CS notches two straight losing quarters, but touts advances
Credit Suisse booked its second straight quarterly loss, but beat investor expectations with a win in its wealth management units — the centrepiece of the bank’s turnaround strategy.
View ArticleSlovenia opts for euro tap to fund dollar buy-back
Slovenia is planning to tap its euro Reg S 2.125% 2025s and 2.25% 2032s to fund its dollar bond buy-back.
View ArticleBack to earth: concessions widen as corporate pipeline gushes
Pricing in the European corporate bond market, heavily skewed in favour of issuers for the much of the second quarter, titled back to normality on Tuesday as frantic supply began to widen new issue...
View ArticleNew Valeant details reignite CLO credit conversation
New details in the saga of Canadian healthcare giant Valeant Pharmeuticals have once again plunged the CLO market into a debate over credit quality.
View ArticleHSBC names new EMEA equities head
HSBC has appointed Franck Lacour head of equities EMEA, a role he takes on while keeping his responsibilities as global head of equities trading.
View ArticleWho's afraid of the big bad bail-in?
By 2018, the European Commission will review the resolution directive that came into effect at the start of this year. In light of Italian banks’ recent struggles, maybe it's already time for a rethink.
View ArticleConvertible investors happy to switch to Nexity's new €269m deal at best end
Nexity, the French property developer, was able to increase the size of its second convertible bond issue on Tuesday, as existing investors eagerly bought into the new deal.
View ArticleTreasury answers call for "regulatory clarity" in MPL white paper
The US Department of the Treasury identified in a white paper released on Tuesday the potential trends in marketplace lending that will require ongoing monitoring.
View ArticleKfW adds length to green with 8yr mandate
KfW is back in the green bond game, after mandating banks for what Dealogic data shows will be its longest dated deal in the format yet.
View ArticleUS mortgage delinquencies hit lowest level since crisis
The percentage of seriously delinquent mortgages — loans that are more than 90 days without payment — is now at the lowest level since the financial crisis, as the the housing market continues on its...
View ArticleAllianz and partners mint 'game changing' wind hedge
Allianz Risk Transfer, with the help of several partners, has created a novel hedge product to protect wind projects against the risks of intermittent wind resources, which deal watchers say could have...
View ArticleBroadbridge takes on derivs clearing with tech firm buyout
Broadridge Financial Solutions, an operations and tech solutions firm, has added derivatives clearing to its post trade services by buying Dojima, another tech firm.
View ArticleGeneral Motors gears €500m bond with ‘surprising’ book
Detroit car maker General Motors on Wednesday received orders totalling more than seven times its €500m bond as it dodged investor weariness with the glut of supply in the market.
View ArticleMTU Aero Engines zooms to €500m CB at high terms to refi old bond
German aircraft engine manufacturer MTU Aero Engines issued a €500m seven year convertible bond on Wednesday to refinance a previous vanilla bond more cheaply.
View ArticleRomania ready to reboot stalled privatisation programme
A successful listing of state-owned Hidroelectrica could serve as a catalyst for further sales of state-owned assets, investors believe.
View ArticleBucharest keen to join regional bourses in SEE Link, says CEO
SEE Link, the regional platform for stock exchanges that is backed by the EBRD, looks set for a new stage in its development after Bucharest became the latest bourse to show an interest in signing up.
View ArticleKraft Heinz adds flavour to ‘full’ market with €1.8bn bond
Kraft Heinz Foods on Wednesday printed a €1.8bn two tranche note with minimal concessions in a day that produced more than €7bn of primary issuance and proved that investors were hungry for variety in...
View ArticleGeely hires four for maiden dollar green bond
Zhejiang Geely Holding Group is set to hit the road for a dollar-denominated green bond that is expected to launch as early this month. The trade will be the third green issue from a Chinese borrower...
View ArticleLat Am corps kick on as Kallpa joins pipe after BanBog
Peruvian power generation company Kallpa Generación could become the latest Latin American company to sell debt as corporate issuance in the region goes through a relative revival.
View Article‘Sexy’ Mendoza knocks back vintage $500m deal
Bankers said that Argentina’s grand capital markets plan was functioning perfectly after Mendoza became the second province to tap international capital markets since the sovereign raised $16.5bn in...
View Article