AFL lines up for action despite equity woes
Agence France Locale (AFL), awarded a mandate on Wednesdays for a benchmark bond as bankers said that regardless of the tough backdrop in equities the SSA market remains in rude health.
View ArticleRCI squeezes tighter on €500m German auto paper
RCI Banque’s latest German auto loan deal showed that German auto paper is bunching in the mid-30bp area, just above the zero coupon floor.
View ArticleUniCredit names head of Americas multinationals
UniCredit has appointed Filippo Pappalardo as head of Americas multinationals.
View ArticleItaly grabs long end inflation linker
Italy has sold a 30 year private placement with a coupon linked to the European consumer price index. Market participants are speculating that the deal indicates confidence that inflation may begin to...
View ArticleBarclays sells $900m chunk of Barclays Africa as Atlas Mara faces setback
Barclays has this evening executed a R13bn ($900m) accelerated bookbuild in shares of Barclays Africa Group, its separately listed South African subsidiary, as the first stage in its already announced...
View ArticleWendel frees cash with €1.7bn ABB and EB on Saint-Gobain
Wendel, the French investment company, made a bold move on Tuesday night to reduce its stake in Saint-Gobain, the glass and building materials group that is one of its main holdings.
View ArticleRexel keeps high yield lit with €650m bond
The French distributor of electrical supplies, Rexel, on Wednesday sold €650m of unsecured notes on a day when investment grade buyers moved into the high yield market.
View ArticleABS reaps benefits of student loan refinancing
The benefits of student loan refinancing programs, which have mushroomed across the country since 2013, have trickled down to the ABS market, with recent deals performing well in an otherwise choppy...
View ArticleThink tanks call for green banks in India
A report jointly published by non-profit organisations Natural Resources Defense Council and the Council on Energy, Environment and Water is calling for the establishment of a green bank in India to...
View ArticleEFG dominates Asiamoney’s Private Banking Poll 2016
EFG Bank reigns supreme in Asiamoney’s latest Private Banking Poll, as voted by high net worth individuals across Asia Pacific.
View ArticleBarclays sells $900m of African unit but Diamond still hunting
Barclays made a convincing start to its plan of reducing its stake in Barclays Africa on Wednesday night, with a successful block trade that netted $4bn of demand from what bankers on it said was a...
View ArticleIPO flop means Atlante must sort out BPV
Banca Popolare di Vicenza is now Fondo Atlante’s problem. The hastily put together Italian bank rescue fund had to stump up all the €1.5bn of capital needed for BPV to avoid a bail-in this week, after...
View ArticleMendoza to pop bond cork as Neuquén notches $235m
The Argentine province of Neuquén raised $235m of bonds this week, pricing at a yield more than 150bp less than where it had talked about a similar deal last September. The province's deal is the first...
View ArticleBanco de Bogotá lines up to continue Lat Am corp run
Panama City airport operator Aeropuerto Internacional de Tocumen and AES’s Dominican Republic subsidiary sold well-received dollar bonds on Wednesday as corporate issuance in Latin America continues to...
View ArticleVeneto Banca IPO has a slim hope after BPV flop
Despite the failed IPO of Banca Popolare di Vicenza, which was bought entirely by Italy’s new bank rescue fund, Veneto Banca is expected to press ahead with its €1bn flotation. Bankers are divided on...
View ArticleCICC Hong Kong hires banks for debut bond
China International Capital Corp (Hong Kong) is gearing up for its first international bond with plans to meet investors next week.
View ArticleFrustrated Sri Lankan FM rails against rich nations’ green hypocrisy
Sri Lanka’s finance minister, who has helped engineer a growth recovery, tells Emerging Markets that he is fed up with “pontificating” Western politicians telling him to adopt green policies that would...
View ArticlePuma Energy makes slick exit at $1.55bn
Oil products storage and distribution firm Puma Energy has increased the size of its latest revolver to $800m from $500m, with 35 lenders making commitments. The company has also managed to extend the...
View ArticleSamsung Biologics targets 15 banks for W3tr IPO
Samsung Biologics, which sent out a request for proposals for its South Korean IPO on April 29, is understood to have invited nine domestic and six international firms to submit bids.
View ArticleICBC Leasing meets investors for dollar comeback
ICBC Financial Leasing is on the road to meet investors ahead of plans to sell its first dollar bond of the year.
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