Cabei contemplates green benchmark after Uridashi outing
The Central American Bank for Economic Integration could return to benchmark issuance in 2017, after this week selling $72m-equivalent of green paper to Japanese retail investors in its first ever SRI...
View ArticleBancomext blowout caps flying week for Lat Am corporates
A welcome trio of non-Argentine corporate issuers provided variety to the Latin American new issue market this week, with all three achieving the rare distinction of being praised by DCM bankers both...
View ArticleIL&FS tees up third quarter Rp15bn InvIT IPO
India’s Infrastructure Leasing & Financial Services is planning to float an infrastructure investment trust later this year and is targeting a potential size of Rp15bn ($224.0m), according to a...
View ArticleLitigation costs punish RBS as it posts £2bn H1 loss
Royal Bank of Scotland’s plans to return to profitability have taken another blow after the bank posted a worse than expected £2bn first half loss on Friday morning, which it blamed on mounting legal...
View ArticlePost-BofE whopper completes huge week for Barclays holdco
Barclays raised its first sterling senior debt from its holding company on Friday, taking advantage of a spread rally to round off a big push for holdco this week.
View ArticleTullett takes CME hybrid trading tech in house
Tullett Prebon has bought a long term licence to use CME Group's hybrid voice/electronic trading technology, adding to the interdealer broker's other recent hybrid expansion initiatives.
View ArticleGroundhog Day for covered bonds
In the 1983 blockbuster movie TV meteorologist Phil Connors gets caught in a time loop. With new issue premiums set to rise and spreads prone to soften, the covered bond market could also be set for a...
View ArticleBNPP boosts FIG DCM with Nomura hire
BNP Paribas has hired a banker from Nomura to join its FIG DCM team.
View ArticleSecondary pricing update: featuring NIB's $1bn five 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 ArticlePetit Forestier closes €525m M&A loan oversubscribed
Petit Forestier, the French refrigerated vehicle leasing firm, closed syndication of its €525m acquisition loan earlier this week with oversubscribed commitments from lenders.
View ArticleVodafone glides into rallying sterling to print third bond in two weeks
Vodafone continued to throw primary supply at European corporate bond markets on Friday, printing its third bond in two weeks as it issued a £1bn 40 year deal.
View ArticleEthos Capital falls on Johannesburg debut
Ethos Capital, a permanent capital vehicle belonging to Ethos Private Equity, one of the largest private equity companies in sub-Saharan Africa, had a bumpy ride on its first day of trading on the...
View ArticleRBS scraps plans to list Williams & Glyn
Royal Bank of Scotland has abandoned plans to float Williams & Glyn, the subsidiary it must sell by the end of 2017, after it announced a worse-than-expected loss of £2bn in the first half of 2016.
View ArticleIsolux joins growing list of European credit events
Grupos Isolux Corsán Finance has triggered a bankruptcy credit event, the International Swaps and Derivatives Association’s EMEA Determinations Committee has ruled.
View ArticleBMW rides the sterling wave with £600m six year
BMW tapped into the increasing pace of corporate sterling bond issuance as it issued a benchmark six year offering against the backdrop of anticipated central bank intervention in the market.
View ArticleCME and TriOptima complete Mexican peso compression
TriOptima and the Chicago Mercantile Exchange have completed the first triReduce multilateral compression cycle for cleared Mexican peso interest rate swaps, in what they said was also the first...
View ArticleMadrid crunches coupon via MTN market
The Autonomous Community of Madrid has crushed its long dated borrowing costs with a 15 year euro medium term note.
View ArticleMelrose jumps 16% as Nortek acquisition moves towards completion
The share price of Melrose, the UK industrial buyouts specialist, leapt as much as 16% on Monday after the company said the window shop period of its acquisition of Nortek had expired, allowing the...
View ArticleNew BoE funding scheme will ‘crush’ primary RMBS market — investor
The Bank of England’s new Term Funding Scheme could hit the UK’s RMBS market hard by depressing issuance, investors fear, but an issuer said it would help bring a “distorted” market back into line.
View ArticleCountrywide payouts being funnelled into US CLOs
The US CLO market is reaping the benefits of newly enriched investors hunting yield following the $8.5bn Countrywide RMBS settlement, according to sources speaking with GlobalCapital.
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