Voto launches tender, SanChile increases buyback
There may be some signs of life in Latin America’s new issue market but, while sovereigns may be selling, companies are keener to buy back bonds than issue new ones.
View ArticleBarclays launches €8bn tender in holdco TLAC shift
Barclays offered to buy back up to €8bn of operating company debt on Tuesday, having reiterated in its annual results a commitment to restructuring its investment bank around a holding company funding...
View ArticleEl-Amir: 2015 an anomaly for UniCredit
UniCredit was largely absent from the euro senior market last year, but, having successfully priced a new seven year last Friday, the bank’s head of group finance expects a busier year in 2016.
View ArticleBNPP blows open bank capital with smart timing
BNP Paribas reopened the euro tier two market on Friday with a sharply priced trade, the first capital deal of any sort from a European bank in over seven weeks.
View ArticleCiti follows through on equities promise with two derivatives hires
Citi has hired two executives in equity derivatives from Goldman Sachs.
View ArticleFunding scorecard: French agencies
Read on to see how French agencies have progressed through their 2016 funding programmes.
View ArticleCarlos Slim’s holding in FCC to be disclosed next week
Fomento de Construcciones y Contratas, the Spanish construction company, said on Thursday that it had received a 99.72% take-up on its €710m rights issue, which was placed without banks. But the market...
View ArticleCovestro’s inaugural bond pulls over €6bn of demand
Covestro, the German polymer manufacturing business spun off by Bayer last year, made its first bond issue on Thursday, raising €1.5bn in three tranches.
View ArticleAnaCap buys €2bn of Italian NPLs
AnaCap Financial Partners, a European private equity firm, has completed the purchase of two Italian non-performing loan (NPL) portfolios worth over €2bn from special purpose vehicles majority owned by...
View ArticleWorld Bank sells first riyal MTN in six year
The World Bank placed a Saudi Arabian riyal trade through JP Morgan on Friday. The Sr625m ($166.7m) five year note is the first MTN to be sold in riyal since December 2009, according to Dealogic.
View ArticleCLO primary market rolls on with Highbridge deal
Highbridge Capital Management has priced its latest CLO, as the primary market shows renewed vigor after a notably slow start to the year.
View ArticleBank of England shrugs off Brexit fears in oversubscribed deal
The Bank of England has printed $2bn of three year paper from a heavily oversubscribed book, as fears of a UK exit from the European Union showed no impact on the central bank’s bonds.
View ArticleSenvion price range offers investors chunky discount to comps
Senvion, the German wind turbine maker, has set the price range for its Frankfurt initial public offering at a level that implies a heavy discount to its main listed peers.
View ArticleBAML opens books on German CMBS deal
Bank of America Merrill Lynch has released initial price thoughts on its new €317m CMBS deal backed by a portfolio of German retail properties, with the bank targeting pricing for this week.
View ArticleVolatility set to rise on mid-cycle US slowdown
US economic data, despite some positive signals, is consistent with a continuing turn higher in market volatility, quantitative modellers have said.
View ArticleAgency MBS a bright spot in troubled ABS market
Agency MBS is proving to be a relative bright spot for ABS investors, with the asset class showing solid performance in secondary trading last week.
View ArticleOpenDoor adds fixed inc vets in push for US Treasury liquidity
OpenDoor Trading, a trading platform that aims to improve liquidity in off-the-run US treasuries and treasury inflation protected securities (TIPS), has appointed two senior fixed income officials to...
View ArticleRelief for Saipem banks as block trade clears most of their stock
All but one of the banks that underwrote Saipem’s €3.5bn rights issue, and were left holding €427m of the Italian oil and gas engineering group’s stock, are selling down their stakes tonight.
View ArticleCoventry Building Society plans RMBS return
Coventry Building Society has mandated leads for a new prime UK buy-to-let RMBS transaction, Offa No. 1. It will be the first RMBS deal from the issuer in four years.
View ArticleCerberus opens new Granite warehouse for T&C loans
Cerberus Capital Management is looking to squeeze more value out of its €13bn acquisition of Northern Rock’s Granite portfolio by setting up a new warehouse for a portfolio of terms and conditions...
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