Bank of America flatlines as firm builds energy reserves
Lower litigation costs helped Bank of America's wholesale business in the fourth quarter last year, but profits took a hit as the bank built its reserves against losses on its energy lending.
View ArticleArmacell launches €660m of Blackstone buyout debt
Armacell, the German foam insulation manufacturer, has launched a€660m debt acquisition package to back its buyout by Blackstone and Kirkbi from Charterhouse Capital Partners.
View ArticleNBAD Stumbles upon senior debt originator at HSBC
National Bank of Abu Dhabi has hired a new head of transaction management in debt origination and distribution.
View ArticleBarclays insists: equity financing, derivatives can work without cash equities
Barclays insists it can continue to thrive in Asian and emerging markets equity financing and equity derivatives, even while closing its cash equities businesses in those regions. It also wants to...
View ArticleItalian utilities swell innovative minibond ABS
Four new Italian water utility companies have joined an innovative minibond securitization arrangement in the Veneto region that enables small public sector operators to reduce their reliance on...
View ArticleCreditors set to reject Heta buyback
The small and debt laden Austrian State of Carinthia has made an offer to buy back a large chunk of the more than €11bn in soured bonds issued by failed bank Hypo Alpe Adria that it guaranteed before...
View ArticleVeritas sets date for revised buyout, with less debt
Veritas Technologies, the US software firm that Carlyle Group is buying from Symantec, will aim to complete the $7.4bn sale next week after failing to secure financing in November last year.
View ArticleProperty firms face downgrades if RMB slides further
Chinese property developers could face rating downgrades if the renminbi continues to fall, according to Standard & Poor’s.
View ArticleBoehm stays as LMA chief but Lamoril quits
As two senior Loan Market Association members leave the loan market, one will relinquish his role at the LMA while the other will stay on.
View ArticleRed chip Pandas in doubt as BC roars
The Chinese Panda bond market has gone from strength to strength since its revival last September with the Province of British Columbia (BC) becoming the latest to issue, raising Rmb3bn ($456m) on...
View ArticleThe icing on the awards cake
The sweetest part of the awards season is not the moment when you get to pick up the trophy but the chance to get well oiled at the party, while someone else picks up the tab.
View ArticleChips fall in Asia for Barclays as IB and equities cut
Barclays beat a hasty retreat this week from the bulk of its investment banking operations in Asia, shuttering offices in multiple countries and slashing hundreds of jobs amid a wider global cull in...
View ArticleMaybank, CIMB add to ECM teams
Maybank has poached Naguib Hussin from CLSA for its equity capital markets desk in Malaysia. He replaces Norly Khalim, who has transferred to another department within the Malaysian lender.
View ArticleChina Shengmu makes slow progress with $120m loan
Only one lender is understood to have made a commitment to join China Shengmu Organic Milk’s $120m three year facility, which has been in syndication since December.
View ArticleAlfa lines up successor to Lawrence
Igor Knyazev will be taking over the role of group treasury chief at Alfa Bank in Russia when Michael Lawrence retires in June.
View ArticleLBBW seizes moment after ECB bounce
LBBW decided to launch €1.25bn of three year fixed rate senior notes on Friday, after hints of more stimulus from the European Central Bank gave a boost to market sentiment.
View ArticleUniCredit launches third tender for retail sub debt
UniCredit has offered to buy back up to €1.8bn of subordinated bonds mainly held by retail investors for the third time this year, as it looks to clean up its capital structure.
View ArticleNIB prints £250m in strong sterling market
The Nordic Investment Bank added to a busy week in sterling on Friday by printing a £200m March 2019 bond.
View ArticleSecondary pricing update: featuring Spain's €9bn April 2026
A volatile week in markets saw some big swings versus swaps and benchmarks this week.
View ArticleCorporate public bonds may be shut, but BMW prolific in MTNs
In a week virtually devoid of corporate bond issuance in Europe, BMW came out on Thursday with five privately placed floaters, including one €600m two year deal.
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