Trouble brewing in US leveraged loans, says S&P
S&P Global Ratings said on Monday that the US leveraged loan market is increasingly vulnerable to external shocks, as investors pile into the market despite alarm bells ringing over the number of...
View ArticleThird CIMB block fetches Khazanah $132m
Shares in Malaysia’s CIMB Group Holdings have been sold down for the third time this year through an overnight block trade, though at a lower price than the previous two deals.
View ArticleiQiyi lines up trio to run $1bn US IPO
Baidu-backed iQiyi, a video streaming platform in China, has selected three banks to prepare an IPO in the US, which is expected to raise $1bn-$2bn, according to a banker close to the deal.
View ArticleCDBL hits screens ahead of National Congress
China Development Bank Financial Leasing Co began marketing a dual-tranche dollar bond on Tuesday morning local time, as a number of issuers attempt to get ahead of China’s 19th National Congress of...
View ArticlePress Metal names banks for debut dollar bond
Malaysia’s Press Metal Aluminium Holdings has mandated banks for its maiden foray into the dollar bond market.
View ArticleTewoo Group, Maoye eye short-dated bonds
Chinese commodity trader Tewoo Group and retail chain operator Maoye International Holdings are in the market with bonds of less than a year, getting ahead of the Chinese Communist Party’s National...
View ArticleWhat should a European IMF look like?
In recent years, the European Union has reformed in the teeth of a crisis. Banking Union was sketched out on the back of a napkin to help break the “sovereign-bank doom loop” which was threatening...
View ArticleDanske Bank scoops up loan sales VP from ING
Danske Bank has hired a new director for its loan syndications team in London, who was previously a vice-president on ING.
View ArticleTrump dominates IMF meetings for all the wrong reasons
As the world’s finance ministers, central bank governors and investment bankers dispersed from Washington DC at the weekend after the IMF-World Bank annual meetings, a sense of oppression hung over them.
View ArticleKfW lands short dated euros; EU lining up at long end
The European Union (EU) is set to tap an April 2031 line on Wednesday, coming on the heels of KfW five year benchmark on Tuesday, that raised €3bn.
View ArticleBig price moves in short end dollar flurry
Three agencies launched short end dollar transactions on Tuesday, two of which managed to pull their spreads into impressively tight levels.
View ArticleWho would want to be Mark Carney?
The Bank of England is now odds on to raise interest rates at the November meeting of the Monetary Policy Committee in November, after the Consumer Price index reported inflation exceeding 3%, but such...
View ArticleCRT market deepens as Freddie preps new STACR offering
Freddie Mac is set to price a new iteration of its credit risk transfer programme on Wednesday, with investors saying that the product is becoming the most liquid and tradeable way of accessing US...
View ArticleFirst Eagle to buy middle market lender NewStar Financial
First Eagle Investment Management has struck a deal to acquire US middle market lender NewStar. GSO Capital Partners meanwhile will buy a $2.4bn portfolio of middle market loans as part of the deal, a...
View ArticleRenew prices second 2017 PACE ABS
Property Assessed Clean Energy (PACE) finance company Renew Financial priced Renew 2017-2 on Tuesday, its second ABS transaction of the year.
View ArticleSFC pulls lawsuit against StanChart, UBS
Hong Kong's market watchdog has withdrawn a lawsuit filed against Standard Chartered and UBS over the 2009 IPO of China Forestry Holdings Co, although this does not mark the end of possible enforcement...
View ArticleLCH's Maguire becomes CEO
Major clearing house LCH on Wednesday announced that its COO, Daniel Maguire, has been appointed CEO of the firm.
View ArticleBrexit provides push for 'Capital Markets Union 2.0'
EU regulators vowed to push ahead with the revised version of the 'Capital Markets Union' (CMU) at ESMA's annual conference this week, despite the approaching departure of the UK, the original...
View ArticleFiji to drive home green point with third ever sovereign green bond
Fiji is set to become the third country to issue a sovereign green bond, with a F$100m ($50m) issue in Fiji dollars. The country, highly vulnerable to climate change, has just taken over as president...
View ArticleFresh talks on Emissions Trading System in next fortnight
EU politicians are determined to reach agreement on reforming the EU Emissions Trading System — which has so far eluded them — before the COP 23 meeting in November, and a fresh round of talks will be...
View Article