeVos on Monday, attorneys general of 21 states expressed their concerns over the dismantling of “common-sense” Obama-era student loan...
View ArticlePolicy turmoil not enough to dent latest PACE deals
The recent noise around potentially damaging policy changes to the residential Property Assessed Clean Energy (PACE) sector had little impact on a trio of of deals that were priced on Friday and Monday.
View ArticleSoni to take up Goldman India ECM head role
Kailash Soni is expected to join Goldman Sachs later this year as head of ECM for India, sources close to the matter said.
View ArticleYapi Kredi signals covered bond intent
Yapi ve Kredi Bankasi looks set to take advantage of the bullish mood that has followed Turkey’s recent referendum and plans to issue its debut euro covered bond and what will be the second ever...
View ArticleDTCC appoints four to board of directors
The Depository Trust & Clearing Corporation (DTCC) has named four new members to its board of directors.
View ArticleEBRD goes large and tight in dollars, as ADB aims for threes
The European Bank for Reconstruction and Development on Tuesday equalled its largest ever size in dollars on Tuesday with a deal priced flat to or through its curve. The Asian Development Bank is set...
View ArticlePepper in sole charge as Wickham, Toulan leave BAML loans
Charles Wickham, co-head of loan capital markets for EMEA at Bank of America Merrill Lynch, will leave the bank at the end of April, having worked at BAML and Merrill Lynch since 1994.
View ArticleInvestors divided on Lone Star Irish NPL deal
Lone Star priced its latest Irish non-performing loan RMBS to strong demand, even as some investors expressed mixed feelings about the deal structure and underlying collateral.
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