Tradeweb launches US-listed ETF marketplace
Tradeweb Markets has launched an electronic over-the-counter marketplace for US-listed exchange traded funds.
View ArticleCYBG rises on start of trading, even as FTSE 100 falls
Clydesdale and Yorkshire Bank Group rose when it began trading after its IPO on Wednesday, having completed its separation from National Australia Bank with a flotation of £396m.
View ArticleRussia and China sell equity stakes via block trades
The arid landscape for equity block trades so far this year in EMEA was brightened on Wednesday by two evening sales, both with a Russian flavour and involving elite clients.
View ArticleBarclays transfers derivs portfolio to JP Morgan in asset rundown
Barclays will offload a legacy derivatives portfolio to JP Morgan as part of the British bank's plans to run down its non-core assets.
View ArticleCommodity derivs unduly blamed for bank woes, OCC figures suggest
Investors have been looking for ways to explain the poor performance of global banks this year. While negative interest rates in Europe and Japan have gained the attention of some, others are focused...
View ArticleMarket tantrums force Goodbaby to pull IPO
Goodbaby China Holdings has pulled its HK$1.3bn ($167.0m) Hong Kong IPO, deciding to cancel the transaction on the day it was due to price. Volatile markets and a weaker than expected book meant the...
View ArticleIG corporates take off with Easyjet but bankers cool hopes of full return
After nearly three weeks of radio silence, Europe’s investment grade corporate bond market has re-opened, with four successful issues this week, But issuers must still tread warily, as investors'...
View ArticleArgentina edges closer to settlement with US holdouts
Argentina came a step closer to regaining capital markets access this week with the announcement of a first settlement with holders of its default debt. Analysts warned, however, that a rapid...
View ArticleHY upbeat with LeasePlan’s €1.5bn bond
Green shoots began to appear in Europe's high yield market this week after a dire start to the year, with less than €1bn of issuance in January. Five deals were marketed, two of which were priced, but...
View ArticleNumis pulls out of UK retail bond trading as Orb issuance dwindles
Numis Securities is pulling out of market-making in UK retail bonds, in a gloomy sign for the market after a period of low issuance on the London Stock Exchange's Orderbook for Retail Bonds, writes...
View ArticleTroubled Thiam ahead?
Credit Suisse’s numbers were ugly, whichever way you slice them — a loss of Sfr6.4bn ($6.44bn), shares down 11%, bonuses down 36%. Even after “adjustments”, the bank still lost Sfr420m in its core...
View ArticleUK retail bonds: go long and go green
The retreat of a market maker from the London Stock Exchange’s Order Book for Retail Bonds is a sad sign of the severity of challenges facing the market.
View ArticleCommerzbank sets up securities office in Beijing
Commerzbank announced this week that it has received approval from the China Securities Regulatory Commission (CSRC) and Beijing Administration for Industry and Commerce (BAIC) to open a securities...
View ArticleSri Lanka weighs offshore return in 2016
The Democratic Socialist Republic of Sri Lanka is mulling a return to the international bond market as it needs to raise $11bn in 2016.
View ArticleRMB round-up: February 5, 2016
In this round-up, Charles Li promises Bond Connect and RMB derivatives, ICBC sees cross-border business booming, Moscow Exchange looks to connect with Chinese investors, offshore RMB (CNH) still a top...
View ArticleS&P downgrades Renhe amid possible default
Standard & Poor’s has downgraded Chinese mall developer Renhe Commercial Holdings to CCC- on Friday with the rating agency casting doubt over the company’s ability to repay a bond due in March.
View ArticleFunding scorecard: supranationals
This week's scorecard looks at the funding progress of supranationals so far in 2016.
View ArticleRiberas family to buy Gestamp stake for €875m as Arcelor retrenches
ArcelorMittal on Friday announced the sale for €875m of its 35% stake in the Spanish car parts supplier Gestamp Automoción to the Riberas family, who are yet to disclose details of how they will...
View ArticleAscential homes in on middle of range, covered within it
Ascential, the information and events business formerly known as Top Right Group and Emap, has narrowed the price range for its IPO, homing in on the middle of the original range, and is covered within...
View ArticleTruck manufacturer Kion signs €1.5bn refinancing
Kion, the Ba2/BB+ rated German industrial truck manufacturer, has agreed a €1.5bn refinancing facility with 'investment grade style features' through a club deal with 13 relationship banks.
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