ESMA welcomes EC proposal on euro clearing
The European Securities and Markets Authority (ESMA) on Monday reacted positively to last month’s European Commission proposal on third country central counterparties (CCPs), which offered the...
View ArticleUK infra debt fund GCP seeks its next £50m
Shares in GCP Infrastructure Investments fell as much as 2.3% in London today after the company launched its 12th follow-on capital raising since its £40m IPO in 2010.
View ArticleTUI exits Hapag-Lloyd in €250m block priced with no discount
TUI, the German travel and tourism company, has sold the last of its shares in Hapag-Lloyd, the shipping company that was floated on the Frankfurt Stock Exchange in November 2015, through an...
View ArticleCastlelake bond buyers shrug off Qatar crisis headwinds
The trade and transport volatility caused by the diplomatic crisis in Qatar did not stop investors from purchasing Castlelake LP’s latest aircraft securitization, which analysts say could be impacted...
View ArticleEuropean Commission seeks NPL fix
The European Commission on Monday announced that will consult with industry participants for a solution to the eurozone's non-performing loan issue, with an eye to developing a more efficient secondary...
View ArticleUS CMBS volumes surge as lenders up their game
US CMBS volumes have raced past last year’s figures, with CMBS lenders competing harder on pricing with other forms of commercial real estate financing, despite lingering concerns over the retail...
View ArticleCFPB blocks arbitration clauses for consumer finance products
The Consumer Financial Protection Bureau (CFPB) handed down a rule on Monday eliminating arbitration clauses that bar consumers from bringing class action lawsuits, a move that could spell trouble for...
View ArticleStanChart loses executive director in loans team
An executive director in the loan syndicate and distribution team at Standard Chartered has left the bank, according to two sources.
View ArticleSSAs keep it short in dollars
Public sector borrowers are staying conservative in the dollar market this week, opting for short dated trades or floating rate notes. The trend is likely down to issuers having one eye on expected...
View ArticleGiancarlo appoints new CFTC innovation head
Acting chairman of the Commodity Futures Trading Commission (CFTC) Christopher Giancarlo on Monday appointed Daniel Gorfine to serve as director of LabCFTC and as chief innovation officer of the...
View ArticleDGCX and ADX to create unified UAE CCP
The Dubai Gold and Commodities Exchange (DGCX) and the Abu Dhabi Securities Exchange (ADX) have announced their aim to work towards a unified clearing house in the United Arab Emirates.
View ArticleDirect Energie seeks €100m in block for Quadran renewables buy
Direct Energie, the French gas power stations group, has launched on Tuesday evening a €100m capital increase as a block trade, to finance its acquisition of renewable energy group Quadran for an...
View ArticleTriple-C issues and the end of ECB intervention
The European Central Bank's loose monetary policy was supposed to ease financing terms for smaller and riskier companies. The high yield bond market's appetite for such issues has been limited — but it...
View ArticleProsper gearing up for second ABS of 2017
Online consumer lender Prosper is preparing to issue its second securitization from its PMIT shelf this summer, following its return to the ABS market earlier this year.
View ArticleUS CLO curve flattens as investors creep down capital stack
The US new issue CLO market sparked back into life this week, with two new deals priced by Tuesday in addition to refinancing and reset activity, as investors shift down the capital structure and drive...
View ArticleRMBi critics are using the wrong metrics
China’s renminbi internationalisation (RMBi) strategy has seen a clear shift from pushing for the currency’s usage abroad to bringing investors into the onshore market. It is time to take a more...
View ArticleMorgan Stanley revamps top Apac IB leadership
Morgan Stanley has rejigged the top brass of its Asia Pacific investment banking division, promoting some of the firm’s veteran bankers.
View ArticlePowerlong, ChemChina seek funds as Sinochem mandates
New issue momentum in Asia’s debt market continues to be strong with Powerlong Real Estate Holdings and China National Chemical Corp (ChemChina) collecting bids on Wednesday, as Sinochem International...
View ArticleQSR delays launch of $466m Malaysia IPO
QSR Brands is not expected to launch its MR2bn ($466m) Malaysia IPO until the end of the year due to operational issues, according to bankers.
View ArticleShandong Energy digs for inaugural bond
Shandong Energy Group Co is set to engage investors for its first offshore bond, with roadshows taking place from Thursday in Asia and Europe.
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