CME expands into Asia-Pacific
The CME Group has opened an office in Sydney, its seventh in the Asia-Pacific region where it has been increasing business and launching new regional products.
View ArticleBCBS eases up on derivs funding ratio
The Basel Committee on Banking Supervision (BCBS), which is working to improve the stability of financial markets after the 2008 crisis, on Friday announced it would soften its terms on banks'...
View ArticleBondMarker Q3 focus: agencies battle for top spot in dollars
A Japanese agency has pipped a Nordic one to the post in a tightly-fought race for the top dollar scores on BondMarker in the third quarter. Just 0.2 marks separate the top three scored dollar prints.
View ArticleHandicare multiple times covered on penultimate day of IPO
The IPO of Handicare Group, the Swedish maker of stair lifts and mobility products, is multiple times covered at its fixed price of Skr50.
View ArticleMetals recycler Befesa heads for the Frankfurt Stock Exchange
Befesa, the Spanish metals recycling group, has joined the queue of companies going public in Europe this autumn, having announced its intention to float on the Frankfurt Stock Exchange.
View ArticleCorporate bond week ahead: Columbus to affect supply, not Catexit
After effectively a three day week this week, due to the German Unity Day holiday, syndicate desks are expecting the corporate bond market to operate for at least four days next week, after the...
View ArticleAfDB hitting the road for social bond
The African Development Bank (AfDB) announced on Monday that it intends to enter the social bond market and will be roadshowing its social bond framework beginning October 19.
View ArticleFMS-W picks banks for sterling benchmark
FMS Wertmanagement has announced that it will come to market for a sterling bond on Tuesday, hoping to follow Export Development Canada’s success last week.
View ArticleTumble in transparency mars impressive Turkish growth
President Erdogan’s consolidation of power in April has translated into the stronger economic growth that he and his followers had hoped for. But questions about its sustainability are growing louder...
View ArticleEurex makes play for rates clearing business with new partnership model
Deutsche Boerse-owned Eurex Clearing has announced a new partnership programme, six months in the making, that will offer its clearing members revenue share and governance rights.
View ArticleBorr drills investors for another $650m to buy new rigs
Borr Drilling, a Bermuda-registered, Oslo-headquartered offshore oil drilling company, has raised $650m with a 51% capital increase that was placed in an accelerated way on Friday evening.
View ArticleUS Treasury looks to ease ABS regs, says Dodd-Frank ‘went too far’
A capital markets report from the US Treasury said that post-crisis regulation has hindered the US securitization market, and proposes a set of regulatory tweaks largely away from Congressional...
View ArticleLiberbank’s €500m rights issue on for November as holders back it
Liberbank’s shareholders today approved all the resolutions at its general meeting, including a €500m rights issue, which Deutsche Bank and Citigroup had already pre-underwritten.
View ArticleKKR sells half its stake in Pets at Home for £119m
KKR is this evening selling a 12.2% stake in Pets at Home, the UK pet supplies retailer it floated in 2014, through an accelerated bookbuild led solely by Bank of America Merrill Lynch, which is covered.
View ArticleRenew adds to list of banks for new PACE ABS
Residential and commercial Property Assessed Clean Energy (PACE) shop Renew Financial has tapped Barclays and Morgan Stanley for the first time as managers for its latest residential PACE transaction,...
View ArticleWall Street’s empire strikes back in Treasury report
The US Treasury's report on capital markets, published on Friday, strikes a populist tone, saying the rise of private credit at the expense of public sources of financing has snatched money-making...
View ArticleEU Parliament gives broad approval to CCP relocation proposal
Members of the economic and monetary affairs committee have held a first debate on a European Commission draft text proposing relocation powers for European regulators of clearing houses.
View ArticleNationalist bank regulation from the US is the rule, not the exception
US treasury secretary Steven Mnuchin’s proposals to "advance American interests in international financial regulatory negotiations and meetings" are part of a long tradition in the country’s regulatory...
View ArticleNBG’s covered bond success does little to diminish Greek grief
National Bank of Greece’s ability to attract a high oversubscription for its three year covered bond on Tuesday showed it is on the road to recovery. But without sovereign debt relief, the precarious...
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