Central clearing incentives don't add up, study finds
The costs incurred to centrally clear derivatives trades could be greater than transacting them bilaterally, US government researchers have argued, in findings that deal a blow to regulators’ attempts...
View ArticleDate set for Puerto Rico CDS auction
An auction to settle senior credit default swaps referencing the Commonwealth of Puerto Rico will take place on August 17, the International Swaps and Derivatives Association’s Determinations Committee...
View ArticleHigh yield buyers flock to US CLO mezz
The relative cheapness of mezzanine CLO paper compared to other assets is driving a wave of interest from high yield corporate investors, sources tell GlobalCapital.
View ArticleLSE aims to disrupt 'old fashioned' private debt
The London Stock Exchange will launch an online private placement platform later this year, hoping to standardise and streamline access to the debt markets for some of Europe's SMEs, and replace "old...
View ArticleMustier bold again, speeding painful Pioneer sale
Jean-Pierre Mustier’s had a busy first month at UniCredit. Already, the new CEO has launched a strategic review, sold 10% each of FinecoBank and Bank Pekao, made a host of senior appointments and...
View ArticleEnap readies bond as Lat Am LM picks up
Chilean state-owned oil company Empresa Nacional de Petróleo (Enap) will look to tap the bond markets next week to fund a buyback of existing debt as Latin American companies continue to turn to tender...
View ArticleScrapped Lending Club ABS resurfaces
A securitization from Jefferies of loans originated by Lending Club reemerged this week after being cancelled in May following the turmoil at the online lender, with sources saying demand for the bonds...
View ArticleEcuador regains market access but tenors stay short
South American sovereign Ecuador this week demonstrated its ability to raise new debt despite a challenging economic outlook but analysts said the government’s rate of debt issuance was unsustainable.
View ArticleT and T continues Lat Am surge with $1bn 10 year
Trinidad and Tobago raised $1bn of 10 year bonds on Thursday in its first bond sale in more than two and a half years. Bankers said the weight of cash on investor pockets continued to drive the market...
View ArticlePeak Sport preps for HK$2.45bn take private
A single Chinese lender will help fund a take private of Hong Kong-listed Peak Sport Products, according to an exchange filing.
View ArticleSunshine beats the heat with $200m CB
Sunshine 100 China Holdings got a $200m convertible bond over the line on Thursday, enticing investors with one of the highest yields on equity-linked debt in the region this year.
View ArticleAdani Transmission electrifies with debut bond
Adani Transmission’s maiden $500m bond saw overwhelming demand of more than $5bn on Thursday as the issuer left plenty of money on the table for investors — which was reflected in secondary with the...
View ArticleInsurers face pressure to sell some US utilities’ bonds
Increasing calls for insurers to divest from companies with a large proportion of coal-fired generation activities could prompt a sell-off of certain utility company bonds, according to a report by...
View ArticleFunding scorecard: Nordic agencies
This week's scorecard looks at how far Nordic agencies have progressed with their funding programmes.
View ArticleRBNZ considers tightening mortgage lending rules
The Reserve Bank of New Zealand (RBNZ) has set out new proposals aimed at cooling house price inflation, which it says has become increasingly disconnected from household incomes.
View ArticleThe Cover moves to GlobalCapital
The Cover and GlobalCapital are joining forces. From the start of next week, The Cover’s new home page will be in the FIG section of GlobalCapital, and your daily email alerts will come from GC.
View Article