Look gift horses in the mouth
“I was confused before I went in, and even more confused when I came out,” was how one EM investor described meeting Etihad and its partners to discuss its now infamous structured notes.
View ArticleStada buyout proving difficult pill to swallow
With the deadline for Bain Capital and Cinven’s second attempt for German pharmaceuticals manufacturer Stada coming, and going, on Wednesday at midnight the 63% approval threshold looks poised to again...
View ArticlePersonal loans scarier than autos, say investors
Over the course of the summer the Bank of England and much of the media has been anxious about the growth of the UK auto lending sector, but ABS market participants say the worries are focused on the...
View ArticleMacquarie brings home Chief Economist
Macquarie has hired Ric Deverell as chief economist and head of macro research.
View ArticleEurobank nears landmark Greek NPL sale
Final bids are due by the end of the month for a landmark €2.8bn transaction in the resurgent Greek non-performing loans market, as banks from the country rush to meet European targets to clean up...
View ArticleSSAs broaden horizons with niche MTNs
Public sector borrowers are adding new flavours to the flurry of emerging market paper that has dominated flows in the medium-term note market throughout the summer, printing trades in currencies they...
View ArticleCFTC settles with Aruban Copersucar subsidiary
The Commodity Futures Trading Commission (CFTC) this week settled with Aruba-based Copersucar Trading over wash trade allegations involving sugar futures traded on Intercontinental Exchange US.
View ArticleLucky escape for Zhongtai's $300m debut
Zhongtai Securities Co priced its first international bond on Thursday, finding a narrow window to bag $300m before markets turned volatile once again.
View ArticleLaotian trio mull overseas dollar syndications
Cathay United Bank has invited lenders for meetings in Laos during the first week of September, as it prepares to launch three different loans from the country.
View ArticleSrei eyes IPO of equipment financing unit in India infra push
Srei Infrastructure Finance plans to list its equipment financing arm in India to raise about Rp20bn ($312m), amid the country’s push for infrastructure investments.
View ArticleCorporate bond week ahead: To Jackson Hole and beyond
While the European markets surprised no one in registering a blank week in terms of new corporate bond issuance, the US market pushed the upper end of expectations, going beyond $25bn. A lower total is...
View ArticleBond Connect investors test drive Ford China ABS
Ford Automotive Finance (China) has pulled off an impressive return to China’s auto ABS market. The company raised an eye-catching Rmb3.46bn ($518.4m) from its latest deal — and brought in the first...
View ArticleCapital Intelligence introduces novel covered bond rating approach
Covered bond ratings newcomer, Capital Intelligence Ratings (CI), has set out its covered bond rating methodology. Its approach uses the same main credit risk elements as the other agencies, but...
View ArticleStraumann walks away from Sfr243m treasury share sale
Straumann Holding, the Swiss maker of dental implants, abandoned a selldown of treasury shares on Thursday night after investors demanded a bigger discount than the company was willing to offer.
View ArticleNew funding head for Kommuninvest as Gånge departs
Kommuninvest has looked internally to replace its head of funding Anders Gånge, who is leaving to join the Riksbank, Sweden’s central bank.
View ArticleIntesa to sign Rosneft loan by mid-September after delays
Intesa is expecting to close its €5.2bn syndicated loan deal to finance Qatar Investment Authority and Glencore’s acquisition of a 19.5% stake in Rosneft by mid-September after much delay.
View ArticleGerman issuer closes private SME ABS with EIF
An ABS transaction backed by leases made to small and medium sized enterprises (SMEs) originated by abcfinance GMBH closed at the end of last week, with the European Investment Fund participating in...
View ArticleWarehouse Reit IPO offers play on e-commerce growth
The UK’s vibrant market for real estate investment trust IPOs gained yet another deal on Monday when Warehouse Reit, a real estate investment trust focused on UK warehouse property, announced its...
View ArticleISDA slams EU location policy, demands legal certainty post Brexit
The International Swaps and Derivatives Association (ISDA) on Monday spoke up against a potential location policy for central counterparties (CCPs) after Brexit, saying that constraining euro...
View ArticleRenten and NWB spark euro reopening
The euro market for public sector borrowers appears to be fully reopening after the summer break, with a pair of issuers bringing mandates in very different tenors. Both trades are likely to benefit...
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