Funding scorecard: French agencies
This week's scorecard looks at the progress French agencies have made with their funding as we move into the fourth quarter
View ArticleAfDB's first euro trade scores
Bankers on and off the deal deemed the African Development Bank’s first foray into the euro market a success, thanks to the borrower's cautious approach to size and pricing.
View ArticleBusy convertibles market welcomes Ship Finance, Recipharm deals
After a busy week for convertible bonds, two more deals have been priced late in the week.
View ArticleSubprime auto ABS losses surge 27% YoY in August
Losses in US subprime auto ABS have increased dramatically, with longer loan terms and loss levels from smaller subprime lenders driving a 27% increase in losses year-over-year in August.
View ArticleCLO market eyes a downturn
The CLO market is bracing itself for a long awaited downturn in US credit, amid talk that the current economic cycle is coming to an end.
View ArticleSagess to hit road for euro bond
Société Anonyme de Gestion de Stocks de Sécurité (Sagess) has picked four banks to arrange an investor roadshow for a euro bond, its first to be eligible for purchase by the European Central Bank.
View ArticleGatwick lands sterling deal amid currency volatility
Gatwick Airport made a rare solo flight into the sterling bond market on Monday as the pound fell on resurgent Brexit fears, but UK investors were present to support the deal.
View Article'UK will live within its means' promises Hammond but Gilt supply tipped to rise
UK chancellor of the exchequer Philip Hammond abandoned on Monday his predecessor’s ambition to pay off the country's public debt by 2020 but renewed its commitment to fiscal consolidation. SSA bankers...
View ArticleBlackstone vehicle to offer rare mezzanine Spanish RMBS opportunity
A new Spanish RMBS deal from a Blackstone backed vehicle will offer investors the rare opportunity to buy mezzanine exposure in the scarce asset class.
View ArticleTullett replaces EMEA chief, names TP-Icap execs
Tullett Prebon is set to lose its European chief executive, who becomes the second senior departure in the past week from a planned Tullett-Icap combined group as the two interdealer brokers look to...
View ArticleItaly mandates first 50 year
Italy announced on Monday the banks to lead its first ever 50 year syndication, a bond planned since May.
View ArticleESMA: Derivs need specialised post-trade reporting
Post-trade reporting of non-equity trades under MiFID II will be too onerous and expensive for single services, known as consolidated tape providers (CTPs), the European Securities and Markets...
View ArticleAnother Abertis block trade: OHL sells down €577m
One of the most regular names in Europe’s equity block trade market, Abertis Infraestructuras, is the subject of another deal tonight, with regular bookrunners UBS, Bank of America Merrill Lynch and JP...
View ArticleViews diverge on triple-A CLO value
CLO triple-A paper is attracting strong demand from buyers across the globe, but there is disagreement among investors over the relative value of paper from first and second tier managers.
View ArticleMPL players question viability of "hybrid" funding model
Marketplace lending players are expressing mixed views on whether a so-called hybrid model, which combines the balance sheet approach and marketplace lending model, is the answer for platforms seeking...
View ArticleCentral bank bid boosts sterling supra duo
Two supranationals saw strong demand for new sterling benchmarks on Tuesday despite the sell-off in the currency inspired by UK government promises of a hard and fast departure for the country from the...
View ArticleBNPP picks Jung to run client coverage, financing and advisory as Mennicken...
BNP Paribas reshuffled some of the most senior executives at its corporate and institutional bank as it looks to boost cooperation between the business and its risk management division.
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