ABS bills to receive congressional mark-up on Wednesday
Measures to ease risk retention burdens on the CLO and CMBS markets will be marked up by the House Financial Services Committee on Wednesday.
View ArticleKfW impresses in 10s ahead of ECB meet
KfW was set to print its third euro benchmark of the year on Wednesday as GlobalCapital went to press and SSA borrowers rush ahead of next week’s European Central Bank meeting.
View ArticleTradeweb buys fixed inc trade software firm CodeStreet
Tradeweb Markets, a fixed income and derivatives marketplace operator, has bought CodeStreet, a firm that specialises in developing data-driven trade identification and workflow management software.
View ArticleNestlé revives Eurodollar with $400m as basis swap deepens
The Eurodollar corporate bond market, in limbo for more than a year, coughed back into life today as Nestlé, its stalwart issuer, returned after a long absence for a modestly sized issue.
View ArticleAlpha taps WBS for train purchase
Alpha Trains, the first company to do a whole business securitization in Germany, has issued more debt from the structure to fund the purchase of 89 trains from Société Générale.
View ArticleBlock in Marine Harvest as stock reaches 16-year high
John Fredriksen, the Norwegian shipping magnate, sold a Nkr4.4bn ($510m) block of shares in seafood firm Marine Harvest on Tuesday evening — a rare liquidity event in one of the rare Norwegian stocks...
View ArticleWorld Bank follows EIB in fives
The World Bank printed on Wednesday a five year dollar benchmark, following in the footsteps of the EIB's deal on Tuesday.
View ArticleMizuho parts ways with FIG head after two months
Mizuho no longer has a head of FIG DCM, after it parted ways with AJ Davidson after just two months.
View ArticleInvestors fight for best terms as Telefonica sells equity-neutral CB
Telefonica sold on Wednesday what a lead banker said was the firm’s first equity-neutral convertible bond, for €600m, continuing a recent trend for such structures.
View ArticleCanadian consumer ABS solid despite energy concerns
Canada’s consumer ABS market is in strong shape despite problems in the oil and gas sector, attendees at a Canadian structured finance roundtable at ABS Vegas heard on Wednesday morning.
View ArticleGrenkeleasing increases typical bijou bond to €125m
The smallest of Wednesday’s three corporate bond issues in Europe was Grenkeleasing’s €125m 5.1 year bond, led by BayernLB, Commerzbank and DZ Bank.
View ArticleMarkets undo February blowout but volatility regime is here to stay
A concerted rally of US and European credit and equity in the run-up to next week's European Central Bank meeting has all but eclipsed the blowout that occurred during last month’s turmoil. But traders...
View ArticleBlocks come back as stocks rise, results season wraps up
Several block trades hit the screens this week, as a relative easing of stock market volatility and the slow close of results season gave sellers a window to exit holdings.
View ArticleHigh-divi Telefónica has to change terms to sell €600m CB
Telefonica’s €600m equity-neutral convertible bond, launched and priced on Wednesday, proved controversial and had to be restructured mid-sale, highlighting the discomfort many investors feel with some...
View ArticleCorporates make dash for life as European bond market blooms
Europe’s investment grade corporate bond market sprang to life this week, printing €10.65bn of paper in its biggest week of issuance this year.
View ArticleNavient opens up 2016 FFELP market with $1.1bn offering
After a year of policy changes and potential widespread downgrades for Federal Family Education Loan Program (FFELP) ABS, Navient is back in the market with the first government-backed student loan...
View ArticleUK authorities defiant on small firm bonuses
The UK’s Prudential Regulatory Authority and Financial Conduct Authority have rejected calls from the European Banking Authority to apply the bonus cap to all firms regulated under the Capital...
View ArticleTake your medicine early
When Lehman Brothers collapsed in 2008, the responses either side of the Atlantic were markedly different.
View ArticleColombia, Femsa continue Lat Am euro craze
Latin American bond bankers can finally look forward to some roadshow action as credit markets were quite stable for a third consecutive week but euros continues to be the favoured currency for borrowers.
View ArticleArgentina’s jumbo promise brings bulls back to Lat Am
Latin America’s pain is Argentina’s gain. A torrid year for bond markets and economic struggles across the region have set the stage perfectly for Argentina — so long the sick man of Latin America — to...
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