DCM view: Covered bonds and bank capital braced for dovish taper
Rates could be hiked before the end of quantitative easing, it is reasonable to expect some Spanish covered bonds to trade in line with some in France, and although additional tier one is expensive to...
View ArticleVerizon prints largest Kangaroo of 2017 on debut
Verizon Communications launched its first Australian dollar bond on Thursday. The four tranche deal is the largest corporate bond in the currency this year, raising A$2.2bn ($1.75bn) when it was priced...
View ArticleCorporate bond week ahead: Sterling holds highest hopes for Europe
Anglian Water’s £250m eight year green bond was the only corporate new issue that priced this week. If there is to be any issuance next week, it is expected to be in sterling.
View ArticleWorld Bank and Mexico team up on catastrophe bonds
The World Bank has issued $360m of catastrophe bonds that provide insurance protection for Mexico in the event of three natural disasters.
View ArticleTriple Point Social Housing Reit raises £200m for social housing acquisitions
Triple Point Social Housing, the real estate investment trust focused on UK social housing assets, has successfully placed £200m of new shares after finishing its IPO on the London Stock Exchange.
View ArticleGiancarlo gets the nod, gains two colleagues
The US Senate on Thursday unanimously voted to confirm Christopher Giancarlo as chairman of the US Commodity and Futures Trading Commission (CFTC), a role he has held in an acting capacity since June.
View ArticleReal estate dominates China HY but regulation hurdles loom
Chinese real estate firms have been the source of many of Asia’s high yield deals in the past few years. The landscape is changing, however, due to a complex mix of Chinese regulatory efforts to make...
View ArticleFresenius poised to issue more debt for NxStage buy
German dialysis services provider Frensenius will issue debt backing its $2bn acquisition of US peer NxStage “in due course”, a source close to the situation told GlobalCapital on Tuesday.
View ArticleUS market blazes as Europe waits for BAT to spark up
European corporate bond markets remain focused on British American Tobacco’s multi-tranche deal expected later this week. However, nine different investment grade issuers printed new issues in the US...
View ArticleCodelco buy-back nearly maxed out by early bird deadline
Investor interest in the second leg of Chilean copper miner Codelco’s tender offer has been strong, with almost $1bn of bonds tendered by the early bird deadline.
View ArticleForbo pockets Sfr91m from treasury share sale
Forbo Holding, the Swiss maker of floor coverings and construction adhesives, came to market on Monday night to sell some of its own treasury share via an accelerated bookbuild.
View ArticleMémora Servicios Funerarios expects calm success for LBO loan
Conditional books are already oversubscribed for the €240m term loan that funds the Ontario Teachers' Pension Plan's acquisition of Mémora, the Iberian funeral services provider.
View ArticlePublic sector bond dealers prepare for post-summer bunfight
Public sector DCM bankers are readying for what one has dubbed a “super hotly contested” post-summer funding session thanks to well-funded issuers and strong conditions.
View ArticleCarlyle readies CLO refi in sleepy August
The CLO sector has quieted down with the rest of the securitization market in August, with a refinancing of a 2015 deal from Carlyle Group among the only offerings on the horizon for the month.
View ArticleRakbank to rake in $250m for loan debut
The National Bank of Ras Al-Khaimah (Rakbank) has launched its first syndicated loan for $250m with a three year tenor.
View ArticleEurex factor index derivatives open up to US
With regulatory sign off, the doors have opened for US derivatives market participants to trade futures linked to iStoxx European equity factor indices on Eurex.
View ArticleEurazeo adds to Spanish flavour of lev loan market with Iberchem
Eurazeo, the private equity firm, is offering a €175m loan deal to fund the leveraged buyout of Spain’s Iberchem, a fragrance and flavour maker, from Magnum Capital.
View ArticleNorth Korea-US stand-off concerns FIG market
Financial indices widened on Wednesday morning as investors saw bellicose rhetoric between North Korea and the United States as heightening risk.
View ArticleQE driving Italian investors away from govvies
The European Central Bank’s asset purchase programme is forcing down the yield on Italian debt, prompting Italian bank investors to reduce exposure to their sovereign’s paper.
View ArticleUkraine’s Kernel in talks with banks about new loan
Grain and sunflower oil producer Kernel is in talks with international banks about coming to the market this year with a new syndicated loan.
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