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UK’s ‘KfW’ to be major capital markets player

Supranationals & Agencies

UK’s ‘KfW’ to be major capital markets player

Senior market participants welcomed the announcement of the UK Infrastructure Bank’s creation in this week’s Budget speech. While it is unlikely to tap capital markets in the near future, bankers hope the bank will evolve into a major government agency borrower that prints socially responsible bonds to help in the UK’s goal to reach net zero carbon emissions by 2050.

  • Booming US convertibles shrug off Nasdaq sell-off

    Equity-Linked

    Booming US convertibles shrug off Nasdaq sell-off

    The US convertible bond market is charging ahead despite a sell-off in technology stocks over the past fortnight, with multiple jumbo transactions this week from some of the world’s best known companies. The frenzy has left many wondering what it will take to derail one of the hottest corners of the capital markets. Aidan Gregory reports.

  • US inflation fears bring trouble for EMEA block trades

    Equity

    US inflation fears bring trouble for EMEA block trades

    Europe’s equity bankers are looking nervously across the Atlantic at a prolonged sell-off in US stocks that began when fears of impending inflation caused investors to dump tech stocks. The contagion has spread to the European markets, with investor fear starting to show in recent block trades, writes Sam Kerr.

  • Landmark Starwood project finance CLO opens door to new asset class

    CLO/CDO

    Landmark Starwood project finance CLO opens door to new asset class

    MUFG has introduced a new CLO asset class, bundling $500m of project finance and infrastructure loans together for Starwood Property Trust, in a deal that clearly demonstrated investor appetite for the product. Other issuers could follow, raising capital for the forthcoming US infrastructure building plan potentially worth $2tr, writes Paola Aurisicchio.

  

  

People & Markets

  • HSBC GBM to double down in Asia, Middle East

    HSBC GBM to double down in Asia, Middle East

    HSBC's global banking and markets division (GBM) plans to invest in Asia and plug more than half its risk-weighted assets (RWAs) in the Apac region and the Middle East by 2022, the bank outlined when reporting its full-year results on Tuesday. Meanwhile, in the final three months of last year, global banking revenues fell year-on-year, but proceeds from equities more than doubled.

  • Bots hires two ahead of live pilot of DCM platform in Q2

    Bots hires two ahead of live pilot of DCM platform in Q2

    Bond Origination Technologies (Bots), a new tech company that aims to automate pricing indications in the primary debt capital markets, has made two hires as it prepares to launch its first live pilot in the second quarter.

  • UniCredit baffled by Wirecard 'moonlighting' allegation

    UniCredit baffled by Wirecard 'moonlighting' allegation

    A report that Jana Hecker, global head of equity syndicate and equity capital markets at UniCredit, had worked privately for Markus Braun, the imprisoned former CEO of Wirecard, stunned UniCredit employees on Friday afternoon when it appeared in the Financial Times.

  • UK misses chance with mortgage guarantee

    If the UK government is serious about reversing the trend in declining homeownership it needs to do more than the half-hearted guarantee on a narrow subset of loans announced in this week’s Budget.

  

Southpaw
by David Rothnie

LevFin

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