Standard Bank fined $32m over Tanzania PP bribe
Standard Bank will pay $25.2m to the UK Treasury and will be required to pay the government of Tanzania a further $7m in compensation after failure to prevent bribery. The fine relates to the winning...
View ArticleSantander makes strong senior return
Santander was set to sell €1.25bn in seven year fixed rate bonds on Tuesday, appearing in the European senior market for the first time in a year and a half.
View ArticleLoan for EuroChem subsidiary still '100% Russian risk'
Russian fertiliser producer EuroChem has signed a €200m club loan through its European subsidiary for cheaper funding but the deal still carries Russian risk bankers say.
View ArticleLatvia hires three for euro new issue and tender
Latvia has named its banks to arrange a euro-denominated new issue and manage a concurrent tender offer for the country’s 2020s and 2021s.
View ArticleCNP rides momentum to grab extra capital
CNP Assurance secured tight pricing for its tier two offering on Tuesday, profiting from strong market sentiment to bring capital issuance from insurers back to euros.
View ArticleDoha Bank adrift without anchor bank for loan
Qatar’s Doha Bank will not complete its $500m syndicated loan because the deal is too tightly priced and does not have an anchor bank, bankers looking at the deal have claimed.
View ArticleUK banks pass as all AT1s survive stress test
UK banks are well enough capitalised to survive a prolonged global downturn, their supervisor announced this morning.
View ArticleGulf Marine Services docks $620m loan refi
Abu Dhabi based Gulf Marine Services (GMS) has signed a $620m loan refinancing and lowered the cost of the loans.
View ArticleRenaissance Credit buys back chunk of 2016s
Renaissance Securities is buying back $39.9m of the outstanding $146m of Renaissance Credit’s 7.75% 2016 bonds.
View ArticleMizuho in second FIG hire — MS banker to join Davidson
A debt capital markets banker at Morgan Stanley has left to join Mizuho International, GlobalCapital understands.
View ArticleEquate nears finish line for $6bn whopper loan
Kuwait petrochemicals firm Equate is scheduled to complete syndication of $6bn of loans this week.
View ArticleInsurance capital shoots and Scors
Investors showed enduring appetite for insurance capital on Wednesday as Scor found more than €2bn of demand for the second French deal in as many days.
View ArticleIslandsbanki rears its head with senior tap
Islandsbanki decided the time was right to pursue a long mandated senior tap on Wednesday, as Icelandic banks continue their return to the public debt markets.
View ArticleHungarian Development Bank sets new euro point for the country
Hungarian Development Bank (MFB) printed on Tuesday its €300m 2.375% six year bonds in line with price guidance released earlier in the day, bringing a fresh euro benchmark to the country.
View ArticleGreen pricing breaks clear of senior
Banks can look forward to regularly pricing green bonds inside their vanilla senior curves, some FIG bankers believe, after BPCE launched the latest in a succession of tight trades on Wednesday.
View ArticleDanske's corporate syndicate head leaves for buy side
The head of corporate bond syndicate at Danske Bank has left the bank for a role at an investment firm.
View ArticleEtrion cuts rates in Italian refinancing
Solar power producer Etrion has more than halved the all-in interest payable on its Italian debt facilities with a €222m refinancing package.
View ArticleWhen fit is the new fat
As I sit here nursing the pot belly I built up through marathon drinking sessions to impress clients over the years, I can’t help but feel some Schadenfreude about the hoops bankers have to jump...
View ArticleCredit Suisse makes senior changes in IB, ECM and PB
Credit Suisse has shaken up its top ranks in Asia Pacific, with changes to its equity capital markets, investment banking and private banking units.
View ArticleEM loan market at risk from political instability in 2016
Financial sanctions on Russian entities and other international political tensions have slowed syndicated lending to emerging markets in 2015 and the market remains wary of the outlook for 2016,...
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