New head of EM sales starts at Deutsche
Deutsche Bank has hired a new head of emerging market sales covering Europe, Middle East and Africa.
View ArticleRegulation needs credibility, MAR never had it.
Julius Baer’s additional tier one deal on Tuesday attracted a splendid book — enough to gladden the hearts of syndicate bankers and funding officials. But it highlights the absurdity of Europe’s Market...
View ArticleSluggish Italy lags behind Spain in getting banks up to speed
Last week’s deals from BBVA and CaixaBank show just how much the Spanish banking sector is powering ahead of Italians in getting to grips with capital regulations.
View ArticleCryptocrash shows that the shape of things to come is legal
News that Chinese regulators were outlawing initial coin offerings hit the cryptocurrency market hard, knocking some $38bn off the industry’s market cap, between Saturday and Monday. While the crash...
View ArticleDunkin’ reopens esoteric ABS pipeline
Dunkin’ Brands is hitting the primary market with a $1.45bn whole business securitization, bringing the esoteric ABS market back to life following the US Labor Day break.
View ArticleCLO returns surge past corporates, but correction could be coming — JPM
Returns on US CLO debt have handily beat those of high yield corporate debt over the past year, say JP Morgan analysts, though the rally may be running out of steam in the latter part of 2017.
View ArticleTrio! Not one, not two, but three tranches for United Biscuits' £725m loan
United Biscuits’ £725m loan is being split into two term loans and a revolving credit facility with pricing linked to the company’s leverage, according to a banker on the deal.
View ArticleNRW.Bank scores with ‘smooth’ 10 year green note
NRW.Bank launched its fifth green bond on Wednesday, sneaking in just ahead of Thursday’s European Central Bank meeting.
View ArticleIADB dives into fives after ADB stormer, as AFD returns after pulled deal
Inter-American Development Bank will on Thursday attempt a five year dollar benchmark, copying a Wednesday deal from Asian Development Bank that bankers on the trade said was the best dollar deal since...
View ArticleICE appoints futures and benchmarks heads
Intercontinental Exchange (ICE) on Wednesday announced a spate of changes to its senior management, all due to be enacted in October, including the replacement of veteran president of ICE Futures...
View ArticleFrance offloads €1.53bn of Engie to finance Macron's innovation fund
The French government came back to the equity block trade market on Tuesday night to sell another 4.5% chunk of its stake in Engie, the power and gas company, for €1.53bn, as part of a new €10bn asset...
View ArticleLevfin strategist Melentyev leaves Deutsche for BAML
Oleg Melentyev has joined Bank of America Merrill Lynch as head of leveraged finance strategy in New York, after four years in the same position at Deutsche Bank.
View ArticleImperial Brands' Logista selldown covered
This evening, Imperial Brands, the UK tobacco company, is selling a 10% stake in Logista, the Spanish wholesale deliveries company, through an accelerated bookbuild.
View ArticleQiagen and Capital Stage sell unusual CBs
The pattern of equity-linked issues coming in pairs continued today, when Qiagen and Capital Stage issued bonds, both of which were sold successfully. Both transactions were unusual, though in very...
View ArticleConning boosts structured and corporate credit teams
Insurance company asset manager Conning has hired a new managing director in its structured product team, as well as promoting a new managing director in corporate credit research.
View ArticlePrimary pipeline comes alive as market looks to Miami confab
Timeshare, Federal Family Education Loan Program (FFELP) student loan, RMBS and single family rental (SFR) transactions hit the pipeline on Wednesday, as market participants gear up for the annual...
View ArticleLat Am corps line up in borrower-friendly conditions
At least eight Latin American corporates are meeting fixed income investors ahead of potential dollar trades next week, with Brazilian credits in particular apparently keen to make up for lost time.
View Article