IADB, NWB tap Kangaroo long end
The Inter-American Development Bank raised A$100m ($76.1m) on Tuesday by tapping its June 2026 Australian dollar bonds, despite the remaining maturity falling short of where most long end Kangaroo...
View ArticleG20 leaders’ historic chance to advance climate risk management
What will happen to share prices and bond returns if the climate warms by 1.5°C, 2°C, 3°C? You don’t know, and neither does anyone else. But these scenarios are probable. It’s time we worked it out —...
View ArticleEuropean Parliament ratifies principles-based approach to covered bond harmony
The European Parliament has approved a report that favours a principle-based approach to harmonising features of the European covered bond market.
View ArticleEFSF grabs real money bid for jumbo long end tranche
The European Financial Stability Facility on Tuesday enjoyed the rare treat of bringing a dual tranche trade that garnered more interest for the longer than the shorter leg. That result surprised...
View ArticleBye-bye Basel
The Basel Committee was a wonderful idea when at first. But with bank liquidity measures becoming more difficult to codify and different jurisdictions going their own way on a number of issues, the...
View ArticleBCBS reports on Basel III progress
The Basel Committee on Banking Supervision on Tuesday commended international efforts to build “larger” and “better-quality” capital and liquidity buffers, but warned G20 countries that regulatory...
View ArticleSantander’s rights comes at slim discount, rewards host of banks
Banco Santander has launched its €7.07bn fully underwritten rights issue to support its acquisition of the failed Banco Popular Español, saying it expects to make a return on investment on the deal of...
View ArticleEmpiric seeks £150m to buy more student halls
Empiric Student Property, the London-listed real estate investment trust that owns UK student accommodation, is seeking to raise £150m, in its sixth equity issue since its £85m IPO in June 2014. The...
View ArticleAFD’s new licence to mean more MTNs
Agence Française de Développement’s plans to change its banking license will lead to it selling more private placements, according to Bokar Cherif, the agency's head of treasury.
View ArticleNational Grid hacks at pricing
National Grid North America came with a rare transaction on Wednesday, dragging pricing in 25bp from the wide end of initial price thoughts in a trade that bankers away from the deal praised.
View ArticleAnnington finds perfect home among sterling investors
UK property company Annington dazzled with the second largest sterling trade from a corporate borrower ever on Wednesday, despite the complexity of its story. The deal could light a fire under British...
View ArticleBNG takes slim dollar window to roll over floater
Bank Nederlandse Gemeenten will nip into the briefest of windows in the dollar market this week to roll over a floating rate note maturing next week.
View ArticleCVC feeds Pasubio LBO to early birds as margins tighten
Pasubio, the Italian maker of speciality car upholstery, is funding its buyout by CVC with a leveraged loan and revolver launched on Wednesday in an issuer-friendly market.
View ArticleDroit scores five banks for MiFID II platform
Droit Financial Technologies has signed up five banks to its Market in Financial Instruments Directive II – MiFID II – trade compliance platform.
View ArticleGetBack gets done at bottom of range
GetBack, the Polish debt collection company, has priced its Warsaw IPO at the bottom of the range, in a further sign of the variety of outcomes in the present flotation season.
View ArticleFlorida senator floats bill to cap federal student loan rates
Senator Bill Nelson (D-Florida) has proposed legislation to cap undergraduate federal student loan interest rates at 4%, following a slew of federal student loan rate hikes that kicked in last week.
View ArticleUS CLO watchers eye downside with spreads at record tights
Some market observers are growing wary of downside risk in the US CLO market, with a raft of deals being priced at levels at or close to post crisis tights.
View ArticleGoldenTree, GTIS partner up on new real estate debt fund
GoldenTree Asset Management and real estate investment firm GTIS Partners have teamed up on a joint venture focusing on financing real estate debt across a host of property types.
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