Insurers fill the dollar void in FIG
The FIG dollar market was subdued this week, with self-funders remaining on the sidelines as the Federal Reserve hinted at higher rates and announced the reversal of its quantitative easing plan.
View ArticleBelgian warehouse Reit Montea bags €68m for growth
Montea, the Belgian real estate investment trust focused on logistics warehouses, has raised €68m, after its one for six rights issue was 91% subscribed, and a rump sale disposed of the rest this morning.
View ArticleNIBC seven times oversubscribed for ‘capital optimisation’ AT1 trade
NIBC Bank was able to time its entrance to a strong market on Friday, filling its additional tier one (AT1) bucket with a perpetual non-call seven year deal.
View ArticleSSA secondary pricing update: featuring Austria's century bond
Trading levels given are bid-side spreads versus mid-swaps and/or an underlying benchmark as of Thursday's close. The source for secondary trading levels is Interactive Data.
View ArticleCentral Asia Metals raises £113m to buy new mine in Macedonia
Central Asia Metals, the Aim-listed owner of a copper mine in Kazakhstan, priced a £137.4m ($153.5m) capital increase and secondary share sale on Friday, to partly finance its acquisition of Lynx...
View ArticleArtemis hits target: cheap funding with no dilution
Artemis, the Pinault family holding company that owns €17bn of shares in Kering, the French luxury goods group, raised €383m on Tuesday with an innovative equity-neutral exchangeable bond, in which...
View ArticleBNG brings dollar threes as swap spreads rise
Bank Nederlandse Gemeenten has opened dollar proceedings for the week, mandating for a three year trade as swap spreads in the tenor hit their highest level in months. Other issuance in the currency...
View ArticleLabour attacks UK credit card rates
A pledge by Labour’s shadow chancellor John McDonnell to limit credit card interest payments poses a threat to credit card lenders and to investors in UK credit card ABS.
View ArticleKfW runs blockchain ECP test
KfW has entered the Blockchain race, after simulating a trade in real time using distributed ledger technology, the agency said on Monday.
View ArticleBAML fined after front-running findings
The US Commodity Futures Trading Commission has fined Bank of America Merrill Lynch $2.5m for failures of supervision and record-keeping, connected with an investigation by CME Group that found...
View ArticleMUFG’s co-head of DCM appointed LMA chairman
Mathias Noack, co-head of debt capital markets for EMEA at MUFG, has been appointed as Loan Market Association chairman by the board.
View ArticleCinven offloads 10% of Just Group
On Monday night, Cinven, the private equity group, launched the sale of a 10% stake in Just Group, the UK financial services company, via an accelerated bookbuild led by Barclays and Numis.
View ArticleNets board urges approval of Hellman & Friedman $5.3bn takeover offer
US private equity firm Hellman & Friedman has made a $5.3bn-equivalent offer for digital payments company Nets, with the Nordic company urging investors on Monday to accept the deal.
View ArticleCFPB lawsuit, potential rating downgrades add to NCSLT struggles
National Collegiate Student Loan Trust (NCSLT), a private student loan trust, could see a swathe of downgrades from Fitch across at least 12 ABS transactions, following a proposed consent judgement...
View ArticleMore commercial real estate lenders turn to CLO product
Two more commercial real estate CLOs are understood to be in the pipeline following Prime Finance’s bumper deal last week, in what has been a hot year for the asset class.
View ArticleGlobal Jet prepares for ABS debut
Global Jet Capital, a private aircraft financier, is looking to issue its first securitization backed by a portfolio of aircraft leases and loans, following an acquisition of corporate aircraft loans...
View ArticleMuniFin scores with green euro debut in scorching market
One borrower took advantage of an excellent backdrop to scoop up its first green funding in euros at an attractive level on Tuesday, while a second issuer is lining up to follow suit in dollars.
View ArticleFinnvera to follow BNG’s three year dollar blow-out
Finnvera will on Wednesday enter a searing market for three year dollars, following a similar trade from Bank Nederlandse Gemeenten that rounded off the Dutch agency’s dollar benchmark funding for the...
View ArticleCFTC orders Citigroup to pay $550,000 for swap reporting violations
Citi has been fined $550,000 for data reporting violations on its internal swap contracts.
View ArticleEquity volatility not going anywhere, say derivatives experts
Equity derivatives experts do not expect equity volatility to pick up from its current low level any time soon. Some of the potential political hurdles have been overcome and some see little to trouble...
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