Norilsk loses out in push for last nickel
For the second time this year Norilsk Nickel tried to push its luck with pricing, only to find that investors would not support it through to the tight end of guidance.
View ArticleEUROPEAN CORPORATE BOND PIPELINE
GlobalCapital's latest information on forthcoming and planned corporate bond issues in the European market.
View ArticleCréd Ag targets TLAC in Samurai whopper
Crédit Agricole sold the largest ever Samurai bond from a European bank on Friday, raising a sizeable ¥203.9bn ($1.8bn) of debt across five tranches.
View ArticleSuperior Industries taps euro bond, dollar loan for German M&A
Superior Industries International, the Michigan-based aluminium wheels maker, has scheduled a roadshow for Monday for €240m of eight year high yield notes.
View ArticleIntertrust appoints global head of capital markets from BAML
Corporate and private equity services provider Intertrust has appointed a new global head of capital markets from Bank of America Merrill Lynch.
View ArticleTwo or three covered trades due next week after busy May
Berlin Hypothekenbank (BHH) is expected to issue its second green Pfandbrief next week alongside one or two other transactions. The new issues follow an eventful May, while June could also prove a busy...
View ArticleSecondary pricing update: featuring ADB's $1.75bn four 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 ArticleFirms report success in streamlining ISDA Master Agreement
A global collaborative effort by financial services companies to streamline negotiation of ISDA Master Agreements has seemingly reaped its rewards, as the companies involved announced on Thursday that...
View ArticleAnother busy week for blocks ends with €1bn Saint-Gobain selldown
Another vibrant week in the equity block trades market was capped off on Thursday night by two big trades in the France and the UK.
View ArticleUS CLO managers push on despite tricky loan backdrop
A strong run in the US CLO new issue market has seen $10bn of paper priced in each of the last two months, despite new issuance of leveraged loans.
View ArticleDerivatives: A force for good
Over the past 30 years, derivatives have been a force for good. Their practical application allows for more risk mitigation, yield enhancement and contingency planning, making financial markets work...
View ArticleSociété Générale’s ALD aims for €6.3bn IPO valuation
Société Générale has opened the books for the Paris flotation of ALD, its car leasing business, which if completed, will be the largest French IPO since asset manager Amundi went public in November...
View ArticleUK BTL deal, Euro CLO pair price in Barca run up
UK buy-to-let deal Oat Hill No.1 and a pair of European CLOs were priced on Friday, as market participants prepared to descend on Barcelona for Global ABS, which kicks off Tuesday.
View ArticleArdagh hedges dollar interest rate risk with sterling debut
Packaging maker Ardagh Group will repay its 2021 dollar floater with a £400m sterling bond printed on Friday, following heavy oversubscriptions of recent sterling deals.
View ArticleBlackstone to buy Sponda in €1.8bn all cash deal
Blackstone has agreed to buy Finnish property group Sponda for nearly €1.8bn in an all-cash deal.
View ArticleESM looks lonely in euro pipe as ECB meeting looms
A European Central Bank meeting on Thursday — coupled with a Monday holiday across much of Europe — has stifled public sector euro issuance. But at least one trade is expected later this week, from the...
View ArticleCorporate bonds to have bread-and-butter June after May feast
Corporate bond bankers in Europe appreciated the break in primary market activity on Monday after the busiest May on record. Bankers said giving investors time to digest the latest trades would help...
View ArticleDollar supply ‘likely limited to floaters and arbitrage’
Arbitrage and floating rate trades are likely to form the basis of any dollar supply from public sector borrowers this week, said SSA bankers, with issuers’ well-funded status and a less than fully...
View ArticleSecond ConvaTec block gets covered inside 30 minutes
This evening, Nordic Capital and Avista have launched the second block trade in ConvaTec, the UK wound care and catheters company, since its £1.6bn IPO in October 2016.
View ArticleBrace yourself for DeVos and her game of loans
Education Secretary Betsy DeVos has clearly demonstrated that she’s not working in the interests of American students, and Senator Elizabeth Warren’s call for a watchdog to hold her accountable is...
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