Sterling already back on menu as Compass roadshows
Compass Group, the UK food service company, has hired banks for a potential euro or sterling bond issue, though some investors have doubts as to whether the sterling credit market can shrug off the...
View ArticleBNG opens up euro mart giddy with election euphoria
Bank Nederlandse Gemeenten slam-dunked a single day euro execution on Monday into a market buzzing from a pair of eurozone election results over the weekend. Another two issuers have lined up euro...
View ArticleTennet’s €1bn green bond suggests cooler appetite
Tennet, the Dutch electricity grid company, brought a €1bn dual tranche green bond issue today that was oversubscribed, but by less than has been common, suggesting that demand for corporate bonds may...
View ArticleISDA warns EC on euro clearing location policy
The International Swaps and Derivatives Association (ISDA) has advised European Commission officials against legislating to relocate the clearing of euro denominated products to the Eurozone.
View ArticleKBN and IADB line up dollar deals ahead of likely Fed hike
A pair of SSAs are set to nip in with dollar deals ahead of a US Federal Open Market Committee meeting on Wednesday at which investors overwhelmingly expect a target rate rise — although the strength...
View ArticleCorporate bond market buoyant as En Marche heads for power
The euro corporate bond market started the week on the front foot after French president Emmanuel Macron’s party won the first round of parliamentary elections on Sunday and set up a likely landslide...
View ArticleDiplomatic crisis with Qatar may hurt aircraft ABS – S&P
The severance of trade and transport ties between Qatar and several Gulf states on June 5 could negatively impact aircraft ABS transactions with exposures to Qatar Airways, according to a recent...
View ArticleLending Club markets first sponsored deal
San Francisco-based online platform Lending Club is sponsoring its first multi-seller securitization, which is backed by a portfolio of near-prime consumer loans.
View ArticleEC bangs the drum on euro clearing relocation
The European Commission on Tuesday sent the strongest signal yet that continental politicians will work to wrestle euro clearing activity away from the UK as its exits the European Union.
View ArticleCorporate bond issuance slows ahead of FOMC
Although sentiment around the euro corporate bond market is favourable, following Emmanuel Macron’s party’s decisive results in French parliamentary elections on Sunday, only one new issue and one tap...
View ArticleSociété Générale's €1.3bn IPO of ALD is covered at max
The IPO of ALD, the car leasing division of Société Générale, is covered at its maximum size including the greenshoe, ahead of the end of the bookbuild on Thursday.
View ArticleCPPIB makes euro debut as CDP lines up return
A trio of euro borrowers launched trades and a fourth picked banks on Tuesday in a market buoyed by a perceived renewal of European political unity following welcome results in elections in France and...
View ArticleGambling firms set to punt on levloans, says Moody’s
Primary high yield bond issuance from the gambling industry will be rare this year, Moody’s said in a report on Tuesday. But the story may be different in the leveraged loan market.
View ArticleHong Kong and Australian regulators join up for fintech cooperation
The Hong Kong securities and futures commission — HKSFC — has entered into an agreement with the Australian securities and investments commission — ASIC — to establish a framework for cooperation on...
View ArticleVenezuelan bonds: a moral minefield
No matter how you choose to invest in Venezuela, you run into questions of morality. There may be no perfect way to buy Venezuelan bonds, but there is certainly a dubious way.
View ArticleHSBC hires Ritchie for UK banking
HSBC has hired Rob Ritchie as co-head of global banking, UK.
View ArticleRenovate America promotes Moore to chief lending officer
Property Assessed Clean Energy (PACE) provider Renovate America has promoted Patrick Moore, the president of its licensed lending subsidiary to the newly created position of chief lending officer.
View ArticleDomino’s Pizza adds dough to ABS delivery
The bookrunners of a refinancing transaction for Domino’s Pizza increased the size of the deal before pricing on Monday, amid a spike in deal activity for whole business ABS.
View ArticleTD Securities brings in euro trader for SSAs and covered bonds
TD Securities has hired a trader to cover the euro SSA and covered bond markets, adding euro capacity to a bank that has focused mainly on dollars and other currencies so far.
View ArticleSterling strength on show with AT&T
A sterling transaction for US firm AT&T showed little sign of the stresses the UK is under after the telecoms company launched a £1bn September 2037 bond. The trade came with a negligible new issue...
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