Cardiff Univ rides volatility to win sector's lowest bond coupon
Cardiff University broke the two week silence in Europe's investment grade corporate bond market with a £300m deal on Monday that achieved the lowest coupon ever for a public benchmark bond by a UK...
View ArticleSIF starts building book for Amsterdam IPO
SIF, the Dutch maker of components for the offshore wind, oil and gas markets, has set the price range for its all-secondary initial public offering at a level that implies a valuation of €357m to €434m.
View ArticleCountryside IPO valuation could top £1bn
Countryside Properties, the UK house and flat developer, could float between 30% and 50% of its stock in London, in an IPO that would give it a valuation of £1.125bn at mid-range.
View ArticleMerlin Properties eyes €800m debut bond, ratings
Spanish real estate firm Merlin Properties is set make its debut in the bond markets, having hired Moody's and Standard & Poor's to provide credit ratings.
View ArticleFears of CLO defaults extend beyond commodities
CLO managers and investors may want to look beyond the struggling commodities sector for signs of default risk, as idiosyncratic and one-off defaults in industries such as healthcare and retail will...
View ArticleOneMain launches first ABS since Springleaf buy
Subprime consumer lender OneMain Financial is in the market this week with OMFIT 2016-1, its first consumer loan ABS deal since Springleaf acquired the company from CitiFinancial Credit Company last...
View ArticleScandi Tobacco's IPO fully covered, but not at top of range
Cigar and pipe tobacco manufacturer Scandinavian Tobacco has received enough demand from investors to get its Copenhagen IPO done, but it is not yet covered throughout the price range.
View ArticleAlliance Automotive accelerates tap as HY tries to shake off blues
Alliance Automotive, the Blackstone-owned French car parts supplier, has tapped its 2021 notes for €70m as the European high yield market tries to regain momentum after a poor January.
View ArticleKBN to reopen dollar fives as EIB goes short
Kommunalbanken is readying a five year bond in what will be the first dollar benchmark in the tenor for three weeks. Meanwhile, European Investment Bank priced a more conservative three year bond.
View ArticleECB breathes life back into covered bonds
It is no coincidence that Tuesday’s €1bn covered bond from BPCE attracted more investors for a French seven year deal than at any time in the last year. The European Central Bank has started to scale...
View ArticleBondholders win £169m Canary Wharf dispute
A High Court judge has ruled in favour of bondholders in their dispute with the Canary Wharf Group over the real estate group’s early repayment of £577.9m of securitized notes in July 2014.
View ArticlePrivate investigations: why investment banking and wealth management don't...
It’s been an axiom of recent bank restructurings that more private banking and wealth management is better. Gather the substantial and sticky deposits of the wealthy, harness their investments, and...
View ArticleRussia to rev up privatisation of crown jewel companies
The shake-up in world economic affairs produced by the plunging oil price threw up a new result today, as news emerged that Russia’s president Vladimir Putin wants to push forward privatisation of some...
View ArticleThin demand expected for SeaCube offering
SeaCube Container Leasing is marketing CLIF 2016-1, but demand for the bonds may light, as the deal missed the mark with investors during an earlier marketing period last September.
View ArticleUS prime jumbo market inches towards recovery
The US prime jumbo RMBS market continues to show slow signs of recovery, although it remains well below its pre-crisis peak.
View ArticleCLO market looks east for triple-A buyers
The CLO market is looking to Japan and other Asian markets in order to find triple-A buyers as the pool of investors interested in the debt continues to shrink.
View ArticleGoldman promotes in primary markets, names levfin head
Goldman Sachs has named a new head of its EMEA Financing Group, which houses primary capital markets, as Jim Esposito switches roles to become chief strategy officer of the securities division.
View ArticleItalian ABS see flurry of NPL activity
A private securitization platform has emerged in the Italian non-performing loan (NPL) space, with other issuers also launching deals ahead of a recently announced state guarantee being finalised.
View ArticleFive alive! KBN shows there's life beyond dollar threes
Kommunalbanken on Wednesday sold the first five year dollar benchmark from an SSA in three weeks, printing a $1bn no-grow bond.
View ArticleWells Fargo settles mortgage suit
Wells Fargo is the latest financial institution to settle a lawsuit with the US government, as the post-crisis litigation era draws to a close.
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