Oman Oil mandates banks for $1.2bn refi
Oman Oil has mandated 12 banks to arrange a $1.2bn five year syndicated loan to refinance a $1bn tranche of a loan it took out in 2014, according to a banker on the deal.
View ArticleAnother Nordic smash: Boozt pops 25% on debut
Shares in Boozt, the Scandinavian online fashion retailer, closed 25% higher on Wednesday after they began trading on Nasdaq Stockholm after its heavily oversubscribed Skr1.6bn (€166m) IPO.
View ArticleNWB’s affordable housing dual debut a hit; others 'to follow'
Nederlandse Waterschapsbank’s first ever affordable housing bond raised €2bn across two tranches on Wednesday. One banker on the deal said he was “certain other borrowers will issue more like this”.
View ArticleSSAs go short in dollars amid reset swap spreads
Public sector borrowers are aiming for the short end of the dollar curve, as swap spreads in the area hover around the spot in which they started 2017, having dropped sharply from the year’s highs hit...
View ArticleCorporates back with a bang as premiums inch up on bumper day
Corporate bond issuers came zooming into the market on Wednesday to take advantage of the short window this week. But new issue premiums are creeping up in places as investors ask for a little more...
View ArticleBarclays' second Barclays Africa block is $2bn and covered
Tonight, Barclays is selling almost half its stake in Barclays Africa, its separately listed South African subsidiary, through a $2bn block trade which was covered in 45 minutes.
View ArticleCommission backs review of EU safe assets plan
The European Commission plans to review proposals for creating a common eurozone ‘safe asset’, including looking at the tranched sovereign debt plan put forward by the Irish central bank last year.
View ArticleIssuers churn out new European CLOs
CLO managers are set to price two new European transactions in the coming days, joining a wave of European securitization issuers pumping out deals ahead of the Global ABS conference next week.
View ArticleBank Sohar cuts down banks for oversubscribed loan
Oman’s Bank Sohar has had to reduce the number of participants on its $250m syndicated loan after it was heavily oversubscribed, according to a banker on the deal.
View ArticleInvestors flock to buy rare opco FRN from RBS
Investors put more than €2.25bn of orders into a rare operating company level senior bond from Royal Bank of Scotland on Thursday, as floating rate bonds appear as a "more attractive option" for an...
View ArticleNationale-Nederlanden Bank (NN Bank) turns to covered bonds
NN Bank has registered its covered bond company, suggesting it plans to follow Rabobank with a debut deal. The move could lead to less Dutch RMBS supply, where it had been a regular issuer alongside...
View ArticleESM and EFSF update funding plans
The European Stability Mechanism and European Financial Stability Facility have revamped their funding programmes in light of better than expected funding opportunities in the past few months.
View ArticleCDC scores in three year sterling
Caisse des Dépôts et Consignations (CDC) sold its largest ever sterling bond on Thursday, raising £300m with a three year deal.
View ArticleRump of Kuoni launches €760m of acquisition and refi loans
VFS Global, Kuoni’s visa and passport services business, has scheduled a lender call next week to market €760m-equivalent of new loans, backing an acquisition and the refinancing of debt.
View ArticleThe Pained Trader: Fit ’n proper
The Pained Trader’s probation depends on discretion about matters disciplinary.
View ArticleKommuneKredit ‘disappoints’ in three year dollars
KommuneKredit fell short of full subscription with a three year dollar benchmark on Thursday, with few updates provided through the book building process.
View ArticleClose encounters with a third kind (of capital)
Soon, banks will have more TLAC and MREL than equity. The new bond classes are a immensely important part of the financial structure of a bank, but the risks to investors aren’t yet clear. Just how...
View ArticleUS CLO refi steam runs out as equity buyers eye resets
US CLO equity holders are shifting their focus away from the low hanging fruit of refinancing transactions towards CLO resets, which give equity investors the benefit of longer reinvestment periods as...
View ArticleSwinging spreads give corporate bond buyers a headache
Corporate bond issuance in Europe slowed to a trickle on Thursday after the gush of trades on Wednesday, as investors said they were growing increasingly tired of the recently popular execution method...
View ArticleHKEX and HKSTP pave way for tech IPOs with new platform
Hong Kong Stock Exchange and Hong Kong Science and Technology Parks Corp have launched a platform to help technology companies list and to bolster the city’s credentials as a tech investment hub.
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