Ratings warning for clearing house on counterparty risk
The Options Clearing Corporation, a US clearing house, has found itself placed on negative ratings watch by Standard & Poor’s, over concerns that it could fail should two of its largest clearing...
View ArticleSNCF Réseau meets expanded funding needs with benchmark
SNCF Réseau sold a dual tranche euro deal on Friday, its second benchmark of the year. The French agency is stepping up its benchmark activity in light of increased funding needs, according to a banker...
View ArticleWilliam Hill increases sterling bond with small ‘Brexit premium'
Bookmaker William Hill on Friday sold £350m of unsecured bonds in a sterling high yield market increasingly convinced that the June referendum will support the UK’s European Union membership.
View ArticleAbe go lucky: derivs not ready for G7 shocks
Equity and currency derivatives markets are ill prepared for any major policy surprises out of the G7 meeting this week, with prices reflecting low expectations of volatility.
View ArticleStoxx eyes derivs and ETFs with mixed equity/bond indices
Stoxx has created a series of indices that combine equity and fixed income and are intended to serve as an underlying for exchange traded funds and derivatives.
View ArticleMajan Electricity sparks interest to sign $350m loan
Omani electricity firm Majan Electricity Company has secured a $350m loan, according to two bankers, and sister company Dhofar Power Company is close behind with another deal.
View ArticlePetroleum Development Oman brings in more banks to $3bn loan
Although Petroleum Development Oman first launched its debut loan as a club deal with a small group of lenders, the partly state-owned borrower is now bringing in more banks.
View ArticleMyanmar stocks: down but not out
Myanmar has welcomed its second ever listing with Myanmar Thilawa SEZ Holdings making its debut last Friday to a rousing reception, with its shares jumping by a third in the first two days and even...
View ArticleNoor Bank launches debut sukuk with 6% handle
Noor Bank made its additional tier one (AT1) debut on Tuesday, raising $500m with a perpetual sukuk.
View ArticleSafer names fill out senior as ANZ goes tight
ANZ Bank New Zealand paid a slim premium to raise five year senior funding on Tuesday, joining Dexia Crédit Local in the market as lower risk credits dominated supply.
View ArticleScor sub comes too tight, fear analysts
Scor added a tightly priced subordinated deal to the growing number of insurance trades in recent weeks, although some analysts fear the borrower's spreads are set to deteriorate.
View ArticleRussia bond quirks deter investors despite $6.5bn book
Russia has not updated the guidance it released on Monday for its first bond since 2013, with a debate over whether Euroclear will settle the note deterring some investors.
View ArticleEBS BrokerTec broadens FX suite for corp treasurers
EBS BrokerTec, ICAP’s electronic foreign exchange and fixed income business, has added FX spot, forwards and swaps to its EBS Treasury platform as it completes the rebrand of the product from its...
View ArticleHeidelbergCement welcomed back in market hungry for crossovers
Germany’s HeidelbergCement on Wednesday issued a benchmark high yield bond that was rapidly increased to €750m while its final terms tightened 20bp from initial price talk.
View ArticleCroatia roadshows for bond in euros
Croatia has picked four banks for a euro-denominated bond and is embarking on investor meetings for the deal next week.
View ArticleICE appoints chief technology officer after two year wait
Intercontinental Exchange has promoted a long-serving senior official at the firm to chief technology officer.
View ArticleDanske and Créd Ag overlap in senior
Danske Bank and Crédit Agricole were marketing similarly structured senior deals on Wednesday, but investors were more than happy to absorb them both.
View ArticleBrazil options traders shrug off key minister resignation
Derivatives traders have taken resignation of Brazilian planning minister Romero Juca in their stride, leaving key measures of risk unchanged.
View ArticleFnac to close €1.35bn acquisition loan by early June
Fnac held the bank meeting for its €1.35bn acquisition loan last week and aims to wrap up the deal by early June, according to a banker on the deal.
View ArticleCFTC tightens swaps loophole for US banks
US banks face tighter restrictions on booking swaps business overseas, after the Commodity Futures Trading Commission adopted a rule that applies cross-border margining requirements on uncleared swaps.
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