NIB looks to Swedes for greens
The Nordic Investment Bank issued its largest Swedish kronor environmental bond on Wednesday as demand for socially responsible investments grows in Scandinavia.
View ArticleTAG Immobilien reopens Europe's equity-linked market with €262m convertible
A dry spell for the equity-linked market in Europe was broken on Wednesday when TAG Immobilien, the German residential property company, issued a new €262m five year convertible bond, as part of a...
View ArticleInvestors scramble for paper as European CLO supply dries up
A lack of supply in the European CLO market this summer has left investors desperate to source bonds, with the few deals moving through the pipeline seeing heavy oversubscription and tight spreads.
View ArticleClearing services link up
A Depository Trust & Clearing Corporation (DTCC) and Euroclear joint venture has this week signed an access agreement with Cloudmargin.
View ArticleDBJ and KfW launch short dollar clips
Two SSA borrowers printed dollar benchmarks on Wednesday, pulling off solid trades in spite of some investors put off by tight spreads.
View ArticleNY Fed puts auto, student loans in spotlight as household debt spikes
Auto and student loans have seen increases in early delinquencies this year, while overall household debt has surged past its recession peak, according to a quarterly report published by the New York...
View ArticleIndian equity options given auto exercise opt-out
Equity options in India will from next week have the facility for an opt-out of the auto-exercise mechanism, giving users more flexibility over their expiry exposures.
View ArticleRoadshow schedule builds healthy autumn pipeline
Two deals were priced this week in the European corporate bond market, and next week already looks busier. With a roadshow under way and four others coming up, the window before September’s European...
View ArticleOman oil co uses structured deal for stretched banks
Oman Oil’s subsidiary, Oman Oil Company Exploration and Production (OOCEP), is to resurrect a structure for its latest loan that could help other borrowers from the sultanate to access capital markets...
View ArticleTight spreads in dollars starting to cool investors’ appetite
The SSA market leapt into life this week with multiple benchmarks hitting screens. While the backdrop was supportive, the narrow pick-up offered over US Treasuries appeared to be stunting demand.
View ArticleWestRock unpacks as US finally slows up
Six corporate investment grade borrowers took home a combined $3.75bn as the US dollar market finally took a breather for the summer after the breakneck pace of issuance for the month so far.
View ArticleWait a second, Schuldschein.
With a flurry of fanfare the Schuldscheinbörse Deutschland — the first attempt at a secondary market for Schuldschein loans — launched on the exchange floors of Hamburg and Hanover.
View ArticleLafargeHolcim reopens corporate market in Europe a week earlier than expected
LafargeHolcim on Tuesday became the first issuer for nearly two weeks to launch a corporate bond in Europe. The €750m 12 year deal received strong demand, with order books more than three times...
View ArticleVenezuela nears lows amid US threat as market stays divided
Venezuela and PDVSA bonds regained some ground on Thursday as reports that the US would implement a blanket ban on trading the securities appeared to be exaggerated. But the bonds remain near all-time...
View ArticleMUFG hires again in levfin expansion drive
MUFG said on Thursday that it had hired former HSBC banker Jeff Bennett as head of leveraged corporate origination and structuring, part of the bank’s longer term expansion of its leveraged finance and...
View ArticleThe moral maze of getting rich on Venezuela debt
Venezuela’s bond market access is already negligible. If market participants want to take a moral position, they need to think about more than just new issues.
View ArticleToy story: Hong Kong pair file for IPOs
A pair of toy retailers are hoping to list in Hong Kong, filing their respective IPO applications with the stock exchange recently. Investors could be forgiven for confusing the two.
View ArticleCorporate bond week ahead: short but busy weeks ahead
Two holidays and September’s European Central Bank meeting will mean the next two weeks will offer short windows for issuance, but the success of the two deals that priced this week will inspire...
View ArticleSenior preferred could have ‘edge’ on covered bonds, says ECBC
Writing in its European Covered Bond Fact Book for 2017, the European Covered Bond Council said that when banks turn their attention to funding for liquidity purposes they could favour senior preferred...
View ArticleFunding scorecard: French agencies
This week's funding scorecard looks at the progress French agencies have made in their funding programmes as we move away from the summer lull.
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