BMW prints rare Hong Kong dollar MTN in hunt for diversity
BMW Finance, in a push for funding diversity as its financing needs rise, has issued its first Hong Kong dollar MTN for months.
View ArticleEIB launches Polish zloty curve
The European Investment Bank has announced its intentions to build a benchmark curve in Polish zloty, selling the first public trade in the currency from an SSA issuer.
View ArticleMood lifts at LendIt after "brutal" outing at ABS Vegas
Capital markets attendees at the 2016 LendIt USA conference in San Francisco were more upbeat about the future of marketplace lending than they were two months ago, after a "brutal" time at ABS Vegas...
View ArticleAroundtown seeks to replace pre-IPO convertible with shares
Aroundtown Property Holdings, the Paris- and Frankfurt-listed company that invests in German property turnrounds, is set to close at 7pm London time this evening the incentivised conversion offer for...
View ArticleFCA trains sights on IPO allocations and... league tables?
Equity capital markets bankers are digesting this morning’s announcement by the Financial Conduct Authority that it might change the rules about IPOs in the UK, as part of its study of competitiveness...
View ArticleThin supply keeps spreads tight for latest CMBS conduit
A dwindling new issue calendar has kept spreads from blowing back out to levels seen in March, as Citi and Goldman Sachs on Wednesday priced a $694.7m conduit offering at 134bp over swaps for the...
View ArticleBlueMountain prices CLO to kick off new issue wave
The first in a wave US CLOs that have been marketing for several weeks priced on Thursday, with BlueMountain selling its first CLO of the year.
View ArticleTwentyFour draws eyes to bank AT1 buckets after pioneer BBVA’s return
BBVA’s third additional tier one transaction, priced last week, is likely to demonstrate the increasing importance of “future supply overhang” for the product’s performance, according to TwentyFour...
View ArticleItalian banks ward off bail-in with fund for weaker rivals
Italy’s strongest banks are to contribute to a fund that will back-stop the capital raises of weaker lenders, in a deal brokered by the government that has drawn scepticism from many investors, but...
View ArticleInvestors surge for French 50y, but liquidity dominates DMO focus
Another blistering week for euro issuance from public sector borrowers brought a dual tranche 20 and 50 year benchmark from the French government that other sovereigns could ape — but only if their...
View ArticleThe ECB QE grind on premiums goes on. But how long will it last?
Even if issuance volumes don't quite meet the bulky standards set by the corporate bond market last week, the appeal of small coupons and almost flat concessions continued to entice issuers this week....
View ArticleThe prodigal sov: $15bn Argentina deal to define post-default era
Argentina is set for an emphatic return to international bond markets next week after a 15 year absence. It is set to be the most exciting turnaround story in emerging markets, said investors. But the...
View ArticleSteinhoff gets €1.1bn for M&A with classic CB that hits the spot
Steinhoff International, the South African furniture maker and goods retailer that has been on an acquisition spree, raised €1.1bn on Thursday with a convertible bond that bucked the recent trend of...
View ArticleCFTC fights Congress over funding and, over rulemaking, itself
The US Senate Agriculture Committee was expected to review legislation reauthorising the Commodity Futures Trading Commission (CFTC) on Thursday amid debate over the benefits of additional funding for...
View ArticleLM takes over in Lat Am as issuers avoid Argentina shadow
Peruvian agribusiness Camposol was the only Latin American issuer to announce a deal this week as the market gears up for Argentina’s jumbo sovereign bond.
View ArticleShakeup of UK IPOs to alter role of research, may change allocations
The process for IPOs in the UK could be improved as a result of reforms mooted by the Financial Conduct Authority, market participants say. But they also warn that the market works well now and some of...
View ArticleBrics Bank mandates six for green RMB bond
The recently established New Development Bank Brics (NDB Brics) has mandated four Chinese banks and two global banks on its upcoming debut bond outing — an onshore renminbi-denominated green offering....
View ArticleSSA triumvirate raise A$850m in the Kanga market
Three public sector issuers returned to the Kangaroo bond market this week to raise a combined total of A$850m ($652m).
View ArticleNBTY sets price talk for $1.8bn debt amid levloan drought
NBTY, the US vitamins and nutritional supplements manufacturer owned by Carlyle, had bank meetings in London this morning for its $1.8bn refinancing package, with another scheduled for Monday in New York.
View ArticleEIB backs its first project bond in Italy, with €850m Venice road
The European Investment Bank has deployed its Project Bond Credit Enhancement in Italy for the first time, to support an €850m bond that refinances a toll motorway bypass around Venice.
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