Private equity funds get securitization treatment
Banks have approached rating agencies with an eye on possibly securitizing portfolios of private equity fund investments, like the collateralized fund obligation that was priced last week, as credit...
View ArticleCME to start trading Australian wheat futures
The CME Group has opened trading for an Australian wheat futures contract which will compliment the exchange's other global grain contracts.
View ArticleDaimler, LBBW produce first Schuldschein on blockchain
Daimler and Landesbank Baden-Württemberg have launched on Wednesday the first Schuldschein issue to be sold using blockchain technology.
View ArticleSoitec owners sell €124m block after 100% rally
Three shareholders in French electronics firm Soitec pocketed €124m from an overnight equity block trade on Tuesday, which came on the heels of a 100% rally in the stock since the start of the year.
View ArticleDomino's Eurasia owner tumbles 20% after London debut
DP Eurasia, the owner of the Domino's Pizza franchise in Turkey, Russia, Azerbaijan and Georgia, plunged 20% on its debut today in London after its £148m IPO, as investors turned skittish.
View ArticleUS private label mortgage market gains steam
AIG priced a debut RMBS deal on Monday, while three transactions backed by seasoned performing, reperforming and nonperforming loans hit the primary market this week with investor demand for non-agency...
View ArticleKorian enters CB market with funky hybrid
Korian, the French group that provides care homes for the elderly, today became one of the very few companies to have issued a convertible bond structured to gain equity credit under IFRS.
View ArticleCredit card ABS could be the next victim in US retail shakeout
Private label and co-branded credit card ABS could see a spike in charge-off rates amid store closures and mounting problems in the US retail industry.
View ArticleEFSF next up in red hot euro market
The euro market showed its strength for SSA borrowers this week, as Agence Française de Développement succeeded in bringing a deal after requesting a change in its banking licence and KfW kept up its...
View ArticlePampa on hold as peso weakness takes toll
Argentine energy holding company Pampa Energía said on Thursday that it was delaying a planned peso-linked bond sale, as Lat Am DCM bankers said that caution was the most sensible path for the borrower.
View ArticleKuo increases size of rare bond for debt-neutral trade
Mexican conglomerate Grupo Kuo sold $450m of 10 year non-call five notes on Thursday in its first international bond sale in five years, as bankers praised the issuer for its timing.
View ArticleCórdoba clinches $450m for gas pipeline
Argentina’s second most populated province raised $450m in international bond markets on Thursday in a deal that bankers away from the trade viewed as coming tighter than expectations.
View ArticleBanorte wins blow-out on AT1 debut
Some syndicate bankers saw Banorte’s debut additional tier one (AT1) bond as tight to comps, but investors piled into the deal on Thursday claiming that the Mexican lender was offering greater value...
View ArticleZhongyuan places half of $1bn IPO with cornerstones
Chinese commercial lender Zhongyuan Bank has opened the books on its HK$8.34bn ($1.1bn) IPO after securing commitments from three cornerstone investors for about half the deal.
View ArticleStanChart adds to US cap markets team
Standard Chartered has appointed a new head of US corporates to lead coverage of investment grade North American corporate issuers in debt capital markets.
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