HLD private equity firm issues Euro PP, seeks high quality backers
HLD Europe, a small and recently founded private equity firm incorporated in Luxembourg and backed by wealthy French investors, will raise up to €40m through a debut five year Euro private placement.
View ArticleChinese lenders boost Standard Bank of South Africa loan
Standard Bank of South Africa has grown its loan from $600m to $1bn in syndication, largely driven by demand from the four Chinese lenders in lead roles.
View ArticleFunding scorecard: supranationals
Read on to see how far selected supranationals have progressed with their funding for the year.
View ArticleSecondary pricing update: featuring KfW's $6bn two year
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 ArticleUK picks syndicate for Gilt issue
The UK Debt Management Office (DMO) has mandated four banks for its re-opening of the 2.5% 2065 Gilt, which it has scheduled for the week beginning April 25, 2016.
View ArticleBlock party as last NN follows first Scout, but Elis fails to clear
Upward-sloping stockmarkets this week have brought a big crop of block trades, including the expected first selldowns of shares in Scout24, the German property and car sales website, and Elis, the...
View ArticleBMW, AMAG deals set to continue strong primary flow in auto ABS
BMW Bank and AMAG Leasing are readying new deals in the European auto ABS market, following on the back of recent new issues from LeasePlan and Volkswagen.
View ArticleADB adds to dual tranche dollar trend as OeKB aims for threes
The Asian Development Bank and Oesterreichische Kontrollbank hit screens with dollar deals on Monday, with ADB adding more supply to a burst of dual tranche trades that included deals last week by the...
View ArticleItaly puts EU refugee bonds on table
'Common EU migration bonds' could be issued to fund the EU's response to the refugee crisis on its borders, according to a document published by the Italian government.
View ArticleQuiet follows the storm as Eurofima stands alone in euros
Eurofima was the sole issuer testing the euro waters on Monday, with bankers expecting a quiet second half of the month in the market after a frantic start to April in which issuers placed 12 benchmark...
View ArticleBertelsmann goes for price over size with €500m bond
Bertelsmann, the German broadcaster and publisher, issued a €500m bond on Monday that attracted a book of nearly €2bn, but kept the initial size as pricing inside guidance stirred investor sensitivity.
View ArticleTRID compliance holding back PLS issuance
Vague guidance on the Consumer Financial Protection Bureau’s (CFPB) TILA/RESPA Integrated Disclosure (TRID) rule is said to be yet another obstacle standing in the way of the comeback of private label...
View ArticleAtlante takes weight off UniCredit with Vicenza sub-underwriting
The first task of the Fondo Atlante, the Italian bank rescue fund that politicians and financial leaders have put together over the past few weeks, moved a step closer to achievement today, with the...
View ArticleCommonBond prices into widening SLABS market
New York-based online lending platform CommonBond priced a $153.2m student loan deal on Friday, but recent widening in student loan ABS spreads may have hurt the offering as investors eye seasoned...
View ArticleIPO train moves on: Forterra and Mediawan covered, others in bookbuild
Several of Europe’s IPOs moved forward today, with coverage and pricing updates and the launches of bookbuilds.
View ArticleRhode Island markets first ABS backed by refinanced student loans
The Rhode Island Student Loan Authority (RISLA) is in the market with $55m of tax exempt private student loan ABS, marking the organization's first deal to include loans originated to refinance...
View ArticleOntario gets ready at 10s while ADB highlights appeal of dual tranches
The Province of Ontario is to hit the dollar market on Wednesday with a 10 year benchmark while the Asian Development Bank (ADB) and Oesterreichische Kontrollbank printed deals on Tuesday, as bankers...
View ArticleRenovate America goes green, plans risk retention compliance for Europe
Renovate America, a residential Property Assessed Clean Energy (PACE) loan originator, is preparing to market its ABS offerings to European investors by obtaining green bond certification for all...
View ArticleRemoving swaps in covered bonds is the way forward
Several covered bond issuers have removed the swaps in their covered bond programmes, in the face of onerous regulatory obligations. This has improved their funding efficiency and given investors a...
View ArticleAnother bank capital review? Perfect.
The UK moved quickly and a long way on bank capital, but apparently, it hasn’t done enough. In a year when the Basel Committee is supposed to be finally finishing its own capital rules, do we really...
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