FIA speaks out against EC's clearing house relocation
The Futures Industry Association (FIA) on Wednesday released a statement arguing that this week's European Commission proposals, which would allow continental regulators to force clearing houses'...
View ArticleCDP brings home €1bn in benchmark comeback
Cassa Depositi e Prestiti sold its first syndicated bond in over two years on Wednesday, returning to capital markets at a time when Italy’s political future looks the rosiest it has for months.
View ArticleLagardere benefits from hitting the sweet spot
Lagardere, the French media group, targeted investors' sweet spot at seven years with its €300m no-grow deal announced at the same time as an investor update call on Tuesday. On Wednesday the issuer...
View ArticleBNP Paribas, Societe Generale sell 6.3% of Euronext for €200m
BNP Paribas and Societe Generale have sold a chunk of their holding in Euronext, the European stock exchange operator, through an accelerated bookbuild on Tuesday night.
View ArticleChina Three Gorges starts flow of Asian green bonds
China Three Gorges Corp, the state-owned hydropower company, brought its first euro denominated green bond on Wednesday. The €650m seven year deal came a year after the company issued its first green...
View ArticleJP Morgan, Barclays, Citi lead Wizz Air clean-up trade for Indigo
On Wednesday evening, Indigo Partners, the private equity group, came to market to offload its entire 18.7% stake in Wizz Air Holdings, the London-listed Hungarian low-cost airline, through an...
View ArticleInvestors race to get in on latest auto ABS
Santander Consumer Bank has taken pole position with its latest auto ABS offering by printing at the tightest spreads the securitization market has seen since the crisis.
View ArticleNew Lending Club ABS deal structure a draw for investors
Lending Club’s debut self-sponsored club deal offering, which priced on June 14, drew attention from investors, who spoke favourably about the new deal structure.
View ArticleMSC cruises through records with unrated Swissie
MSC Cruises, the European cruise company, raised Sfr335m ($343.34m) in the Swiss bond market on Thursday, a record size for an unrated issuer which left the market wondering if a new type of borrower...
View ArticleBoE split provokes Gilts wobble
In contrast with its US counterpart this week, the Bank of England elected to keep its base interest rate on hold at 0.25% at its meeting on Thursday. However, the vote was closer than expected and the...
View ArticleLow supply puts investors in ‘Mexican stand-off’ over Brexit
A few months ago political risk was the new big driver of the markets. Yet as UK politics enters its most uncertain period in decades, the country’s banks are jumping into the market and accessing...
View ArticleMTN Leak: A Peruvian fiesta
Leak went from dining with Santander's “Latin Kings” last week to trying the new branch of Peruvian restaurant Coya in the City with some of the peeps from TD Securities.
View ArticleSymrise, Orpar, Astaldi ride wave of equity-linked demand
The revival of equity-linked issuance in Europe continued this week with three deals, all of the kind investors are looking for: from smaller companies with higher credit spreads and interesting equity...
View ArticleISDA rules supreme as Dexia wins again in Prato swaps case
Dexia Crediop notched up another victory in its long-running swaps dispute with the Municipality of Prato this week, as the English Court of Appeal decided in the bank’s favour.
View ArticleThe strong and stable eurozone
The EU has caught the rest of the world on the hop. Years of neglecting structural reform, anaemic growth, all manner of financial crises, domestic political disruption, ructions with Greece — and now...
View ArticleMarket dials in for cellphone bonds
Verizon Communications priced its second ABS deal of the year this week, attracting strong investor demand.
View ArticleGBP lift social bonds, guide brown issuers
Enthusiasm for green and social bonds is mounting, and revisions to the Green Bond Principles (GBP) announced this week may give the market a further lift. Although many of the same debates still...
View ArticleMinerva gets tap despite Brazil protein sector troubles
Meatpacker Minerva sold the first Brazilian cross-border bond since renewed corruption allegations against Brazilian president Michel Temer shook the market last month, tapping its 2026s for a further...
View ArticleBrighthouse debut sets the post-Fed pace
Brighthouse Financial became the first dollar issuer to come out of the blocks following the Federal Reserve’s decision to raise rates on June 14.
View ArticleMosaic Lines Up Second Securitization
Solar lending platform Mosaic is preparing to launch its second asset-backed securitization just four months after sealing its inaugural ABS offering writes Fotios Tsarouhis.
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