SoFi's debut consumer ABS deal enters "extremely quiet" market
Online student lender SoFi has taken a detour from student loan refinancing with a debut unsecured consumer loan ABS deal, which entered what dealwatchers are calling an "extremely quiet" market.
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View ArticleInvestis opens books for Sfr180m Swiss homes IPO
Investis Group, the Swiss residential property company, opened books for its IPO at lunchtime today, hoping to raise Sfr150m to Sfr183m.
View ArticleMachinery maker CNH engineers credit line extension
Equipment manufacturer CNH Industrial has renewed its €1.75bn revolving credit facility, extending the maturity to June 2021 from November 2019 on "improved terms".
View ArticleMercedes to brave Brexit volatility with €1bn auto ABS deal
Mercedes-Benz is defying the quiet tone of primary capital markets with the announcement of a €1bn German auto ABS deal, with leads targeting a post-referendum launch.
View ArticleDentressangle begins marketing €276m loan for Tessi LBO
Dentressangle Initiatives is seeking €276m of loans to fund its acquisition of Tessi, the French provider of data processing services, which it also plans to delist.
View ArticlePhew! Eurozone clears OMT hurdle
The first of a trio of political risks to the stability of the capital markets this week has passed without disruption, but the biggest event — the UK’s referendum on European Union membership on...
View ArticleESMA’s Maijoor defends MiFID II auto phase-in
Bonds, derivatives and other non-equity instruments will be subject to the automatic phase-in of pre-trade transparency reporting requirements, despite pushback from elected officials, a top regulator...
View ArticleRegulation shows the frustrations and successes of Europe
Financial regulation, for anyone following it closely, is a microcosm of the weaknesses and the strengths of the European Union. It is at times maddening, confusing, incoherent, and vindictive, but...
View ArticleFFELP ABS market welcomes Moody's update, but questions remain
Moody’s Investors Service handed down its revised methodology for rating Federal Family Education Loan Program (FFELP) ABS last week, and while student loan ABS players say the added certainty is...
View ArticleRabobank joins Kepler Cheuvreux stable with Dutch/agri partnership
Rabobank has agreed a strategic partnership with Kepler Cheuvreux, covering the Benelux region and the food and agriculture sector, and has closed its cash equities business, with the loss of 30 jobs...
View ArticleMásmóvil to swallow Yoigo as Spanish telecoms consolidate
Yoigo, a Spanish mobile phone company with a 7% market share and 3.3m subscribers, long the subject of takeover speculation, will be bought by Másmóvil Ibercom, a smaller player that is also an...
View ArticleSoFi to expand ABS offerings following consumer deal pricing
Marketplace lender SoFi has announced plans to branch out into a third ABS asset class, thought to be most likely backed by mortgages, following the tight pricing of its first unsecured consumer ABS...
View ArticleSGX explains Thursday trading suspension
The Singapore Exchange (SGX) reopened for trading on Friday after a hardware glitch forced it to shut down for half of Thursday, in what was the longest trading disruption ever experienced by the bourse.
View ArticleBEH roadshows bond with Bulgarian state comfort letter
State-owned Bulgarian Energy Holding will meet investors next week for its first Eurobond for three years. BEH has mandated JP Morgan and Banca Imi to arrange the meetings, which run from July 18-22.
View ArticleMacedonia forced to postpone bond as opposition claims it's illegal
The Republic of Macedonia delayed its Eurobond sale on Thursday after a political opponent to the government challenged the legality of the issue.
View ArticleFaroe Petroleum drops 10% after £62m capital increase
Shares in Faroe Petroleum, the British oil and gas exploration firm, have fallen 8% today after the company announced it had completed a £62m capital increase on London’s Aim to finance its acquisition...
View ArticleFunding scorecard: European sovereigns
Find out how European sovereigns are progressing in their funding programmes.
View ArticleBankers surprised by 'incredible' levloans bounceback
Two Ardian owned firms joined several others in the market late this week — leaving levloan participants incredulous at the market's strength in the wake of the Brexit vote.
View ArticleAutoliv $1.1bn refi shows tough competition in Nordic loans
Swedish car safety specialist Autoliv has refinanced a $1.1bn revolving credit facility, with two banks leaving and two joining the syndicate. Deals in the region have seen rival lenders increase their...
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