Securitization - Article Archive

  • Auto ABS Continue Strong Performance

    Automobile loan, lease and floorplan asset-backed securities continued to perform strongly in the second quarter, with the auto lease sector performing better than expected, according to Moody’s Investors Service.

    • 31 Jul 2013
  • U.S. Bank TruPS CDO Default/Deferral Rate Slips

    Combined defaults and deferrals for U.S. bank TruPS collateralized debt obligations slipped in the second quarter to 27.8% from 28.2% the preceding three-month period, according to Fitch.

    • 31 Jul 2013
  • Comment Sought On Midsize Bank Stress-Test Guidance

    The Federal Reserve, the Federal Deposit Insurance Corp. and the Office of the Comptroller of the Currency have jointly issued for comment on proposed guidance for stress tests to be performed on midsize banks. The comment period closes Sept. 25.

    • 31 Jul 2013
  • Senate Committee OKs FHA Reform Bill

    The Senate Banking Committee voted 21-1 to approve a bill aimed at reforming the Federal Housing Administration, including an amendment that would allow it to force servicers to contract subservicers to helped troubled borrowers.

    • 31 Jul 2013
  • UBS Said To Settle CDO Case With SEC

    UBS is said to have agreed to pay less than $60 million to settle claims by the U.S. Securities and Exchange Commission that the bank misled investors in a 2007 collateralized debt obligation that faltered when housing prices dropped.

    • 31 Jul 2013
  • CarMax Prices Third 2013 Deal

    CarMax Auto Funding’s upsized prime auto loan asset-backed securitization has been priced by lead bookrunners JPMorgan, Bank of America Merrill Lynch and Wells Fargo, with the top-rated $321 million A2 tranche, with 1.1-year weighted average life, pricing at EDSF plus 25 basis points, for a yield of 0.599%, according to an announcement viewed by SI.

    • 31 Jul 2013
  • U.K. Mutual Mortgage Lending Share Up 24%

    U.K. mutuals saw their market share of mortgage lending rise 24% in the first half of 2013, even as total mortgage approvals fell in June, according to the Bank of England.

    • 31 Jul 2013
  • Santander U.K. Continues To Shrink Mortgage Book

    Santander’s U.K. banking unit has shrunk its mortgage book by nearly £11 billion ($16.7 billion) to £152.3 billion ($231.19 billion), while also reporting that profits have dropped 20% in the first six months of the year.

    • 31 Jul 2013
  • Barclays Capital Plan Expected To Ensure Reaching Target

    Barclays’ announced plan for boosting capital by £5.8 billion ($8.81 billion) and other capital raising measures will “remove any uncertainty” over the bank’s previous plan to reach its target capitalization organically, according to Fitch Ratings.

    • 31 Jul 2013
  • IOSCO Recommends Supervisors For Rating Agencies

    The International Organization of Securities Commissions has issued a report recommending the establishment of “supervisory colleges” for internationally active credit rating agencies, and provides preliminary guidelines on how to constitute and operate them.

    • 31 Jul 2013
  • First U.K. LIBOR Hearings Set For October

    The U.K.’s Serious Fraud Office said the first hearings for traders accused of manipulating the London Interbank Offered Rate are tentatively scheduled for the week of Oct. 21.

    • 31 Jul 2013
  • Bookrunners of West European HY corporate bonds, 31 July 2013

    Source: Dealogic

    • 31 Jul 2013
  • Morgan Recasts U.S. Non-Prime Fund To European Buyers

    Morgan Stanley Investment Management is hoping to convince more European investors to participate in its new Global Mortgage Securities Fund, a Luxembourg-registered fund that primarily invests in U.S. non-agency Alt-A residential mortgage-backed securities.

    • 31 Jul 2013
  • Portuguese Bank Tenders Pelican and Sagres RMBS

    Portuguese bank Caixa Económica Montepio Geral bought back EUR63.5 million ($84.23 million) of Pelican and Sagres residential mortgage-back securities in its latest tender offer.

    • 31 Jul 2013
  • Caixa Económica Montepio Geral buys back Pelican and Sagres RMBS

    Portuguese bank Caixa Económica Montepio Geral bought back €63.5m of Pelican and Sagres RMBS in its latest tender offer.

    • 31 Jul 2013
  • Morgan Stanley IM takes US non-prime RMBS back to Europe

    Morgan Stanley Investment Management is hoping to convince more European investors to participate in its new Global Mortgage Securities Fund, a Luxembourg-registered fund that primarily invests in US non-agency Alt-A RMBS.

    • 31 Jul 2013
  • Action allocates loan add-on

    Action allocated its new €275m term loan ‘B’ on Tuesday after pushing through a last-minute reverse flex.

    • 31 Jul 2013
  • ConvaTec seeks to improve terms of existing debt

    Lenders have until Friday to commit to a debt amendment process for UK developer of medical technologies ConvaTec. The proposed changes to the company’s outstanding debt include a tightening of margins and a tweak of its covenants.

    • 31 Jul 2013
  • Swissport sells high yield tap at mid-point of guidance

    Swissport sold its $390m high yield tap at the mid-point of price guidance yesterday. The notes, which will be fungible with its $555m 7.875% senior secured 2018 bond, were priced at 102.75.

    • 31 Jul 2013
  • Barclays in focus as Coco plans emerge

    After Wall Street’s giants basked in the glow of a promising set of second quarter results, some of Europe’s biggest names have had a tougher time this reporting season. Barclays’ results were hit by mis-selling charges, while Deutsche Bank’s profits halved year-on-year as it increased legal provisions and suffered a decline in debt trading.

    • 31 Jul 2013
  • S&B Minerals sells Greek LBO high yield bond

    S&B Industrial Minerals, the Greek mining group, sold its debut high yield bond on Tuesday. The deal finances one of the first leveraged buyouts in Greece since its sovereign debt crisis.

    • 31 Jul 2013
  • RBC To Enter CLO Origination Biz With Hire

    RBC Capital Markets is picking up Royal Bank of Scotland’s head of collateralized loan obligation origination Russell Pemberton with an eye to taking a slice of the market for new-issue arrangement contracts, according to people familiar with the matter.

    • 31 Jul 2013
  • Wells Prices CMBS Floater

    Wells Fargo priced a $200 million floating-rate commercial mortgage-backed securities deal for Starwood Property Group and Fortress Investment Group backed by a loan on 123 Red Roof Inn properties.

    • 30 Jul 2013
  • Foreclosures Fall For 19th Straight Month

    Completed foreclosures fell for the 19th straight month in June, down 20% from a year earlier to 55,000, according to CoreLogic.

    • 30 Jul 2013
  • JGWPT Issues 36th Securitization

    Pennsylvania-based JGWPT Holdings has issued $174.674 million of fixed-rate asset-backed notes, the 36th securitization for the firm, which is the holding entity for J.G. Wentworth and Peachtree Financial Solutions, and its predecessors.

    • 30 Jul 2013
  • U.S. Credit Sales Chief To Leave RBS

    Anthony Britton is said to be leaving as head of investment-grade sales in the Americas at the Royal Bank of Scotland, which has been reducing the size of its investment bank in its effort to boost capital.

    • 30 Jul 2013
  • GSE Reform Still Years Off

    Reform of Fannie Mae and Freddie Mac will not take place for “at least a few more years,” according to analysts at Moody’s Investors Service, noting that “catalysts for near-term reform are not very strong, especially now that the GSEs have returned to profitability.”

    • 30 Jul 2013
  • North America Bank Debt Issuance Soars Tenfold

    Issuance of subordinated banks in North America soared tenfold in the first half of 2013 to $21.7 billion from $2.1 billion a year earlier, according Moody’s Investors Service.

    • 30 Jul 2013
  • U.S. Auto ABS Remain Solid

    Performance of U.S. automobile asset-backed securities remains solid despite a slight uptick in loss rates in June, according to Fitch Ratings.

    • 30 Jul 2013
  • Richmond Gives Aug. 13 Deadline

    The city of Richmond, Calif. has taken the first step toward acquiring mortgage loans out of private-label residential mortgage-backed securities with or without the consent of investors in those securities.

    • 30 Jul 2013
  • Barclays must raise its game with Coco execution

    Barclays has made no bones about its commitment to the Coco market, which it now aims to access again as part of its capital raising plan. But its past deals have had a rough ride in the secondary market and another one may be challenging. After Tuesday’s results, potential buyers need the promise of perfect execution this time.

    • 30 Jul 2013
  • Italian RMBS To Overcome All-Time Low Prepayment Rates, Says Fitch

    Italian mortgage prepayment rates hit an all-time low at the end of 2012, Fitch Ratings said this week.

    • 30 Jul 2013
  • Mid-Size Italian Banks Likes To Raise Fresh Equity

    Mid-sized Italian banks, such as Banca Popolare di Milano and Banca Popolare di Vicenza, are likely to raise new equity in the short to medium term to deal with tough operating conditions that are exerting pressure on their capital, according to Fitch Ratings.

    • 30 Jul 2013
  • Italian Bank Loan Portfolios Under Review

    The Bank of Italy has expanded its review of the asset quality of the nation’s banks to include their entire loan portfolio, “in some cases turning the inspection into a full-scope examination of the entire operational activity of the group.”

    • 30 Jul 2013
  • U.K. Prime RMBS Improve Slightly

    Performance of prime U.K. residential mortgage-backed securities improved slightly in the quarter ended May 31, with the 90-plus delinquency index slipping to1.9% from 2.0% the preceding three-month period, according to Moody’s Investors Service.

    • 30 Jul 2013
  • Non-Conforming U.K. RMBS Remain Stable

    The performance of U.K. non-conforming residential mortgage-backed securities remained stable in the quarter ended May 31, with 90-plus day delinquencies at 16.1%, the same as in February, according to Moody’s Investors Service.

    • 30 Jul 2013
  • Barclays Eyes September Rights Issue

    Barclays is planning to launch a £5.8 billion ($8.85 billion) rights issue in mid-September to raise funds to meet its capital requirements.

    • 30 Jul 2013
  • DB To Shrink Balance Sheet By Another EUR250 Bln

    Deutsche Bank says it is planning to shrink its balance sheet by an additional EUR250 billion ($331.32 billion) over the next two years after reducing it by EUR100 billion ($132.53 billion) in the second quarter.

    • 30 Jul 2013
  • UBS To Buy Toxic Asset Fund

    UBS plans to buy back the stabilization fund it jointly owns with the Swiss National Bank after it repays the CHF1.2 billion loan ($1.29 billion) UBS had received from the fund.

    • 30 Jul 2013
  • TwentyFour hires portfolio manager for ABS team

    London-based TwentyFour Asset Management has hired Douglas Charleston as a portfolio manager, with a focus on European residential mortgage-backed securities.

    • 30 Jul 2013
  • UniCredit preplaces Geldilux SME transaction

    UniCredit has privately placed a slice of senior notes from its Geldilux-TS-2013 deal, a securitization of German small- and medium-enterprise loans. The deal, which priced on Tuesday, is the twelfth issue from the longstanding and well-regarded Geldilux name.

    • 30 Jul 2013
  • Italian RMBS to overcome all-time low prepayment rates, says Fitch

    Italian mortgage prepayment rates hit an all-time low at the end of 2012, Fitch Ratings said this week. Deleveraging in Italian RMBS should, however, be enough to negate any negative carry that may occur as a result.

    • 30 Jul 2013
  • TwentyFour Hires Portfolio Manager For ABS Team

    London-based TwentyFour Asset Management has hired Douglas Charleston as a portfolio manager, with a focus on European residential mortgage-backed securities.

    • 30 Jul 2013
  • BofA Merrill hires vice chair of global financial sponsors team

    Bank of America Merrill Lynch has appointed Saba Nazar from Nomura as vice chair of its global financial sponsors group.

    • 30 Jul 2013
  • UniCredit Preplaces Geldilux SME Transaction

    UniCredit has privately placed a slice of senior notes from its Geldilux-TS-2013 deal, a securitization of German small- and medium-enterprise loans.

    • 30 Jul 2013
  • Eden Springs to close deal after delays but no changes

    Eden Springs expects to receive final commitments for its new package of loans by the end of this week, after an especially long issuance process.

    • 30 Jul 2013
  • TSL Education tightens covenants before closing book

    UK educational publisher TSL Education has tightened the restrictions attached to its new £250m debt package, most notably by adding a second financial covenant.

    • 30 Jul 2013
  • Swissport seeks $390m tap today for Servisair acquisition

    Swissport, the Swiss provider of ground services for airlines and airports, wants to issue some $390m of high yield bonds to finance a planned acquisition.

    • 30 Jul 2013
  • Greece's S&B Minerals guides HY debut to price €275m today

    S&B Industrial Minerals, the Greek mining group, is planning to sell its debut high yield bond later today. Leads released price guidance in the 9.25% area on Monday afternoon and closed books at midday today.

    • 30 Jul 2013
  • Cabot Financial returns for £100m in HY drive-by

    Cabot Financial, one of the high yield market's consumer debt purchasers, sold a high yield bond inside price guidance on Monday, in a one day execution. The £100m of senior secured notes were priced at par to yield 8.375%.

    • 30 Jul 2013
  • Issuers Prep More Than $4B In Conduit CMBS

    Issuers are making a big midsummer push in the primary commercial mortgage-backed securities conduit space, with $4.1 billion in new issue paper set to hit the market in the coming week.

    • 29 Jul 2013
  • CarMax Set To Price Third 2013 Deal

    CarMax Auto Funding is set to sell its third prime auto loan asset-backed securities deal of the year Tuesday or Wednesday following a $3.74 billion spate of auto issuance last week.

    • 29 Jul 2013
  • CRE Loan Prices Slip In June

    The price of whole loans securing U.S. commercial mortgage-backed securities slipped to 90.8% in June from 91.4% a month earlier, according to DebtX.

    • 29 Jul 2013
  • HSBC’s Suit Against DB To Proceed

    U.S. District Judge Robert Sweet of Manhattan has rejected Deutsche Bank’s bid to dismiss a lawsuit filed by HSBC Bank USA, serving as trustee, which alleges that the German bank misrepresented the loans underlying and estimated $540 million in residential mortgage-backed securities.

    • 29 Jul 2013
  • Wells To Pull Out Of Mortgage-Lending Joint Ventures

    Wells Fargo has announced that its Wells Fargo Ventures subsidiary plans to withdraw from its eight mortgage-lending joint ventures over the next 12 to 18 months, and will cut some 300 jobs as a result of stricter state and federal regulatory oversight.

    • 29 Jul 2013
  • UBS To Settle FHFA’s MBS Suit For $885 Mln

    UBS has agreed to pay the U.S. Federal Housing Finance Agency $885 million to settle charges that the U.K. bank misrepresented the quality of the loans underlying billions of dollars in residential mortgage-backed securities to Fannie Mae and Freddie Mac during the financial crisis.

    • 29 Jul 2013
  • U.S. Bank To Handle Freddie Mac MBS

    Freddie Mac has retained U.S. Bank Global Trust Services to serve as global agent for the government-sponsored enterprise’s $500 million unsecured bond offering, known as STACR.

    • 29 Jul 2013
  • Outlook For Legacy RMBS Improves

    Rising house prices and relatively low interest rates in the first quarter have helped improve the outlook for residential mortgage-backed securities backed by non-agency Alt-A, subprime, pay-option ARM and jumbo prime loans, according to CoreLogic. .

    • 29 Jul 2013
  • Italian RMBS Prepayments At Record Low

    Prepayments of loans in Italian residential mortgage-backed securities have hit an all-time low and will likely remain at depressed levels because of continued tight credit and low interest rates, according to Fitch Ratings.

    • 29 Jul 2013
  • B of E Names Deputy Governor

    The Bank of England has appointed Sir Jon Cunliffe as deputy governor for financial stability.

    • 29 Jul 2013
  • Spanish Banks Pressed To Cut Dividends

    The International Monetary Fund and Bank of Spain are pressing Santander, BBVA and other Spanish banks to cut dividends as the economy remains weak.

    • 29 Jul 2013
  • EBA Pitches Remuneration Standards

    The European Banking Authority has released draft regulatory technical standards for classes of instruments used for variable remuneration by financial institutions.

    • 29 Jul 2013
  • Basel To Review E.U. Bank Capital Standards

    The Basel Committee on Banking Supervision is planning to review how the European Union is applying new capital standards for banks.

    • 29 Jul 2013
  • Fleet Street Two CMBS A Notes Repaid

    Goldman Sachs’ Fleet Street Finance Two, a EUR1.192 billion ($1.579 billion) commercial mortgage securitization backed by German shopping malls, has seen its class A notes redeemed in full a year ahead of their final maturity date.

    • 29 Jul 2013
  • Aviva Investors Sells Notes Backed By Infrastructure Loans

    Aviva Investors has issued its first batch of notes backed by a portfolio of infrastructure debt, providing another sign that non-banks are filling the gap left by banks retreating from long duration infrastructure funding.

    • 29 Jul 2013
  • VW privately places lease notes from warehouse

    Volkswagen Leasing has privately placed a €85m tranche of notes from its VCL Master warehousing program.

    • 29 Jul 2013
  • Aviva Investors sells notes backed by infrastructure loans

    Aviva Investors has issued its first batch of notes backed by a portfolio of infrastructure debt, providing another sign that non-banks are filling the gap left by banks retreating from long duration infrastructure funding.

    • 29 Jul 2013
  • VW Privately Places Lease Notes

    Volkswagen Leasing has privately placed a EUR85 million ($112.97 million) tranche of notes from its VCL Master warehousing program.

    • 29 Jul 2013
  • CeramTec achieves last-minute reverse flex before allocation

    CeramTec, the German ceramic manufacturer, reverse-flexed its new transatlantic covenant-lite debt package on Monday (July 29). The leads also changed the term loan ‘B’ structure to feature dollars more heavily than euros.

    • 29 Jul 2013
  • In with the old: High yield investors seek out repeats

    Investors are clamoring for more familiar names and better credit quality within the high yield space as volatile financial markets continue to keep bond buyers on edge about new issuers that require them to comb through the fundamentals.

    • 29 Jul 2013
  • Cogetech revealed as high yield issuer in waiting with €165m bond

    Cogetech was uncovered on Monday as one of the two Italian gaming companies premarketing a debut bond issue in the high yield market. The gambling machines operator is seeking to sell a €165m bond.

    • 29 Jul 2013
  • BCA drives term loan ‘C’ up before allocation

    British Car Auctions, the UK used car retailer owned by private equity firm Clayton Dubilier & Rice, is set to allocate its new loan package early this week. The deal, syndication of which closed oversubscribed last Thursday, has been rejigged slightly to reflect investor demand in the term loan ‘C’ tranche.

    • 29 Jul 2013
  • Cabot looks for £100m high yield bond in 8.5% area

    Consumer debt purchaser Cabot is hoping to sell its second high yield bond. The £100m seven year transaction is guided in the 8.5% yield area and is expected to be priced later today.

    • 29 Jul 2013
  • Manutencoop drops floater, sells only €425m of fixed rate bonds

    Italian facilities management business Manutencoop priced its high yield bond on Friday, but dropped a planned FRN and sold the whole deal fixed rate. The issue was reduced from €450m to €425m.

    • 29 Jul 2013
  • AsiaInfo $330m LBO wrapping up

    Around 14 banks have joined AsiaInfo Linkage’s $330m leveraged buyout loan as bankers on the deal wrap up syndication.

    • 29 Jul 2013
  • Potential Sale Seen For Situs

    Commercial real estate advisory and commercial mortgage-backed securities loan underwriting firm Situs may soon be on the block as owner Ranieri Partners has been seen exploring a sale of the Houston-based company.

    • 26 Jul 2013
  • Potential Sale Seen For Situs

    Commercial real estate advisory and commercial mortgage-backed securities loan underwriting firm Situs may soon be on the block as owner Ranieri Partners has been seen exploring a sale of the Houston-based company.

    • 26 Jul 2013
  • One Year Ago

    The tightening spread in U.K. RMBS continued as the Co-Operative Bank priced the senior tranche in its Silk Road Finance Three securitization at three-month LIBOR plus 135 bps—the tightest level seen since the start of the year in U.K. RMBS.

    • 26 Jul 2013
  • RMBS Secondary Supply Surges

    A surge in supply of residential mortgage-backed securities on the secondary market, primarily from Fannie Mae and Freddie Mac, met with solid demand last week.

    • 26 Jul 2013
  • Bank of Queensland Ratchets up REDS RMBS Deal Size

    Bank of Queensland prioritized deal size for its first REDS RMBS deal of the year, increasing the volume of placed notes by AUD 350 million ($323.96 million) on Friday.

    • 26 Jul 2013
  • European CMBS Repayments To Remain Low

    Repayments of loans in European commercial mortgage-backed securities fell to 25% in the second quarter and are expected to remain low in the third quarter, according to Moody’s Investors Service.

    • 26 Jul 2013
  • Belgian Law To Mitigate Set-Off Risk For SF, Covered Bonds

    Belgium’s new Mobilization Law is expected to further mitigate the risk of set-off and defense of non-performance in structured finance and covered bonds known as Pandbrieven, according to Fitch Ratings.

    • 26 Jul 2013
  • ECB Urged To Lower Rates, Offer Cheap Loans

    The International Monetary Fund says the European Central Bank should enter a new round of monetary easing by lowering its rates and offering low-cost loans to help boost economic growth in Europe.

    • 26 Jul 2013
  • BNP Acquires Commerzbank Unit

    BNP Paribas Securities Services has acquired the Depotbank unit of Commerzbank, the German financial institution’s business for domestic UCITS, institutional funds, securities funds and open-ended real estate funds.

    • 26 Jul 2013
  • Spanish, Italian Banks Dominate Self-Retained Covered Bonds

    Spanish and Italian banks dominated the self-retained covered bond market, accounting for roughly 40% of the EUR520 billion ($690.28 billion) total outstanding issued by relevant banks at the end of 2012, according to Fitch Ratings.

    • 26 Jul 2013
  • Bookrunners of European Leveraged Syndicated Loans, 25 July 2013

    Source: Dealogic

    • 26 Jul 2013
  • ASF Fills D.C. Spot With Policy Vet

    The American Securitization Forum has tapped Michael Williams as senior policy advisor in Washington, D.C.

    • 26 Jul 2013
  • Bookrunners of West European HY corporate bonds, 24 July 2013

    Source: Dealogic

    • 26 Jul 2013
  • Bank of Queensland ratchets up REDS RMBS deal size

    Bank of Queensland prioritised deal size for its first REDS RMBS deal of the year, increasing the volume of placed notes by A$350m on Friday.

    • 26 Jul 2013
  • GSO gauges interest for second euro CLO

    Deutsche Bank is arranging GSO Capital Partners’ second European collateralized loan obligation of the year, a deal which will likely be placed following the August holiday period.

    • 26 Jul 2013
  • GSO Gauges Interest For Second Euro CLO

    Deutsche Bank is arranging GSO Capital Partners’ second European collateralized loan obligation of the year, which will likely be placed following the August holiday.

    • 26 Jul 2013
  • Bank of Queensland brings first REDS Aussie RMBS of the year

    Bank of Queensland is set to price its first Australian RMBS of the year on Friday. The A$500m deal adds to the A$10bn of RMBS issuance from Australia in the first half of the year.

    • 26 Jul 2013
  • EIB cracks project bond conundrum with Castor deal

    Hopes that a project bond market can flourish in Europe to finance the continent’s enormous infrastructure needs advanced this week as the European Investment Bank’s much-heralded Project Bond Initiative swung into action.

    • 26 Jul 2013
  • Monoline returns as Assured wraps UK student housing bond

    Holyrood Student Accommodation, a project company building student housing for the University of Edinburgh, raised £62m on Wednesday with a long term bond guaranteed by Assured Guaranty Europe, the monoline bond insurer.

    • 26 Jul 2013
  • Loan volume to shoot up, but lev loans will have to pay price

    Asian loans bankers are in high spirits, thanks to a combination of a liquid market and a healthy pipeline. But as more companies shun bond issuance to tap the more stable loan market, the rise in dealflow means leveraged borrowers will be at a disadvantage — and should prepare to shell out juicier margins, writes Rashmi Kumar.

    • 25 Jul 2013
  • Quiet Week For Primary Market CMBS

    The conduit commercial mortgage-backed securities market is in the midst of a summer slowdown following an unusually busy week for bond buyers.

    • 25 Jul 2013
  • Greek HY returns for LBO of S&B Minerals

    Greek debt is back in the high yield market, after the recent flurry of peripheral European deal announcements. S&B Industrial Minerals, the Greek miner and ore processor, is looking for €275m of senior secured notes, while five Italian debut issuers were also vying for investors’ attention.

    • 25 Jul 2013
  • Gamenet wins tight price as Italian gambling names line up

    Gamenet, the Italian gambling provider, sold its €200m high yield bond in line with price guidance on Thursday.

    • 25 Jul 2013
  • This weeks Markit data

    CDS: week’s biggest movers — Markit CDX North America investment grade index — Markit iTraxx Europe subordinated financials index — Markit iTraxx Europe senior financials index — Markit iTraxx SovX Western Europe index — Markit iTraxx Europe index — Markit iTraxx crossover index

    • 25 Jul 2013
  • Manutencoop makes it three Italian HYs

    Manutencoop, an Italian facilities management business, wants to sell €450m of high yield bonds in another debut transaction from Italy. It released price guidance for the transaction on Thursday and plans to price the notes today (Friday).

    • 25 Jul 2013