Secondary pricing update - featuring Rentenbank's dollar 10 year
Trading levels given are bid-side spreads versus mid-swaps and/or an underlying benchmark as of Thursday's close. The source for secondary trading levels is Interactive Data.
View ArticleTap possibility raised as Euroclear services Russia sovereign bond
Euroclear started servicing the Russian sovereign’s $1.75bn 2026 bond on Thursday, prompting a 30bp yield rally in the bonds and opening further discussion as to when the sovereign may return for more...
View ArticleAsia ECM weighs on UBS IB
UBS’ overall revenue beat analyst expectations, but a drop in equity capital markets and derivatives income dragged the investment banking unit to a 15% drop in year-on-year revenue in the second quarter.
View ArticleSSAs turn on taps as benchmark flow dries up
A pair of public sector borrowers mandated banks on Monday to run small taps of dollar bonds, a theme that SSA bankers expect to run for the next few weeks.
View ArticleVodafone achieves long dated ambition in sterling market
Just one week after it issued a €1bn 15 year bond in the euro market, Vodafone swooped for sterling on Monday issuing an £800m 33 year bond.
View ArticleBrandenburg readies 20 year debut
The German State of Brandenburg is set to double the record for its longest ever syndication, after hiring banks on Monday for a no-grow €300m 20 year bond.
View ArticleLatham & Watkins hires ABS partner from Slaughter & May
Latham & Watkins has hired a new structured finance partner for its London office, who joins from Slaughter & May.
View ArticleWells out with first ever retention compliant CMBS
Wells Fargo hit the primary CMBS market on Monday with the sector’s first ever risk retention compliant transaction, in what observers are describing as a “road test” for a market that is still looking...
View ArticleMizuho merges derivs teams under rates banner
Mizuho Financial Group is to establish a consolidated vanilla derivatives platform in London by combining Mizuho Capital Markets, a derivatives business, with Mizuho International, its securities and...
View ArticleICAP hires Americas head for BrokerTec Direct platform
EBS BrokerTec, ICAP’s electronic fixed income and foreign exchange business, has made a senior hire from Tradeweb to lead its BrokerTec Direct team for the Americas.
View ArticleRights issue recidivist MPS to attempt €5bn cash call
Banca Monte dei Paschi di Siena will try to raise €5bn of capital by completing its fifth rights issue in eight years by the end of 2016.
View ArticleTradition and LMRKTS team up on FX forwards compression
Tradition has entered a strategic partnership with LMRKTS to execute and compress foreign exchange forwards contracts.
View ArticleTullett adds Creditex hybrid voice broking to buyout spree
Tullett Prebon has entered an agreement to buy Creditex’s US hybrid voice broking business from Intercontinental Exchange.
View ArticleSmall US firms gain swaps margin exemption
US federal agencies have agreed a final rule exempting some commercial and financial derivatives counterparties from having to pay margin on trades not cleared through a clearing house.
View ArticleDoc shock sinks SEK tap
Swedish Export Credit Corporation (SEK) has cancelled plans to sell a tap of its January 2019 global floating rate notes on Tuesday, due to a problem with the documentation for the reopening.
View ArticleSoc Gen: Marina sails into top levloan berth
Société Générale this week appointed a new European head of leveraged loan syndicate, after the former levloan boss left the bank.
View ArticleOrbit looks to issue retained tranche
Orbit Group is holding investor update calls ahead of a planned issuance of £50m of bonds that it had retained from a March deal.
View ArticleA history of financial engineering at Monte dei Paschi
Following a stress test result that saw its stressed capital ratio dip into negative territory, Monte dei Paschi di Siena is once again turning to heavy duty financial engineering to save its skin,...
View ArticleUS CLO triple-A spreads rally below 150bp
US CLO triple-A spreads are on a tear, with the latest offering tightening below the 150bp mark for the first time in 2016, buoyed by a broadening investor base and improved market sentiment.
View ArticlePlenty for 20: Brandenburg builds big book
The State of Brandenburg drew a well oversubscribed book for a no-grow €300m August 2036 bond on Tuesday, adding to a spurt of 20 year euro deals over the last two weeks.
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