European investors pile into latest Renovate America deal
A $320m offering from residential Property Assessed Clean Energy (PACE) ABS issuer Renovate America saw the entrance of the European buy-and-hold crowd into the asset class, the company told...
View ArticleBig-funding Argentina to diversify with euros
The Republic of Argentina is set to continue its huge year of bond issuance with its first euro-denominated trade since its 2001 default. The announcement comes after the finance ministry said it would...
View ArticleGridsum nets $82m from blowout US listing
Chinese data analytics firm Gridsum Holdings has raised $82m after global investors piled in to its Nasdaq IPO.
View ArticleRussia proves Western banks redundant with '100% international' tap
With a $7.5bn book and a deal sold wholly to international investors, Russia returned to the capital markets in style on Thursday, shrugging off the ghosts of failure that blighted its return in May.
View ArticleRegulators and EC clash on covered bond collateral
The European Commission could ignore the advice of the European Supervisory Authorities and plough on with its plan to exempt covered bond swaps from collateral posting where the claim is subordinate...
View ArticleSSA secondary pricing update: featuring World Bank's $3.5bn Sep 2021
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 ArticleTelecom Italia gets 'stonking' book on latest benchmark
Telecom Italia printed a €1bn benchmark nine year deal on Friday afternoon alongside a €500m issue for French real estate firm Gecina, as bankers anticipated a busy next week.
View ArticleInnogy IPO shoots for €5bn with BlackRock cornerstone bid
RWE has announced the price range for the IPO of its renewables business Innogy, which could become the largest IPO in Europe since 2007 if it reaches its maximum €5bn size.
View ArticleNH Hoteles prices 'high yield' deal at 3.75% coupon
Spanish-based NH Hotel Groupe — a single B rated credit — printed a €285m bond at a yield of 3.75% on Friday, as leveraged finance investors pile into the primary deal flow.
View ArticleFistful of block trades sells out, with CaixaBank, Veolia, Scout24
The blaze of equity block trades on Thursday night was well received, with important deals completed for CaixaBank and in shares of Veolia Environnement and Scout24.
View ArticleSpreads driving HY investors to US CLOs
US CLO debt is drawing heightened interest from investors in other corners of the fixed income market, as the bonds remain cheap to other assets and offer attractive spreads for buyers looking for a...
View ArticleNo-grow subprime auto offering enters pipeline
A $438m offering from DriveTime Auto will enter the ABS primary pipeline next week, as issuers attempt to price deals before a slew of political events hit in the fourth quarter.
View ArticleCEB and SEK hit short end in dollars
Public sector borrowers hit screens with dollar deals on Monday that are in keeping with a market that has been very much focused on the short end of the curve over the last few weeks.
View ArticleSterling HY hits flurry with BofE set to pull trigger
Four high yield issuers are aiming to tap into improving sentiment in the corporate sterling market as the Bank of England readies its corporate bond purchase programme for Tuesday.
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