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NGOs cheer as EIB finds carbon compromise
In a marathon board meeting that lasted into the evening on Thursday, EU member states have approved a new Energy Lending Policy for the European Investment Bank, ending a dispute over how fast it can cut out fossil fuel financing.
14 Nov 2019 -
Securitization to feed capital-starved oil and gas companies
Securitization is quickly emerging as the most attractive financing option for cash-starved oil and gas companies as other avenues of funding diminish, according to industry sources.
14 Nov 2019 -
UniCredit securitization frees up BTP book trapped in Fineco
UniCredit has structured a a €7.75bn SME securitization called Impresa Two, which will allow the bank to free up a large book of Italian government bonds it had pledged to former brokerage subsidiary FinecoBank.
14 Nov 2019 -
Principal losses loom for risk transfer buyers after accounting wrinkle
European bank supervisors have switched their approach to excess spread in risk transfer securitizations, paving the way for the stream of full stack capital relief deals issued this year by banks including BNP Paribas and Santander. But questions remain about how the deals handle IFRS 9 accounting, with Santander’s approach potentially boosting principal losses for investors. Owen Sanderson reports.
14 Nov 2019 -
Volkswagen prices come-back deal tightly
Volkswagen Finance (China) has returned to the Chinese auto loan ABS market after a two-year break. The company priced the senior tranche of its Rmb5.97bn ($851) deal at the lower end of guidance.
14 Nov 2019 -
Agricole’s Gay raises d’Intignano, Lamarque and Sodhi in reshuffle
Crédit Agricole announced on Thursday a reorganisation of its global markets financing and funding solutions (FFS) division, which includes several senior job changes, including the promotions of Atul Sodhi and Jean-Luc Lamarque, reported by GlobalCapital on Wednesday.
14 Nov 2019 -
Crédit Ag promotes syndicate head
Crédit Agricole has promoted its head of debt syndicate to a larger global role.
13 Nov 2019 -
Tesla charges up for third auto lease securitization
Tesla is returning with its third auto lease securitization, issuing into a market supported by strong auto fundamentals and investor demand for paper sponsored by the electric car maker, deal watchers said.
13 Nov 2019 -
Crédit Agricole chooses new head of global DCM
Crédit Agricole has chosen a new global head of debt capital markets.
13 Nov 2019 -
SAIC-GMAC, Beijing Hyundai wrap up ABS deals
Beijing Hyundai Auto Finance and SAIC-GMAC Automotive Finance priced their Chinese auto loan ABS transactions on Tuesday.
13 Nov 2019
