Insurance giant AIG steps into US mortgage bond market
American International Group (AIG) has launched a debut prime jumbo RMBS deal backed by collateral described by Fitch Ratings as among the strongest seen since the financial crisis.
View ArticleBarclays: finding heads for spikes
The UK Serious Fraud Office’s criminal charges of four Barclays executives and the group itself on Tuesday might, at last, satisfy the public desire to see bankers banged up. But it’s hard to see what...
View ArticleSome fiscal powers could strengthen eurozone, says ESM boss
The eurozone could be strengthened by the addition of a “small fiscal capability” to deal with economic shocks, one of its leading financial officials said today, as attention turns to reforming the...
View ArticleAndritz doubles target in lengthy Schuldschein offering
Andritz, the Austrian machinery maker, raised €400m in a dual tranche Schuldschein transaction this week. The large size — with tenors of seven and 10 years — illustrates commercial banks' growing...
View ArticleDeutsche Telekom cleans up Scout24 in €340m block
Deutsche Telekom and a group of shareholders in Scout24, the digital classified advertising group, are in the market this evening to sell a possible €341.4m stake.
View ArticleAIB narrows range to middle after bumper demand
Allied Irish Banks has narrowed the price range on its IPO, having attracted a strong response from investors. The flotation is now likely to raise €3.1bn at the upper end of the range.
View ArticleOrange uses ‘balanced’ bond, block to shed up to 2.6% of BT
Orange, the French telecoms company, sold a third of its stake in UK peer BT Group on Monday night through a block trade, and used another third to back an exchangeable bond, in an attempt to “take a...
View ArticleNo sea-esta for container ABS as Triton taps market for second time
The container lease ABS market continues to pump out new supply, with Textainer Marine Containers hitting the market for the second time in 2017 and market players forecasting strong container trade...
View ArticleSFiL raises $1bn at three years in dollar debut as State of NRW goes long in...
French agency Société de Financement Local (SFiL) raised $1bn with its first ever dollar bond on Wednesday, while the German State of North Rhein-Westphalia pushed out its curve to 2048.
View ArticleManutencoop engineers HY comeback to pave PE shareholders’ exit
Amid bribery investigations, Italian buildings manager Manutencoop SpA returned to the high yield bond market on Wednesday to fund a buyout, in which its cooperative parent will buy private equity...
View ArticleGaranti’s Dutch subsidiary scores oversubscribed loan
GarantiBank International (GBI), a Dutch subsidiary of Turkiye Garanti Bankasi, has signed a $250m loan that was oversubscribed by 19 banks, according to a banker on the deal.
View ArticleMulti-tranche deals keep coming but Safran changes the structure
Two more dual tranche bond deals were priced in euros on Wednesday. BP followed a similar path to previous issues this week, printing eight year and 12 year tranches. However Safran, the French defence...
View ArticleBowen steps down from CFTC, citing "intolerable" situation
Sharon Bowen, commissioner at the Commodity Futures Trading Commission — CFTC — on Tuesday announced she would be stepping down from her role, while communicating her frustration at the Trump...
View ArticleApax, shareholders launch €300m Altran block
Apax Partners and other shareholders are tonight selling a block of about €300m of shares in Paris-traded Altran Technologies.
View ArticleFairfax comes to aid of Atlas Mara as UBN rights issue looms
Atlas Mara, the London-listed company co-founded by Bob Diamond that invests in African financial services, launched a $200m equity capital raising this morning, most of which will be taken up by...
View ArticleAIB IPO heads for home, Evry and Lecta squirm
Allied Irish Banks again tightened guidance on its London and Dublin IPO this evening, moving the lower and upper limits to €4.30 to €4.50 a share.
View ArticleGM Building single asset CMBS launched
Issuers launched BXP 2017-GM on Wednesday, a $1.35bn single asset CMBS transaction backed by the iconic GM Building in Manhattan.
View ArticleSantander gets strong bid for subprime auto deal despite negative sector buzz
Santander Consumer USA priced its latest DRIVE subprime auto ABS offering at tight spreads on Wednesday, brushing aside some of the negative headlines around its lending practices and the declining...
View ArticleSovereigns deaf to clamour for green bonds
Calls are growing louder for sovereigns to pull their weight and assume a leading role in the development of the green bond market. But, as was demonstrated at panels in Euromoney’s Global Borrowers...
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