ABS pipeline empties as summer winds down
The European ABS primary market has quieted as summer goes into the home stretch, with little for investors to sink their teeth into, though secondary activity has remained upbeat in the meantime.
View ArticleBAML and Deutsche seek settlement in SSA lawsuit
Bank of America Merrill Lynch and Deutsche Bank, two of the institutions named in a US lawsuit alleging manipulation in the dollar SSA market, have filed preliminary settlements for a total $65.5m,...
View ArticleGanske parts company with Axa
Michael Ganske has left his role as head of emerging markets fixed income at AXA Investment Managers (AXA IM).
View ArticleWorld Bank prepares jumbo dollar test
World Bank will find out whether what has been a resilient market for public sector dollar issuance over the summer can support a jumbo trade, after mandating for what will be the first such deal in...
View ArticleUkrainian loan pricing expected to come in
Ukrainian loan deals are due to hit the market at lower margins than last year as miniscule interest rates and squeezed bond yields provide a more favourable market for borrowers.
View ArticleCFPB flags mounting student loan debt for older borrowers
The Consumer Financial Protection Bureau (CFPB) this month highlighted the rise in student loan debt for consumers over the age of 60, while the percentage of borrowers with at least $20,000 has...
View ArticleCFTC's Giancarlo chooses new chief economist
The newly appointed chair of the Commodity Futures Trading Commission, Christopher Giancarlo, on Monday chose Bruce Tuckman to succeed Sayee Srinivasan as chief economist of the regulatory body.
View ArticleIHS Markit offers RTS 28 service
IHS Markit on Tuesday released a service for investment houses working to comply with the RTS 28 requirement of the Market in Financial Instruments Directive II (MiFID II).
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 ArticleResilient Reit raises R2.5bn of fresh capital
Resilient Reit, the South African real estate investment trust, completed an accelerated capital increase on Tuesday morning that was tripled in size due to the strength of the demand.
View ArticleSSAs keep it short in dollars but 10 year punt rumoured
Public sector borrowers are mainly keeping to the short end of the dollar curve this week, but at least one top tier issuer is understood to be considering a 10 year dollar benchmark in the next few...
View ArticleNWB and Renten set markers in euros
Nederlandse Waterschapsbank brought some supply to the sparse long end of the SRI market on Tuesday, printing a trade that alongside Rentenbank was part of a strong re-emergence of euro supply after...
View ArticleKuwait’s Warba Bank to make loan debut
Kuwait’s Warba Bank is in talks with lenders about making its debut into the loan market with a $200m Islamic facility, the second Islamic bank to launch its first deal this year.
View ArticleGoldman’s FICC failure was a fluke, not a fall from grace
When the mighty fall, or at least stumble, everyone enjoys putting the boot in. So it is with Goldman Sachs, when the bank reported a second straight quarter of underperforming its peers in the FICC...
View ArticleBetter damage control needed at Russia's Central Bank
Russian bank debt has fallen out of favour after a series of events snowballed into fears that Russia’s Central Bank was lining up to pull the plug on Credit Bank of Moscow and Otkritie.
View ArticleSouth African miners find light at end of charter tunnel
South Africa has had a bumpy ride this summer with the sovereign downgrade and the introduction of a new controversial mining charter in June. Despite that, the loan market has proved its resilience.
View ArticleMUFG gears up for inaugural TLAC senior deal in euros
Mitsubishi UFJ Financial Group has picked its own investment bank and Morgan Stanley to arrange the sale of its first ever holding company level senior bond in the euro market.
View ArticleTikehau Capital adds former French PM François Fillon for private debt boost
Former French prime minister François Fillon will become a new partner at Tikehau Capital in September, a source told GlobalCapital on Wednesday, with a ‘full dedication’ job to increase the firm’s...
View ArticleProvident woes not a sign of UK consumer debt crash
The collections issues at consumer lender Provident Financial have provoked a wave of headlines in the UK about an impending crisis in the consumer credit sector, but ABS market sources feel the...
View Article‘Options open’ in hot euro mart for EFSF as Unédic prints a ‘cracker’
The European Financial Stability Facility on Wednesday sent a request for proposals for its deal window next week, with bankers saying that the supranational has a wide variety of options. The trade is...
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