New Look dip reveals HY market cracks over UK retail
New Look, the UK fashion retailer saw its bonds trading down after negative quarterly results this week just as fears mount of a downturn for the sector. That has left high yield investors divided...
View ArticleBAT shows August doesn’t mean the shop is closed
After bringing the second largest bond transaction of the year in the US on Tuesday, British American Tobacco topped up its borrowing with a €3.6bn-equivalent four tranche dual currency deal on Wednesday.
View ArticleA decade after BNP Paribas fund freeze, liquidity still haunts ABS
August 9 marks the 10 year anniversary of BNP Paribas’s freezing of three hedge funds that had invested in subprime mortgages. Widely regarded as one of the opening events of the global financial...
View ArticleVantiv taps $1.6bn for Worldpay merger
US payments processor Vantiv has signed a $1.6bn term loan with a trio of banks for its £9.3bn merger with UK peer Worldpay.
View ArticleSIX Swiss and Nasdaq form DLT link
Chain, a Nasdaq technology partner, has agreed to supply SIX Swiss Exchange with distributed ledger technology to support OTC structured products.
View ArticleCORPORATE BOND PRICED DEALS TABLE 2017
GlobalCapital's list of European corporate bond issues in euros and sterling, with links to stories about the deals.
View ArticleUK ABS investors lay low in August, but prep September comeback
The UK ABS market has slowed with the rest of Europe in August, with fewer investors seen participating in recent deals, but sources say September is primed for a strong comeback.
View ArticleSSA syndicate head to leave Morgan Stanley
Morgan Stanley’s head of SSA syndicate Andrew Salvoni is set to leave the bank, GlobalCapital understands.
View ArticleNBG and others looking at Greek covered bond return
National Bank of Greece (NBG) and another Greek issuer have confirmed they are looking at issuing the first Greek covered bond since the sovereign crisis. An investment grade rating is not necessarily...
View ArticleEuroChem to sign loan to refi $325m of bond
Russian fertiliser company EuroChem is due to sign a loan in three weeks’ time to refinance $325m of a $500m bond it launched in June as well as previous loan facilities.
View ArticleBNP Paribas hires for FIG syndicate
Matthew Duff has left Lloyds to join the FIG syndicate team at BNP Paribas, replacing Jennie White.
View ArticleTesla drives off with covenants on $1.5bn bond debut
US electric car manufacturer Tesla brought the roadshow for its $1.5bn eight year debut bond offering to California on Thursday. The company can do no wrong in many observers’ eyes, although stripped...
View ArticleThe crisis 10 years on: liquidity still the problem
We are now a decade on from the start of the global financial crisis, the event that has defined public perception towards finance and the rules and regulations which govern it. It is still misunderstood.
View ArticleOnly nuclear winter can stop hot summer for dollars
The public sector dollar market looks set to enjoy healthy flows for the rest of the summer, with some small deals lined up and geopolitical tensions failing to cause any large disturbances to rates.
View ArticleInvestors circle Greek servicers as NPL momentum builds
Private equity firms and loan investors are upping their interest in Greece, prompting a rush to establish servicing platforms to take advantage of the attractive fees associated with the resolution of...
View ArticleBooming cryptocurrency capital market goes legit with first SEC-compliant deal
Filecoin, one of the first cryptocurrencies to function in explicit compliance with SEC securities regulation, is set to launch on Thursday on a platform called Coinlist, a fund-raising platform to...
View ArticleHolland & Barrett still at till with LBO financing
All eyes in the leveraged loan market this week were trained on UK health food retailer Holland & Barrett.
View ArticleVedanta scores loan hat-trick with $300m deal
Indian company Vedanta Resources is in talks with banks for a $300m borrowing for its mining operations in South Africa, setting the wheels in motion for its third international loan of the year.
View ArticleIndonesia's Medco navigates choppy market
Indonesia’s Medco Energi Internasional braved a rocky market to grab $300m on Thursday, deciding to go ahead with its issuance on expectations of worse conditions further ahead.
View Article21Vianet, Huiyuan, Greenland net $850m combined
21Vianet Group, China Huiyuan Juice Group and Greenland Holding Group managed to steer their dollar outings in the right direction on Thursday, defying any concerns among investors to get their deals...
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