ICBC, Haikou Meilan take bites of dim sum bonds
ICBC (Singapore) and Haikou Meilan International Airport sold well-digested dim sum bonds on Thursday, managing to find decent demand despite a challenging funding environment.
View ArticleCaliber markets its second non-QM RMBS deal
Caliber Home Loans is marketing its second non-qualified mortgage (QM) RMBS deal — only the second non-QM deal to be rated following the financial crisis.
View ArticleTobacco securitizations stink
The emergence of a rare tobacco settlement securitization deal in the US this week should raise questions about the perversity of these deals.
View ArticleNegative new issue premium for Iberdrola’s €700m green bond
Spanish energy company Iberdrola on Thursday added a €700m note to its green bond profile, only four months after it printed another €1bn of green bonds.
View ArticleObvion, CarVal clear RMBS deals as investors scramble for yield
Obvion and CarVal closed Dutch and UK RMBS deals on Thursday, with investors saying the pricing on both transactions offered room for spread tightening in the secondary market.
View ArticleNo bubble in subprime autos – DBRS
DBRS analysts dismissed recent worries of a growing bubble in subprime auto ABS in a Thursday conference call, citing consistency in loan pools dating back to pre-crisis days.
View ArticleFINRA suspends ex-Jefferies banker
Kevin Blaney, a former MBS managing director and salesman at Jefferies, has been suspended from the securities industry for three months by the Financial Industry Regulatory Authority (FINRA) for...
View ArticleNoé returns to lead Kroll’s push into Europe
Kroll Bond Rating Agency has hired Mauricio Noé to lead a new push into the European market, where it hopes to offer ratings on the whole range of credit types, from public sector to high yield.
View ArticleEuro CLO issuers itching to launch new deals despite lev loan shortage
Strong demand for CLO debt is pushing issuers to market new deals more quickly, but a barren leveraged loan market is keeping them at bay for now.
View ArticleBMW returns with fifth German auto loan deal
BMW Bank is returning to the European ABS market for a fifth German auto loan ABS deal from its Bavarian Sky shelf.
View ArticleOctagon CLO benefits from Chinese interest
Chinese investors are beginning to invest in US CLOs, according to sources speaking to GlobalCapital, as issuers continue to rely on global interest in the product.
View ArticleIndian banks at risk of breaching Basel III requirements
A group of 11 Indian banks have a total capital adequacy ratio that is either at or lower than the minimum required by the end of the 2019 fiscal year, according to a report published by Fitch Ratings...
View ArticleDBS mandates leads for its euro covered debut
DBS Bank in Singapore has mandated leads for a roadshow to market its first euro-denominated covered bond and the second from a Singaporean lender in euros.
View ArticleBankers eye steady supply with visible sub pipeline
There was no new FIG issuance in euros or sterling on Monday, but FIG bankers are confident of another busy week in the primary market.
View ArticleSilk Road Bonds: looking for takers
Silk Road bonds (SRBs) could boost the popularity of the renminbi as well as address emerging markets infrastructure shortages, according to panelists at a forum by credit agency Dagong and the...
View ArticleEvents, not supply, may yet hit spreads
Five covered bond deals were launched on the Monday preceding last year’s ECBC/Euromoney covered bond conference. The surfeit of supply caused spreads to widen which is unlikely to happen this year....
View ArticleIndustrial Bank on the way to dollar debut
Industrial Bank Co has thrown open books for a dual-tranche dollar offering following a series of fixed income investor meetings at the start of the month.
View ArticleBank of Nova Scotia returns to dollar covered bonds
Bank of Nova Scotia returned to the covered bond market for the second time this month and the sixth time this year, opening books for its second dollar benchmark of 2016 and the fifth from a Canadian...
View ArticleIndian AT1s: not at any price
The prospect of the first international bank capital trade from India is closer with State Bank of India on the road this week for a dollar-denominated additional tier one. While it has picked a good...
View ArticleANZ NZ issues first seven year covered bond since June
ANZ New Zealand took advantage of a slight back up in yields and a scarcity of seven year covered bonds to issue a well oversubscribed deal on Tuesday.
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