Derivatives - All Articles

  • Uruguay to return to markets this year

    South American sovereign Uruguay said on Friday that it intends to issue about $1.5bn in international bond markets in 2016 as part of its prefunding policy.

    • 31 Jan 2016
  • CYBG tightens IPO price range ahead of Tuesday float

    Clydesdale and Yorkshire Bank Group, the UK mid-sized bank being spun off by National Australia Bank, has tightened the price range of its London initial public offering to the low end.

    • 29 Jan 2016
  • Ontario uses private market to stay active in euros

    The Province of Ontario has sold privately placed debt in euros for the first time, grabbing duration and attractive pricing with the trade, according to the issuer.

    • 29 Jan 2016
  • Société Générale quits UK sovereign market making

    Société Générale has become the latest big name bank to pull back from a government’s bond business, after it resigned as a Gilt-edged market maker for the UK Debt Management Office on Friday.

    • 29 Jan 2016
  • Kookmin gets solid return result

    Kookmin Bank issued a $500m five year on Thursday, attracting a comfortably oversubscribed and well distributed book for its second legislative deal, which was priced at the same spread as the issuer’s first, despite a challenging market environment.

    • 29 Jan 2016
  • JP Morgan cuts two senior EM traders

    JP Morgan has let go of two EM traders in London. Elie Pano had been with JP Morgan for over seven years. Daniel Steeds, a senior Latin America trader, was also cut from his job.

    • 29 Jan 2016
  • Secondary pricing update: featuring EIB's €5bn three year

    Trading levels given are bid-side spreads versus mid-swaps and/or an underlying benchmark as of Thursday's close. The source for secondary trading levels is Interactive Data.

    • 29 Jan 2016
  • Funding scorecard: French agencies

    This week's funding scorecard looks at the funding progress of French agencies

    • 29 Jan 2016
  • Covered bond harmonisation should be ‘ambitious’ says ECB

    The European Central Bank has said efforts to raise minimum standards in the covered bond market should be ambitious, and it sees considerable benefits in harmonisation. The ECB was responding the European Commission’s proposals for harmonisation of the covered bond market.

    • 29 Jan 2016
  • Deutsche to keep Asian business intact

    Deutsche Bank said on Thursday that it will leave its Asia Pacific business intact, highlighting the region’s strategic importance to German companies and the bank’s solid presence in the region. This, it said, gives it an edge over European and American competitors.

    • 29 Jan 2016
  • Principality draws £475m with Friary

    Principality Building Society priced its Friary No.3 prime UK RMBS deal, landing £475m in what one banker called a ‘tricky’ market. As with sterling covered bonds, the RMBS primary market also seems to be pricing at successively wider levels.

    • 29 Jan 2016
  • CLP mulling green Panda bond, says CFO Geert Peeters

    CLP Holdings, the larger of Hong Kong’s two electricity providers, is considering issuing a green Panda bond to finance its renewable energy projects, according to CFO, Geert Peeters.

    • 29 Jan 2016
  • Morgan Stanley loses investment banking MD

    Nehchal Khanna, a managing director at Morgan Stanley’s investment bank, is leaving the firm.

    • 29 Jan 2016
  • Vanguard surges in RQFII rankings

    The Australian subsidiary of US asset manager Vanguard received an additional Rmb20bn ($3.03bn) quota from the State Administration of Foreign Exchange (Safe) on January 27, making the firm the second largest RMB qualified foreign institutional investor (RQFII) globally.

    • 29 Jan 2016
  • Kookmin replicates $500m covered bond success

    South Korea’s Kookmin Bank issued its second ever covered bond this week, raising $500m from a five year note that was more or less a replica of its debut transaction.

    • 29 Jan 2016
  • SocGen hires ex-Jefferies banker for client coverage

    Société Générale has appointed Ashwan Malhotra as managing director in a bid to strengthen its client coverage in Asia Pacific.

    • 29 Jan 2016
  • Samsung heir offloads $319m SDS stake

    The heir to Samsung Group has raised W382bn ($318.7m) by selling part of his holding in Samsung SDS, a subsidiary of the South Korean conglomerate.

    • 29 Jan 2016
  • HNA Group taps debut dollar bond for $35m

    HNA Group sealed a quick return to the bond market on Thursday with a $35m tap of its inaugural outing from last November.

    • 29 Jan 2016
  • RMB round-up: January 29, 2016

    In this round-up, Chinese premier Li discussed RMB foreign exchange volatility with IMF's Lagarde, the Asian Infrastructure Investment Bank formally launched, a new A-shares exchange traded fund launched in Hong Kong, while a survey found Hong Kong retail investors fear RMB volatility most for 2016, and Tajikistan activated its currency swap line with China. Plus, a recap of GlobalRMB's top stories this week.

    • 29 Jan 2016
  • The lowdown: China investment quotas

    Do you know your RQFII from your RQDII? Worried you should have got a QDII2 instead of a QDLP? The alphabet soup of Chinese investment schemes can be hard to digest but thankfully GlobalRMB is here to provide a quick breakdown.

    • 29 Jan 2016