Bookrunners release guidance on Avant deal
Subprime consumer marketplace lender Avant kicked off this week’s new issue pipeline with guidance on its latest $200m offering, which is expected to price on Tuesday.
View ArticleIBK takes two-track approach for AT1
Industrial Bank of Korea is poised to reach out to both offshore and onshore bond investors for Basel III additional tier one capital later this year.
View ArticleMMC plans $1bn Malaysian port listing in 2017
MMC Corp, owned by Malaysian tycoon Syed Mokhtar Al-Bukhary, is considering spinning off its port assets in an IPO that could raise $750m-$1bn, according to sources close to the matter.
View ArticleEurofima taps Kanga bond
Eurofima has increased its January 2027 Kangaroo bond by A$20m ($15.4m), taking the total outstanding volume of the bond to A$95m. The smaller sized, tap to demand reopening is a growing trend in the...
View ArticleValeant posts second quarter loss but outlook stays upbeat
Valeant Pharmaceuticals, the largest obligor across US CLOs, announced a loss for the second quarter on Tuesday, but its CEO reassured investors and lenders that the plan for a turnaround is still on...
View ArticleFMS-W and ADB out in dollars as US yields wobble
FMS Wertmanagement mandated banks for a dollar benchmark on Tuesday as Asian Development Bank sold a dual tranche dollar green bond, amid a topsy-turvy time for US Treasury yields.
View ArticleWhy central banks should purchase in the worst way possible
Since last Thursday’s announcement that the Bank of England will purchase corporate bonds again, much chin stroking has occurred about the differences between the Bank’s approach and that of the ECB....
View ArticleLending Club ABS a bright spot amid big losses, exec reshuffle in second quarter
The strong pricing of a Lending Club ABS offering sold by Jefferies last week was the only positive note on an otherwise glum earnings call, as the online lender reported a sharp loss in the second...
View ArticleMelrose begins trading ex-rights
Shares in Melrose Industries, the UK investment firm, began trading ex-rights on Tuesday ahead of its £1.6bn rights issue on the London Stock Exchange.
View ArticleThe limits to covered bond spread widening
With new issue premiums set to rise and spreads prone to soften, the covered bond market could be set for a repeat of last year’s spread widening. But this time supply is more limited, and any move...
View ArticleDeutsche Bank loses Asia head of high yield
Guillaume du Cheyron, head of high yield bond origination and execution for Asia, has left Deutsche Bank.
View ArticleMinsheng Leasing launches $200m loan with two
China Minsheng Hong Kong International Leasing has hit the loan market for a fresh money borrowing of $200m, with two mandated lead arrangers and bookrunners.
View ArticleWisdom Education, AAB International file HK IPOs
Wisdom Education International Holdings Co is looking to list in Hong Kong via sole sponsor BNP Paribas, filing an A1 on Tuesday.
View ArticlePfP shrugs off rating downgrade with £1bn book for new bonds
Places for People , the UK housing company, on Wednesday sold £400m of bonds with orders more than 2.5 times the offering size two weeks after Moody’s cut its ratings to A3.
View ArticleStarwood European Real Estate Finance launches £73m capital increase
Starwood European Real Estate Finance, the Guernsey domiciled closed end investment fund focused on real estate debt, has begun a £73m capital raise on the London Stock Exchange.
View ArticleIsolux: dealers line up CDS auction with one bond in play
An auction to settle credit default swaps referencing Grupos Isolux Corsán Finance is expected to take place on August 24, the International Swaps and Derivatives Association’s EMEA Determinations...
View ArticleSSAs hot for Kangas
KfW tapped a A$2.1bn 4% January 2019 bond on Wednesday for A$200m ($154.4m), as KommuneKredit reopened a A$215m 2.9% November 2026 for A$25m.
View ArticleCrédit Agricole to broaden synthetic ABS scope
Crédit Agricole could expand its synthetic securitization programme to cover more asset classes, after closing a deal to move €1bn of European corporate loans off its balance sheet.
View ArticleFMS-W in dollar blowout as Alberta goes for length
FMS Wertmanagement printed $2bn of bonds on Wednesday for the first time since November 2013 and only the fourth time in its history, as rampant demand in thecurrency showed no signs of letting up.
View ArticleHY closes Veritas LBO wound
Eight months after the deal was first launched, European and US high yield investors on Wednesday accepted Veritas Technologies’ €600m secured bond from a multi-billion funding package to support its...
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