Lloyds Bank loan chief heads to new role
Simon Allocca, head of loan markets at Lloyds Bank, is moving to a new job at the bank.
View ArticleCME launches Ultra 10 year US Treasury note futures and options
CME Group this week launched ‘Ultra’ 10 year US Treasury note futures and options, with nearly 70,000 contracts traded in the first four days by more than 80 firms.
View ArticleJapanese banks round up $3.3bn loan for Abu Dhabi National Oil Company
Six Japanese lenders have arranged a $1.2bn loan for Abu Dhabi National Oil Company as part of a $3.3bn loan arranged by Japan Bank for International Cooperation to ensure oil supplies for Japanese...
View ArticleCBSBF jumps on market rally
Central Bank of Savings Banks Finland (CBSBF) pounced on the first sign of parting clouds in the global markets on Tuesday, dashing into the FIG market with a short dated floater.
View ArticleFresh fears for Italian banks as sub debt tumbles
The Italian subordinated debt market has come under further pressure this week, with spreads shooting wider amid renewed concerns about banks’ high levels of non-performing loans.
View ArticleLiquidity to keep diving in 2016
Banks expect to retreat even further from market making activities in euro-denominated securities in 2016, as their confidence in their ability to act as market makers during periods of stress wanes,...
View ArticleCNP prints super long private tier two
CNP Assurances has turned to the private market to print a $500m tier two, which is now the French issuer's longest outstanding debt.
View ArticleLev loan borrowers shrug off volatility with more bank meetings
Global economic concerns have pushed both equity and bond markets to one of their worst starts to a year on record, but the European leveraged loan market has been resilient so far, with six or more...
View ArticleIran's return sends derivs traders looking for shorts
Derivatives traders are positioning for more pressure on crude oil prices as Iranian production comes on line and the global supply glut continues.
View ArticleSerbia focuses on local market for 2016 funding task
Serbia is planning to fund the bulk of its funding needs through the domestic market, a funding official from the country’s finance ministry has said.
View ArticleHungary looks for renminbi window and €1bn bond
Hungary is planning a €1bn bond this year, but is also still looking for a window in the near future in which to issue a dim sum transaction.
View ArticleLithuania to hold fire as CEE sovereigns deal with SSA status
Lithuania plans to stay out of what has been a tough opening for central and eastern European sovereigns, as many of the issuers — now considered to be SSAs — suffer a problem many of their western...
View ArticleDollars only game in town for FIG borrowers
The dollar has been left as the only accessible currency for European banks looking to print benchmark debt so far this week, as even covered bonds succumb to a global market rout.
View ArticleCEE borrowers line up funding plans as oil prices bite the rest of EM
Central and eastern European borrowers gathered in Vienna this week for Euromoney’s Central & Eastern Europe Conference and are not short of plans for the capital markets this year.
View ArticleHardy equity issuers tiptoe forward, others hide
Equity capital market bankers are finding it hard to feel optimistic about this quarter. By close last night, European stocks had already fallen 8.8% so far this year, and few deals had been launched.
View ArticleSSA sector strong despite global panic
While markets have been badly affected by a mixture of worrying economic data from China, falling commodity prices and a continued slump in many emerging markets, the SSA market looks solid.
View ArticlePay under pressure at Morgan Stanley
Pay is likely to be under pressure at Morgan Stanley, as the firm shrank its compensation costs from $2.4bn in 2014 to $1.4bn last year in its Institutional Securities division.
View Article'Little boat' weathers 'big storm' as Sharjah prints sukuk
A 30bp sell-off of Middle Eastern credit overnight could not knock Sharjah off course as it printed a five year sukuk in what bankers described as horrific market conditions on Wednesday.
View ArticleSidelined banks find opening in dollars
Lloyds, Dexia Crédit Local and Wells Fargo have all sought dollar funding this week, turning away from a bare European market to take advantage of a brighter tone in the US after bank results.
View ArticlePeriphery banks in crosshairs with stress tests looming
Southern European lenders are back on the defensive as a European Central Bank inspection of non-performing loans drives a pronounced sell-off in equities and subordinated debt.
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