ABN Amro bond adds to Swiss FIG bonanza
Dutch lender, ABN Amro returned to the Swiss franc market on Friday with a 8.9 year note, making it the third FIG issuer this week to take advantage of arbitrage opportunities in this market.
View ArticleHSBC's Middle East profits down
HSBC Group’s Middle East business took a $300m hit in 2015, mainly due to higher loan impairment costs as the bank expects an increase in loan defaults in the UAE, according to its annual report.
View ArticlePeru offers 25bp premium after curve widens
Peru opened books on its second euro deal in four months on Tuesday, after announcing an investor call on Monday which caused its secondary curve to widen 20bp.
View ArticleBamford departs Barclays in syndicate re-jig
Mark Bamford, head of global fixed income syndicate, is leaving the firm, and several promotions have been made to fill the gap.
View ArticleIt's all snow-ver: White out at BMO
A vice-president in BMO Capital Markets’ DCM team has left the bank, GlobalCapital understands.
View ArticleVolatility puts bank DCM activity at 20 year low
European bank DCM activity has had the slowest start in over 20 years, and although some market participants anticipate a turnaround later in the year, financial institutions face pressing challenges...
View ArticleMitsubishi UFJ loses syndicate head honcho
One of Mitsubishi UFJ’s most senior syndicate bankers has left the firm.
View ArticleDeutsche hails quashed fears with completed tender
Deutsche Bank tendered some of its euro senior unsecured bonds at spreads through secondary levels on Tuesday, as it sought to lower its debt burden and suppress any fears about its balance sheet.
View ArticleDriest January in high yield since Lehman
The high yield market in Europe issued just $1bn of new deals in January, the lowest January figure since 2009.
View ArticleKurt Geiger allocates buyout debt
Kurt Geiger, the luxury UK shoe retailer, has allocated its £150m all-senior acquisition debt at a notable margin even after its oversubscription.
View ArticleHeathrow extends revolver and bags new term debt
Heathrow has extended the maturity of its £1.4bn revolving credit facility, signed November 2014.
View ArticleSweden shrinks foreign currency borrowing needs
The Swedish National Debt Office has revised downward its forecast for foreign currency bond issuance in 2016 and 2017 after receiving higher than expected tax payments.
View ArticleTradeStation sells FX arm to focus on equities and derivs
TradeStation Group has sold the accounts of its IBFX / TradeStation Forex subsidiary to OANDA as IBFX looks to exit the forex dealer business.
View ArticleDutch SSA joins sterling rush
A Dutch agency has become the latest public sector borrower to dip into a record breaking sterling market for the year so far, after mandating banks on Wednesday for a deal.
View ArticleBAML back in CMBS with €317m Blackstone deal
Bank of America Merrill Lynch has launched the first European CMBS deal since September last year, with a €317m securitization of a loan to Blackstone, secured by German retail properties.
View ArticleApax makes near-exit from Auto Trader with £850m block
Apax made on Tuesday night its first selldown of stock in Auto Trader, the UK car sales website, since floating the business last March. Very unusually for a private equity firm in this position, it...
View ArticleAfDB places first benchmark of 2016 in tricky market
The African Development Bank was unable to tighten pricing from guidance on its first benchmark of the year on Wednesday, which bankers away from the deal put down to a difficult market backdrop.
View ArticleDelta Lloyd cuts rights issue to €650m, shares rebound
Delta Lloyd, the Dutch insurance company, has bowed to investor pressure and cut the size of its planned rights issue by a third on Wednesday, to €650m.
View ArticleABS industry lobbies congress for risk retention relief
Experts and legislators sparred over the impact of impending risk retention regulation on securitization in a congressional hearing on Wednesday, as market advocates looked to relax the rules seen as...
View ArticleGrand City Properties brings €450m hit convertible as assets grow
Grand City Properties issued its fourth convertible bond today, raising €450m, more than the other three deals put together. The German housing company capitalised on the successful performance of its...
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