BPCE seizes moment for tier two
Groupe BPCE launched its first tier two deal of the year on Friday, taking advantage of a buoyant market requiring slimmer new issue premiums.
View ArticleUK names banks for linker tap
The United Kingdom has mandated banks to manage a reopening of its 0.125% index linked Gilt maturing March 2046.
View ArticleSSA strikes seven again
Another SSA issuer is lining up a seven year euro deal after three borrowers tapped that spot to the tune of over €2bn this week.
View ArticleFunding scorecard: European sovereigns
Read on to find out how selected European sovereigns are faring in their funding programmes this year.
View ArticleCorporate bond market finishes good week with a flourish
A tiring but positive week for syndicate bankers ended in a flurry of deals on Friday, as four issuers bathed in the ebullient tone of the corporate bond market.
View ArticleAlandsbanken makes a rare Swedish appearance
Alandsbanken, the Finnish banking group, has issued its first Swedish krona bond for over a year, drawing huge demand from domestic Swedish investors.
View ArticleSecondary pricing update: featuring ESM's €1.5bn November 2036
Trading levels given are bid-side spreads versus mid-swaps and/or an underlying benchmark as of Thursday’s close. The source for secondary trading levels is Interactive Data.
View ArticleGE Capital portfolio sale fails to dent UK RMBS sentiment
GE Capital has announced the sale of a £3.8bn mortgage portfolio to an investment consortium, but expectations of any future RMBS supply have already been factored in, say market observers.
View ArticleGreen activity ramps up as Climate Change Conference approaches
European Investment Bank has launched its first equity index-linked bond dedicated exclusively to renewable energy and energy efficiency projects as the Climate Bond Initiative begins a public...
View ArticleESM bows out with longest ever supra bond to date
European Stability Mechanism rounded off its funding for the year in spectacular fashion on Tuesday. Not only did it double the size of its deal but it printed the longest ever bond from a supranational.
View ArticleArcelorMittal sets price of South African rights issue
ArcelorMittal South Africa is seeking to raise R4.5bn ($321m) to improve its weakened financial position, with a rights issue fully underwritten by its parent, ArcelorMittal Group.
View ArticleDerivatives traders size up Argentina after election
Argentina has been a pariah among international creditors for years, but its new, pro-business president may reopen the door to foreign investors – the question for derivatives players is how they can...
View ArticleAurelius PE firm brings €166m convertible after acquisitions
A new issuer joined the convertible market today, when Aurelius, a specialist German private equity firm, issued a €166m bond with a 1% coupon and 30% conversion premium.
View ArticleCVC exits Cerved with €312m trade, third this year
CVC Capital Partners sold its last shares in Cerved, the Italian rating agency and credit information provider, on Monday night, in a block trade led by JP Morgan.
View ArticleFFELP ABS widens in secondary on ratings jitters
An exposure draft published by Fitch Ratings mid-November detailing proposed changes to its ratings methodology for government backed student loan ABS has caused a drop in prices for the bonds trading...
View ArticleCFTC takes fight to high speed traders with algo rule proposal
US regulator the Commodity Futures Trading Commission has proposed rules to increase oversight and risk controls for high speed electronic trading – and particularly the use of algorithms – in a bid to...
View ArticleMSCI conduit CMBS guided at 135bp as widening persists
Issuers released guidance for the $805m MSCI 2015-UBS8 conduit CMBS transaction on Tuesday at the 135bp over swaps area, as hope dims for a turnaround in spreads going into year end.
View ArticlePeople Moves in Brief
RBS hires corporates trading head - Demica appoints securitization head
View ArticleDaimler closes €1.1bn Schuldschein
Daimler closed its books on Friday for its Schuldschein note, increasing on its launch size from €300m to €1.1bn.
View ArticleDB tier two tumbles on S&P junk rating
Standard & Poor’s sent Deutsche Bank’s subordinated debt tumbling in secondary this week by slapping the paper with a sub-investment grade rating.
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