NRW.Bank next up as AfDB, Renten sail through dollar test
NRW.Bank will bring a no-grow $1bn three year dollar benchmark on Wednesday, after African Development Bank and Rentenbank on Tuesday comfortably raised dollars in longer tenors.
View ArticleNew Cerberus UK RMBS deal could surface soon
A new deal from Cerberus Capital Management’s Towd Point shelf, Auburn 10, could surface in the European ABS market soon, which would be backed by part of the private equity firm’s £2.5bn portfolio of...
View ArticleInvestors pile into credit cards, auto ABS
Following the busiest week of primary ABS issuance in 2016, the ABS market is extending a rally as investors poured into credit card and auto transactions, driving issuers to ramp up deal sizes.
View ArticleJapanese bedrock of US CLO market eyes up European deals
Norinchukin Bank is said to be looking to invest in two European CLOs, which could drive triple-A spreads — already at year lows — to even tighter levels.
View ArticleISDA, Markit settle CDS antitrust probe
IHS Markit and the International Swaps and Derivatives Association have struck a deal with the European Commission that will open up access to the rights of their intellectual proprietary, in a...
View ArticlePeriphery could take hit if ECB holds back
The lack of any concrete monetary easing announcements at a meeting of the European Central Bank’s governing council on Thursday could spark a rise in eurozone periphery sovereign yields, analysts have...
View ArticleNRW.Bank grabs $1bn at ‘aggressive price’
The run of success for public sector borrowers continued on Wednesday, as strong demand and a high quality book allowed NRW.Bank to price flat to its curve.
View ArticleS&P smacks Turkey with downgrade, prompts sell-off
Standard & Poor’s has downgraded Turkey’s foreign currency debt rating to BB from BB+, putting the country at the same level as Bahrain and Croatia — and two notches below South Africa.
View ArticleSapinda sells out of Buwog, netting €375m
Sapinda has sold its 18.6% stake in Austrian-German home builder and asset manager Buwog, via an accelerated bookbuild on Tuesday evening.
View ArticleJefferies head of European CLO origination leaves
Peter Melichar, head of European CLO origination at Jefferies, has left the bank, GlobalCapital understands.
View ArticleEnav IPO pricing narrowed to top of range, covered throughout
The price range for the IPO of Enav, the Italian state air traffic control network, has been tightened to €3.20 to €3.50, the top end of the initial €2.90 to €3.50 range.
View ArticleLatest Fannie Mae CRT rides post-Brexit recovery
Fannie Mae has priced its fourth credit risk transfer (CRT) deal of the year, CAS 2016-C04, amid high investor demand and a return to pre-Brexit spread level across structured finance markets.
View ArticleFHA changes its tune, gives green light to PACE loans
The Federal Housing Administration (FHA) announced this week that it would insure mortgages on properties that are also encumbered by Property Assessed Clean Energy (PACE) loans, reversing its previous...
View ArticleDon't MAR the MTN market
The vagueness of the new Market Abuse Regulation is causing MTN dealers headaches. Given that no one is sure exactly quite what will constitute private information, many banks risk adopting too strict...
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