World Bank, Saxony-Anhalt line up for dollars
Dollar supply looked set to return to the SSA market on Wednesday after the World Bank and the German State of Saxony-Anhalt released initial price thoughts for new benchmark issues.
View ArticleInvestors flock to Italy’s inaugural 50 year
Italy joined the ultra-long borrower club on Tuesday, attracting more than €18.5bn of demand for its first ever 50 year syndication.
View ArticleEuropean margin rules finally pass EC approval
The European Commission has approved, with some amendments, rules for collecting margin on uncleared derivatives, traversing a key hurdle as Europe seeks to catch up with Canada, Japan and the US.
View ArticleStop saying Deutsche and Lehman in the same breath
Deutsche Bank, its balance sheet and the market it operates in are worlds away from where major financial institutions stood in 2008 — so those scaremongering either have their own incentives for doing...
View ArticleDon’t blindly walk back to Russian loans
Attitudes towards Russian credits have miraculously softened this year and the friendly new outlook has even filtered to the loan market, as last week Norilsk Nickel signed the first sizeable unsecured...
View ArticleNKT and Hastings blocks both covered after Abertis blowout
Two more equity block trades are out in the European market on Tuesday evening, after Monday’s Abertis deal achieved a highly successful sale.
View ArticleRMBS primary still lags, but secondary market keeps buyers busy
RMBS investors have been disappointed by the sluggish pace of non-agency issuance in 2016, but the secondary market is proving to be a fertile hunting ground for buyers looking to add exposure.
View ArticleSoFi lines up new consumer loan deal
California-based SoFi is marketing a $427.8m ABS deal, the fourth such offering from its unsecured consumer loan shelf.
View ArticleLow volatility hits equity deriv flows, but rates and energy grow
Volume figures released by major derivative exchanges show that low volatility continues to subdue volumes in equity derivative products, although flows improved in September. Interest rate, metal and...
View ArticleRefresco block of 10% comes as stock closes at IPO level
The second block trade in Refresco Gerber, the Dutch soft drinks bottler, since its €563m IPO in March 2015, is taking place tonight.
View ArticleWorld Bank unveils tools to unblock infrastructure logjam
The mismatch between the $12tr of assets managed by long-term investors and the urgent need for infrastructure investment in emerging economies has been a longstanding challenge. Word Bank CFO Joaquim...
View ArticleAAG drives through more M&A bonds with new €180m tap
Alliance Automotive, the Blackstone-owned French car parts supplier, announced and printed an add-on to its LBO bonds in one day, to fund the acquisition of UK peer FPS Distribution.
View ArticleIssuance of NPL, RPL deals driving new mortgage production
The sale of non-performing and re-performing loans has become a way for banks to free up space on balance sheets and reduce punitive capital charges, which observers say has driven an increase in...
View ArticleFirst CRE MPL securitization could surface in 2017
The commercial real estate segment of the marketplace lending industry is on track to bring a debut securitization to market in 2017, sources say, as investors grow comfortable with online lending and...
View ArticleColombia faces downgrade threat after rejecting peace deal, tax reforms in doubt
The Colombian government’s much vaunted tax reforms are in jeopardy following the country’s vote against the FARC peace deal. Credit ratings agencies will be watching carefully
View ArticleEXCLUSIVE: Lagarde’s damning verdict on Europe’s banks: ‘stop dragging out...
In an exclusive interview with Emerging Markets, IMF managing director Christine Lagarde says that the problems facing Europe’s banks can be partly put down to their failure to adopt the tough approach...
View ArticleBermuda plotting bond to fund tender
Island nation Bermuda is understood to be targeting Tuesday, October 11 to issue its first bond in three years, according to one investor, after beginning a roadshow earlier this week.
View ArticleCapital is coming, says Egypt's finance minister El Garhy
Egypt's finance minister Amr El Garhy tells Emerging Markets the country is on the verge of unlocking access to not only an $12bn Extended Fund Facility, but also some $10bn–$15bn of foreign direct...
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