Banca Pop Vicenza IPO: Atlante to have lion’s share
Banca Popolare di Vicenza’s board is to meet later this afternoon to consider the results of its €1.5bn IPO, for which the bookbuild closed earlier today (Friday April 29).
View ArticleEC could endorse MREL in days
The European Commission is said to be nearing a final endorsement of the regulatory technical standards for one of the main components of Europe's post-crisis bail in rules.
View ArticleKaufman & Broad’s re-IPO leads to share price rise
Kaufman & Broad, the French housing developer, completed its ‘re-IPO’ on Thursday, increasing its freefloat from 9% to 45% in a deal that totalled €257m before the greenshoe.
View ArticleFriday’s IPO debuts: all a bit soft
Three companies began trading on European bourses today after their IPOs, but although two of them started off in positive territory, they were all down by the close.
View ArticleTravelodge checks in £390m debut bond but Brexit raises coupons
UK budget hotel chain Travelodge Hotels on Friday priced the first sterling high yield corporate bond of the year, with pricing widened by the imminent EU referendum in the UK.
View ArticleShunned by dollar buyers, Corral Petroleum brings first Skr PIK bond
Sweden's largest oil refiner, Corral Petroleum Holdings, sold on Friday €625m-equivalent of payment-in-kind toggle notes after dropping dollars for Swedish kronor.
View ArticleIssuers prep $2.8bn of auto ABS to kick off May
A $1.2bn subprime deal from Santander Consumer's SDART shelf and an upsized $1.6bn prime auto offering from Toyota Motor Credit Corporation have flooded the pipeline as spreads tighten on primary ABS...
View ArticleDealer holdings of CMBS drop to lowest levels since 2013
Holdings of CMBS at the primary dealers fell below $6bn in April for the first time since the data began being reported three years ago, a further sign that some of the largest market makers for the...
View ArticleAIIB president cites strong demand for bonds
The president of the Asian Infrastructure Investment Bank, Jin Liqun, tells Emerging Markets that he expects strong demand for its debt and reveals that he is looking to invest in emerging economies...
View ArticleMizuho names new fixed income and ECM heads
Mizuho Securities Asia has made senior appointments to its fixed income and equity capital markets businesses in a bid to strengthen its operations in the region.
View ArticleDaimler brings third triple tranche of the year, pays up on NIP
Daimler’s lust for European corporate bonds was on show once again as it tapped the market for a €3.25bn triple tranche deal, the third time this year that it has used the structure.
View ArticleDelaware embraces blockchain to cut trade costs and fraud
The US state of Delaware is embarking on a blockchain and smart contract technology programme in the hope that this will help the public and enterprises lower transactional costs, speed up and automate...
View ArticleBanks need to respond to short term funding threat
Money market fund reform regulation which comes into force in October this year will have serious consequences for banks’ funding. What are they doing about it?
View ArticleFunding Circle shouldn't set the tone for deals that follow
The first ever public marketplace loan securitization in Europe has finally priced. The deal’s difficult execution isn’t a great advert for marketplace lending, but deals from other platforms should...
View ArticleBanca Pop di Vicenza IPO flop bodes ill for Veneto Banca
The failure of the IPO of Banca Popolare di Vicenza leaves full responsibility for the bank’s future with the hastily put together Fondo Atlante — and is a poor omen for the listing of Veneto Banca,...
View ArticleIn defence of complicated banks that do everything
As the banking industry’s painful readjustment continues, the first quarter’s awful market numbers show that big, diverse, universal banks, contrary to recent management mantras, actually do have an...
View ArticleLandmark Funding Circle ABS lands with supranational support
Lead manager Deutsche Bank closed Europe’s first marketplace lending securitization last Friday, helped by two major supranational investors taking a major chunk of the deal.
View ArticleNew Jersey higher ed authority taps ABS market
New Jersey-based Higher Education Student Assistance Authority (HESAA) is in the market with $190m of tax exempt private student loan ABS as the state agency prepares to finance student loans in the...
View ArticleRBI urged to take action to spice up Masala bond market
Indian companies are showing interest in issuing offshore rupee-denominated, or Masala, bonds but a leading financier warns that the market will not heat up until the central bank allows private banks...
View ArticleBankers eye promise in China’s bond market
China’s fast-growing bond market could provider a major new source of corporate financing at a time when the banking sector is under strain, but some analysts are becoming concerned about the risk of a...
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