Derivatives - All Articles

  • Sabey preps data center ABS to fund expansion

    Sabey Data Centers is preparing a data center securitization backed by its three million square feet of data center assets, as Fitch slammed the sector pointing to higher leverage than comparable digital real estate assets. Sabey, a privately owned multi-tenant data center company, will continue to tap ABS to fund further expansion of its business, the company said.

    • 21 Jun 2021
  • Rhode Island pension fund backs Sycamore Tree and Neuberger for CLOs

    Rhode Island Employees' Retirement System has allocated $250m to Sycamore Tree and Neuberger Berman to invest in CLO equity and mezzanine tranches, following a new strategy that targets CLOs rather than real estate investment trusts (Reits) and master limited partnership (MLPs).

    • 21 Jun 2021
  • Origin promises instant ISINs with new feature

    Bond market fintech company Origin has teamed up with clearing house operator Clearstream Banking to launch an “instant ISIN” feature to allow the automated allocation of codes to Eurobonds from frequent issuers.

    • 21 Jun 2021
  • Sterling lures ESG issuers as Vattenfall and Assura line up

    Vattenfall, the Swedish energy company, and UK care home operator Assura have mandated for sterling use of proceeds ESG deals, as sustainability bankers say that the sterling market is growing in popularity for issuance.

    • 21 Jun 2021
  • Santander said to be among banks targeting first synthetic STS deals

    European banks are rushing to finalise the first synthetic ABS transaction to achieve a ‘simple, transparent and standardised’ (STS) verification. The debut deal, which marks a turning point for the significant risk transfer market, has already been signed and is set to arrive in the coming months.

    • 21 Jun 2021
  • FOMC creates ‘challenging tone’ in dollar rates market

    The Federal Reserve made a hawkish lurch at its meeting last week and the consequences are still rippling through rates markets with just two SSA borrowers attempting deals in what could prove volatile markets.

    • 21 Jun 2021
  • Gazprom shoots for Swissies

    Gazprom is set to access the Swiss franc market this week to sell its first trade in the currency for over three years.

    • 21 Jun 2021
  • InPost readies bonds for Mondial Relay buy

    Polish consumer collection business InPost launched senior unsecured high yield bonds on Monday, to fund its acquisition of French peer Mondial Relay.

    • 21 Jun 2021
  • Spain readies 10 year amid sparse euro SSA pipeline

    Spain was the only public sector borrower to announce a euro new issue on Monday as it mandated banks for a 10 year syndication.

    • 21 Jun 2021
  • Message in a muddle: covered IPOs struggle to reach pricing

    Several live IPOs in the market are struggling to gather enough momentum to reach pricing despite banks having notified the market that they have enough demand to cover the transaction.

    • 21 Jun 2021
  • HSBC AM adds EM debt portfolio manager

    HSBC Asset Management has hired an emerging markets debt portfolio manager from APG Asset Management.

    • 21 Jun 2021
  • Citi promotes CEEMEA debt bankers

    Citi has promoted a number of its CEEMEA debt financing team, across both bonds and loans.

    • 21 Jun 2021
  • Euro FIG pipeline fills despite softer start

    Senior and covered bond plans were flowing into the deal pipeline on Monday, with issuers keen to buck the softer tone and print before the start of the summer break.

    • 21 Jun 2021
  • Slovenia set to impress with sustainability bond

    The Republic of Slovenia revealed the mandate for its debut sustainability bond on Monday, just months after it impressed market participants with a 60 year bond.

    • 21 Jun 2021
  • Markets debate leverage ratio calculation as ECB extends support

    The European Central Bank will allow banks to exclude central bank exposures from their leverage ratios for longer than originally planned, sparking a debate over whether the relief measure could become a more permanent feature of EU banking policy.

    • 21 Jun 2021
  • Covered bond watchers anticipate spread action as HSBC departs France

    Market participants think spreads on HSBC’s French covered bonds will "meet in the middle" with those of the lower rated My Money Bank, as the former gets ready to sell its operations to the latter.

    • 21 Jun 2021
  • USSIM poaches BlackRock head of European ABS

    The University Superannuation Scheme, one of the UK’s largest pension schemes, has hired BlackRock’s Janet Oram as head of asset-backed securities at its investment management arm.

    • 21 Jun 2021
  • Belarus bonds take another tumble as sanctions loom

    Belarus's sovereign bonds tumbled on Monday morning at the prospect of further EU sanctions.

    • 21 Jun 2021
  • Abu Dhabi’s Yahsat launches IPO

    Yahsat, the satellite company owned by Mubadala, will attempt a listing on the Abu Dhabi Securities Market (ADX). The company is seeking to list at a time when the European IPO market is difficult, but there is hope that strong local interest and emerging market equity investors will see the deal across the line.

    • 21 Jun 2021
  • AAK flavours revolver with sustainability metrics

    AAK, an ingredients company in Sweden, has renewed its €400m revolver, adding sustainability-linked metrics to the deal for the first time.

    • 21 Jun 2021