Mizuho beefs up US equities with converts and derivs senior hires
Mizuho Securities USA, the US investment banking subsidiary of Mizuho Financial Group has expanded its US equity platform with senior hires in equity derivatives and convertibles.
View ArticleISDA extends Novo Banco external review deadline
ISDA has extended the deadline for an external review panel to decide whether Novo Banco has triggered a credit event, adding to the protracted deliberations over the Portuguese bank.
View ArticleNAB shareholders 'overwhelmingly' approve Clydesdale sale
Shareholders of National Australia Bank, the owner of Clydesdale and Yorkshire Bank Group, have voted to separate NAB and CYBG as a final nudge for the UK institution before it is due to float early...
View ArticleRegs causing US options to diverge from wider market, say traders
Concerns are mounting among some US options market participants that regulation is having adverse effects on their business and fueling a rift between financial market performance and economic data.
View ArticleWinWater to sell jumbo RMBS
WinWater Home Mortgage is looking to sell its first prime jumbo RMBS transaction of the year in a deal structured by Wells Fargo Securities and Bank of America Merrill Lynch.
View ArticleFFELP troubles paint murky picture for new deals — Navient
Navient Corporation stated in an earnings call on Wednesday that ongoing market volatility and changes to Federal Family Education Loan Program (FFELP) ABS ratings criteria would be limiting factors in...
View ArticleGB Principles circle closer to green definition
Two new working groups of the Green Bond Principles will begin work next week, on defining greenness and on impact reporting. The move is part of the green bond market’s effort to define itself more...
View ArticleSour mood ruins rally in choppy week for European credit trading
Credit markets endured another rollercoaster week as persistent nervousness prevailed over intermittent optimism and soured an earlier rally.
View ArticleAIB and WL enjoy strong receptions
AIB Mortgage Bank attracted robust demand for its €1bn seven year covered bond issued on Thursday, and WL Bank also did well despite the difficult 10 year tenor and measly spread.
View ArticleUKAR tenders for B&B’s covered bonds
UK Asset Resolution, the UK government’s holding company that has owned the mortgage book of Bradford and Bingley (B&B) since its nationalisation in September 2008, has announced a tender offer and...
View ArticleFive looks to be a ‘sweet spot’ in euros for SSA investors
Bankers say that five years appears to be the right point in euros in a week in which a raft of issuers hit the books.
View ArticleMarketplace loan ABS gets newcomer with Earnest offering
California-based online consumer lending platform Earnest is marketing EARN 2016-A, a debut rated transaction backed by student loans.
View ArticlePeople Moves in Brief
Syndicate vet switches to credit sales - Diamond moves up at DB - UBS carves out capital team
View ArticleCAF holds investor call ahead of dollar benchmark
Latin America multilateral lender Corporación Andina de Fomento (CAF) held an investor call on Thursday ahead of a likely return to bond markets, although some in the market were surprised that the...
View ArticleDominican Republic trades up but HY looking grim
The Dominican Republic re-opened the high yield bond market for Latin American borrowers last Friday, but, despite the new note trading above par, the sovereign is unlikely to find much company in the...
View ArticlePemex bond brings in brave new world for EM commodity companies
Latin American debt capital market bankers proclaimed that Pemex had “validated a new reality” for EM commodity credits in the bond markets after the Mexican state owned oil giant issued $5bn at new...
View ArticleAscential’s IPO covered by third day of bookbuild
Ascential, the information and events business formerly known as Top Right Group and Emap, has got its London IPO covered.
View ArticleOTC margins: The challenges of regulatory compliance
Even by the standards of today’s fast-changing regulatory environment, the new OTC variation margin requirements due to be introduced from March 2017 pose a major challenge to sell-side and buy-side...
View ArticleObservers eye attractive "entry point" with latest SLABS pricing
Student loan ABS market observers think that the time may be right to jump into SLABS, as the market is now offering some of the cheapest triple-A credit in ABS.
View ArticleTurbo Finance to reopen UK auto ABS market
FirstRand Bank has announced its sixth UK auto ABS deal, the first publically placed UK auto offering since September last year.
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