Germany has picked banks for its eagerly awaited 30 year green bond. Bankers expect the deal to go well since it will be one of the rare German syndications to offer a positive yield.
JP Morgan is running the acquisition financing for Ion Investment Group’s purchase of Italian banking software group Cedacri, a major shift for the finance, technology and data group, which has relied on Credit Suisse and UBS to fund its spree of its debt-fuelled acquisitions. The group also turned to high yield bonds for the first time recently, a major departure for a company which once prized the privacy of the loan market.
Nordea made a rare entry into the euro tier two market on Monday, taking advantage of strong issuance conditions to steer its pricing in close to fair value.
The number of emerging market syndicated loans is in decline for the fourth year in a row, according to Dealogic data. Bankers' outlooks for the rest of the year err on the pessimistic side, with the fallout from the pandemic being the main concern.
Recent trades have demonstrated just how sublime primary market conditions are for covered bond issuers, stoking a revival of the previously dormant sector.
BNP Paribas has made two senior hires in European equity capital markets as part of an ambitious effort to challenge for top league table positions in the region.
Crédit Agricole has promoted four staffers to fill vacant and newly created jobs in its debt capital markets leadership team, including global head of financial institutions DCM and head of European corporate DCM.
A $7bn equivalent nine-tranche bond issued by London Stock Exchange Group in March put the newest generation of bond documentation software through its paces. It was the first deal of its size and complexity to use one of the growing array of automation technology platforms.
 from him for use 575x375.jpg)
Peter Zirwes, the highly regarded head of corporate finance at Daimler, Europe’s second biggest corporate bond issuer, will retire at the end of August. This follows an eventful career that has spanned bouts of transformative M&A.
Bank of America has hired a managing director from Goldman Sachs to help lead a new team in its UK investment banking division that aims to increase the bank’s coverage of private and emerging growth companies.
The Financial Conduct Authority’s plan to look at helping US-style special purpose acquisition companies list in London smacks of short-termism.
Having proved its strategy is working, Deutsche Bank is now looking ahead to a new phase of expansion in its capital markets and underwriting businesses, writes David Rothnie.
China’s latest crackdown on some of its largest internet companies should raise a critical question — who are the real beneficiaries of reining in the country’s technology titans?
The dollar market filled up on Monday with mandates from a broad range of SSA borrowers. Canada, European Investment Bank, BNG and Tokyo Metropolitan Government were all set to hit the market on Tuesday.
Allied Irish Banks (AIB) sold its sophomore green bond on Monday, printing €750m of senior paper at a spread flat to fair value and close its Irish peers.
Rental car company Avis is looking to get a securitization deal done for the first time since its blockbuster deal in August 2020. Despite the headwinds of the pandemic, the firm achieved its best Ebitda margin ever in the first quarter thanks to aggressive cost cutting measures and returning demand for travel.
Despite paying a chunky new issue premium, Deutsche Bahn was still able to score some attractive arbitrage with its latest Swiss franc deal this week, and with favourable pricing on offer for foreign names, bankers are confident more could follow.
The spread benefit of ESG-linked debt was on clear display in Europe’s corporate bond market on Monday. For the second time in days, investors were offered two similar transactions and paid significantly more for the ESG option, in this case a green bond from Red Eléctrica.
The number of emerging market syndicated loans is in decline for the fourth year in a row, according to Dealogic data. Bankers' outlooks for the rest of the year err on the pessimistic side, with the fallout from the pandemic being the main concern.
Spreads on triple-A notes have once again begun to tighten, following a pause while the market digested the heavy flow of new supply. Market participants expect further tightening could follow from June.
African Export-Import Bank launched a dual tranche dollar bond on Monday morning, with orders exceeding $3bn by midday. Emerging market bank issuers have been especially active in recent month thanks to attractive credit conditions.
Standard Chartered has revamped its corporate, commercial and institutional banking (CCIB) business, combining its credit and origination operations and handing out promotions to a number of senior bankers in Asia.
China’s auto loan ABS market reopened strongly in May after a quiet few weeks, with SAIC-GMAC Automotive Finance Co, Volkswagen Finance (China) Co and domestic originator FAW Auto Finance Co all looking to price deals this week.
The IPO of hGears, the German maker of high-precision gears for e-mobility, was covered on Monday, less than a day into book building, according to a source close to the deal.
Fairwater Capital, an alternative investment boutique, has hired Eric de Sangues, formerly of Chenavari Investment Managers, as head of structured credit.
.png){kind=logo}
GC Asia
