Bayer continues Covestro exit with another €1.2bn selldown
Bayer, the German life sciences and pharmaceuticals company, took another step towards full separation from Covestro, the plastics company it span off in 2015, when it launched another block trade for...
View ArticleThe FIG capital conversation is changing
European banks are pushing the conversation on from simply meeting regulatory capital requirements towards optimising the cost of their capital stacks.
View ArticleSaudi's reform revisions a worrying reversal
Saudi Arabia is reportedly planning to dilute its much touted National Transformation Program, a worrying sign for investors that confirms the doubts of observers who said the country’s Vision 2030...
View ArticleA fine mess: make the punishment fit the crime
Late in the summer, Europe’s Single Supervisory Mechanism dished out its first punishment, fining Ireland's Permanent tsb for breaching regulatory limits on liquidity. But the fine’s small size...
View ArticleDollar market flourishing as three launch trades, one mandates
Three borrowers came to market for dollar paper on Tuesday and another hit screens announcing a transaction on Wednesday, as bankers reported strong conditions in the currency.
View ArticleCBOE gets sectoral with play for European business
CBOE has announced that it will start offering index option trading on the 10 S&P select sector indices that comprise the S&P500 index constituents.
View ArticleFirstRand Bank follows peers by tapping Asian banks for $250m
FirstRand Bank has begun syndication of a $250m loan, aimed at Asian lenders.
View ArticleEnergy-efficient mortgage data collection gets going
Mortgage industry bodies are pressing ahead with a pilot scheme to collect data on mortgages on energy-efficient homes, which could eventually help promote issuance of green covered bonds and...
View ArticleWorld Bank goes large with new Kangaroo fives
World Bank has raised A$850m ($678.7m) in the Kangaroo market by printing a new September 2022 line, the largest Australian dollar SSA bond of the year.
View ArticleEIB lands €3bn deal 2bp inside guidance
The European Investment Bank raised €3bn with a December 2023 EARN on Wednesday, coming hot on the heels of Austria's €7.5bn dual tranche, but the flow of euro deals appears to be abating with no...
View ArticleNetherlands to exit ASR Nederland via final €1bn selldown
ASR Nederland will return to full private ownership this week after NLFI, the organisation that manages the investments of the Kingdom of the Netherlands, launched the sale of its final 20.5% stake in...
View ArticleKommuninvest joins NIB and Finland in threes
Kommuninvest is set to complete a trio of three year dollar benchmarks from SSAs this week, after Nordic Investment Bank comfortably priced in the tenor on Wednesday.
View ArticleDTCC paints vision for reduced risk capital requirements
The Depository Trust and Clearing Corporation (DTCC) has published a white paper suggesting that using pooled observable transaction data will reduce derivative traders' market risk capital requirements.
View ArticleSaudi Arabia puts first of 60 renewable plants out to tender
Saudi Arabia is following its fellow Gulf states by developing renewable energy. Bids are expected this month to build a 300MW solar photovoltaic power plant in Sakaka.
View ArticleLone Star brings first Neinor Homes selldown since its IPO
Lone Star Funds, the US private equity group, has launched the first selldown of shares in Neinor Homes, the Spanish property developer, since its €775m IPO in March.
View ArticleEU nears approval of 'Juncker plan' extension
A representative of European Member States and the European Parliament agreed on Wednesday to increase the lifetime of the European Investment Bank's European Fund for Strategic Investments (EFSI)...
View ArticleKommuninvest prints dollar threes at tightest ever spread in ‘bid-only’ market
Kommuninvest kept up this week’s trend for tightly priced short end dollar deals as it achieved its tightest ever spread to swaps on Thursday. Big demand for short dollar paper is creating a “bid-only”...
View ArticleNIB uses two-way CSA to tap niche currency demand
Nordic Investment Bank is now using two-way credit support annexes for 85% of its outstanding swaps, allowing the supranational to take advantage of hot demand for emerging market currency MTNs.
View ArticleEurex gets rolling on new FX product
Eurex Exchange has announced that it will start trading 12 currency pairs as FX rolling spot futures from October 6.
View ArticleUnilever keeps strong sterling run going
Anglo-Dutch consumer goods company Unilever printed the fifth sterling corporate bond deal in as many days on Monday. The £500m dual tranche deal offered investors seven and 12 year tenors. Before this...
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