Labeyrie fattens pricing as market conditions bite
French food producer Labeyrie Fine Foods has both widened pricing and reduced the size for its €500m term loan, as changeable market conditions have driven cheapening of several primary deals in the...
View ArticlePhilips, Bain bring block trades after post-election rally
The boost to European stocks following the victory of Emmanuel Macron in the first round of the French presidential election at the weekend continued into its second day on Tuesday as the Euro Stoxx 50...
View ArticleSenior preferred: the new cuckoo in the covered bond nest
Senior preferred could prove a much more enduring threat to the viability of the covered bond market than the Term Long Term Refinancing Operation or the Covered Bond Purchase Programme.
View ArticleSoho House goes private for £375m refinancing
Private members club Soho House has secured a £375m refinancing deal from Permira Debt Managers, the latter’s largest direct lending deal to date, following its pulled high yield bond issue in 2015.
View ArticleCommonBond launches in-school financing, eyes more ABS
Online student loan refinancing platform, CommonBond, has launched a lending program for borrowers who are still in school, with the loans potentially bound for future securitizations from the company,...
View ArticleEM debt banker leaves BAML
Anupam Gupta, an emerging markets specialist in Bank of America Merrill Lynch's fixed income, currencies and commodities business, has left the bank.
View ArticleLonza jumps 3.8% after Sfr2.25bn rights issue gets go-ahead
Shares in Lonza, the Swiss pharmaceutical company, closed 3.8% higher on Wednesday after it launched its Sfr2.25bn rights issue to partly finance its acquisition of Capsugel from KKR, having secured...
View ArticleADB joins $4bn club
The Asian Development Bank on Wednesday hit the $4bn mark for the first time with a dollar benchmark, taking advantage of a dearth of supply and offering a bit of juice to harvest a hefty amount of cash.
View ArticleInvestors pour into latest UK BTL offering
Investors continue to show near limitless demand for new UK RMBS supply, with the latest buy to let transaction heavily oversubscribed down the capital stack.
View ArticleHKEX announces board members
Hong Kong Exchanges and Clearing (HKEX) has announced the appointments of three members to its board.
View ArticleDouble-A debt proves a tough sell for US CLOs
US CLO double-A debt is becoming more difficult to sell as some Asian accounts hold off, meaning remaining buyers have been able to push harder on stipulations in new deals.
View ArticleEx-Deutsche head of sales joins TrueEx
Interest rate swap trading platform TrueEX has hired a former Deutsche Bank head of rates sales to take a leading role in its sales, marketing and strategy.
View ArticleJP Morgan ECM MD returns to private client role
JP Morgan has created a new job which it hopes will enable it to win more investment banking business from family owners of companies and entrepreneurs, and one of its senior bankers is returning to...
View ArticleThunderbolt deal prices as market hypes potential for aircraft ABS
Air Lease Corporation priced its second securitization on April 25, with deal watchers saying they are hoping for greater investor participation in future deals as the asset class gains momentum.
View ArticleRenminbi internationalisation timeline – infographic
Its ten years since China Development Bank sold the first dim sum bond and since then there have been many landmarks on the path to renminbi globalisation. Check out GlobalRMB’s new infographic for...
View ArticleNomura’s international biz turns to profit
Nomura’s full year results on Thursday showed the Japanese bank’s international division in fine fettle, recording the highest profits since the bank started splitting out regions in its reporting. The...
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