CIB one bright spot in otherwise sombre UniCredit results
UniCredit released its fourth quarter results on Tuesday, as it sought to reassure stakeholders who have seen the bank’s share price fall this year to its lowest level since 2012. While the bank as a...
View ArticleCountryside counts on long-only support for IPO
Countryside Properties has received enough demand from investors to complete its IPO. The UK house and flat developer is counting on strong interest from UK long-only funds to weather difficult market...
View ArticleAscential prices IPO, has flat first day of trading
Ascential priced its initial public offering on Tuesday, for a deal size of £279.9m. After a rocky first day on the London Stock Exchange, the information and events business finished the day with its...
View ArticleSolid fundamentals seen in European CLOs despite price volatility
Mezzanine spreads have widened in European CLOs by 100bp-200bp in a matter of weeks, with further volatility expected, but one investor said on Tuesday there was no need to panic.
View ArticleDitch-A-Bank
The sell-off in European banks is terrifying and baffling, all at the same time. GlobalCapital would be first to admit there are still issues — poor growth, weak balance sheets, non-performing loans,...
View ArticleAvant brings largest yet offering to market
Chicago-based online subprime consumer lender Avant is marketing a $300m ABS transaction, the platform's largest offering to date and its first rated deal, an Avant spokesperson tells GlobalCapital.
View ArticleFannie pitches first CRT deal of 2016
Fannie Mae has released guidance for its first credit risk transfer (CRT) deal of the year.
View ArticleFrance’s Soitec readies two-stage capital increase to buy back CB
Soitec, the maker of semiconductors, is seeking to raise €130m to €180m through two successive capital increases, it said on Wednesday.
View ArticleRanger reopens direct lending fund
Dallas-based Ranger Capital has reopened its Ranger Specialty Income Fund (RSIF) to new investors after a year-long pause in fund raising.
View ArticleCBOE anoints VIX watchdogs after August crisis of confidence
CBOE Holdings said this week that the administration of the CBOE Volatility Index (VIX), its widely-followed benchmark of short term options implied volatility, is now aligned to the Principles for...
View ArticleEU and US strike long-awaited accord on central counterparty equivalence
Europe and the US have taken a big step towards cohesion on their treatment of central clearing counterparties (CCPs), with the European Commission and the Commodity Futures Trading Commission...
View ArticleHPCL set to launch $465m loan into general
Indian refiner Hindustan Petroleum Corp (HPCL), which in December picked five banks to supply a $465m 21 month refinancing, is set to open the transaction to retail lenders next week.
View ArticleShinhan eyes tier two of up to $500m
South Korea’s Shinhan Bank plans to beef up its tier two capital buffer by as much as $500m in the first half of the year.
View ArticleSAIC-GMAC brings China’s first revolving auto ABS
The China auto ABS market is having a busy start this year with SAIC-GMAC Automotive Finance poised to follow in the footsteps of Beijing Hyundai and Volkswagen to become the third issuer in 2016. But...
View ArticleClifford Modern Living files for HK listing
Clifford Modern Living Holdings, which provides property management services in China, has filed to list in Hong Kong via sole sponsor Guotai Junan Capital.
View ArticleIndia Exim mulls Panda bond in H1 2016
Export-Import Bank of India (India Exim) is considering selling a renminbi-denominated bond in China’s domestic market in the first half of the year.
View ArticleBank securities thrashed in crisis déjà vu
It was hard to tell which was more worrying this week: the see-saw action in bank stocks, or the one-way tumble in additional tier one bonds. The only conclusion bankers and investors could offer is...
View ArticleCommission firms up Mifid delay
The European Commission made the planned delay to the Markets in Financial Instruments Directive rules official on Wednesday, formally proposing an extra year before the rules need to come into force....
View ArticleCorporate bonds: gimme shelter
It’s been an uncomfortable week for almost everyone in financial markets. But while the pressure on equities, commodities and bank credit is beginning to smack of panic, one asset class still has a...
View ArticleBNPP’s Gérardin: we are better placed than our competitors
BNP Paribas’ corporate and institutional bank (CIB) shone in 2015, with revenues up 13.2% compared with the previous year. And while some have criticised the bank for letting its strategy rely too much...
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