Euronext dividend futures open up to US
Euronext announced on Monday that the Commodity Futures Trading Commission (CFTC) has allowed it to provide US investors with direct access to CAC 40 and AEX dividend index futures.
View ArticleDaimler goes solo but fortissimo with €4bn treble
Daimler was the only company to issue a new bond in the European market on Monday, but it brought a huge, €4bn deal. And it maintained the recent trend for pushing out to longer maturities.
View ArticleWagamama forks for sweet deal in piping hot sterling HY market
The UK’s eighth largest restaurant chain, Wagamama, opened a two day roadshow on Monday, as it plans to call its debut bond and make savings in a sterling market awash with demand.
View ArticleCinven-backed Jost revs up Frankfurt IPO for at least €130m
Germany’s Jost Group, which makes safety systems for trucks and trailers, wants to list in Frankfurt to raise €130m of new capital and a yet-to-be-determined amount for the selling shareholders.
View ArticleGeneral Atlantic sells another chunk of Springer at tight discount
General Atlantic, the investment firm run by William Ford, launched on Monday night the sale of half its remaining stake in Axel Springer, the German media group. The €123m sale is covered, the range...
View ArticleSagi rolls dice for £318m Playtech block
Playtech’s founder is selling a major chunk of his stake tonight, for up to £317.9m, after shares in the gaming software developer have surged 20.3% this year.
View ArticleSoFi, College Ave add offerings to crowded ABS market
Online lender SoFi and first time student loan ABS issuer College Avenue are bringing deals to a busy pipeline, as investor demand for new securitizations carries into the summer.
View ArticleLadder conduit marks CMBS split
Non-bank commercial mortgage lender Ladder Capital priced its first CMBS transaction on Friday, with investors demanding more spread to compensate for credit and lower liquidity compared to bank...
View ArticleIADB aims for rare 10 year dollar benchmark
The Inter-American Development Bank is set to tackle the 10 year part of the dollar curve, a maturity that most of its peers have avoided so far this year.
View ArticleHK delta one warrants judged exempt from reporting
Hong Kong regulators on Tuesday decided that Delta one warrants will not be classified as over-the-counter derivatives products, mirroring the actions of European Union authorities.
View ArticleEuros on fire as Spain and KfW go large, AFD and EFSF line up
Euro conditions are excellent for public sector borrowers, with Spain pulling in a nearly €30bn book for an €8bn 10 year — which bankers away from the trade said indicated a high presence of quality...
View ArticleNetherlands offers second sell down in ABN Amro
The Dutch government is selling down its second block of shares this evening in ABN Amro since November. Books for the deal are already covered.
View ArticleEuropean levfin brushes off Stada takeover flop
After Bain Capital and Cinven failed to convince Stada stockholders with their €66 a share offer, a disappointed European leveraged finance market got on with pricing some €4bn of bond and loan deals...
View ArticleTime for a consistent conditional pass through
Part of the selling point of covered bonds is that they are a relatively easy to understand, safe investment. But this has become less true over time, especially in conditional pass through structures....
View ArticleAll hail Europe’s Goldilocks bank rescues
It's been uncanny how all of Europe’s recently failing financial institutions have failed in just the right way to ensure the most favourable outcome for the competent authorities.
View ArticleUS lev loan volume hits all-time record in first half
Issuance of leveraged loans hit $548bn in the first half of this year, setting a record for any first or second half, according to S&P Global Ratings.
View ArticleDemand drives increase for Discover card deal
Prime credit card ABS is drawing a crowd this week, with joint leads pumping up the size of a deal from Discover Bank before pricing on June 26.
View ArticleCAI adds to upswing in container lease ABS offerings
CAI International is the latest issuer to revive activity in container lease securitization, as the asset class outpaces aircraft ABS as the most active corner of transport ABS in 2017.
View ArticleAFD scoops €1bn after licence switch request
Agence Française de Développement has passed its first capital markets test since asking for permission to change its banking licence, raising €1bn with a 15 year deal on Wednesday. The choice of tenor...
View ArticleHeathrow prints €500m 15 year amid rates turbulence
On Wednesday, Heathrow returned to the euro bond market for the first time for over two years. The UK airport company printed a €500m 15 year deal, following the lead of Daimler and Gecina earlier in...
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