Structured Bonds - All Articles

  • People moves in brief

    HSBC’s Doody moves to New York — LCH hires Créd Ag’s Girolami — Mizuho chooses Slavinskiy for EMEA IB

    • 25 Jul 2019
  • HSBC’s Doody relocates to spearhead US push

    The co-head of HSBC’s global capital markets business is moving to New York as the bank looks to win more market share in US leveraged finance.

    • 25 Jul 2019
  • Years after Libor scandal, experts argue benchmark should stay

    As the market prepares for Libors to end their run as the world’s most prevalent reference rates, there is growing support for the benchmarks to be reprieved.

    • 25 Jul 2019
  • CDS committee asked to rule on Galapagos default

    The EMEA CDS determinations committee will rule on whether German heat exchanger manufacturer Galapagos defaulted on its bonds by missing coupons on June 15. The committee will meet on Friday to decide whether a “failure to pay” event has occurred.

    • 18 Jul 2019
  • Värde’s Carstairs goes upstairs as CEO

    Ilfryn Carstairs, global chief investment officer at alternative investor Värde Partners, will become co-CEO from next year, while keeping his co-CIO title.

    • 18 Jul 2019
  • Debt purchaser preps securitization to fight RWA hike

    Hoist Finance, a Sweden-based debt restructuring firm, has been marketing its debut securitization — an essential move in the firm’s attempt to recover from a regulatory broadside which landed last year.

    • 17 Jul 2019
  • Amundi-EIB fund to seek riskier green bonds

    Amundi and the European Investment Bank are collaborating on a new €1bn fund aimed at bringing the benefits of green bond funding to smaller issuers in the EU and those with weaker credit quality. They will originate deals through a network of banks.

    • 11 Jul 2019
  • NatWest offers online calculator to ease Sonia transition

    NatWest Markets has published a free online calculator market participants can use to work out compounded daily Sonia — the rate that looks set to replace sterling Libor from January 2022.

    • 11 Jul 2019
  • DLT firm starts securitization platform for private debt

    A blockchain and distributed ledger technology (DLT) company is launching a platform to increase access to capital markets funding for small companies and open the private debt market to more investors.

    • 10 Jul 2019
  • Interest rate cut to drive investors to esoteric asset classes

    With the Federal Reserve on Wednesday signalling a July interest rate cut, investors say they are planning to move further afield for opportunities, shifting more heavily into off-the-run assets to hit yield targets.

    • 10 Jul 2019
  • Westfield Stratford City to refinance 2014 CMBS

    A loan on the Westfield Stratford shopping centre in East London, last securitized in a 2014 CMBS, is being refinanced, with BNP Paribas and HSBC announced as arrangers for a new £750m ($940m) dual tranche offering.

    • 10 Jul 2019
  • Middle market debt specialist taps new CIO

    Middle market credit investment manager MidOcean Partners has hired a former Apollo Global Management executive as CIO.

    • 09 Jul 2019
  • UK Green Strategy has everything but a finance plan

    The UK government launched its Green Finance Strategy this week, including a broad range of measures to stimulate awareness of climate change and other environmental problems in financial markets, and ease the flow of capital to green projects. But observers criticised the government for not setting out a plan on how to finance the transition to a zero emissions economy.

    • 04 Jul 2019
  • Galapagos accidentally pays bond coupon as unsecured creditors reject deal

    German heat exchanger firm Galapagos, which is deep in negotiations over a debt restructuring, accidentally paid a coupon to bondholders last month, despite a deal with secured creditors to waive the payment ahead of a bid to tackle its debt load. Meanwhile, unsecured bondholders rejected proposals from the company and its secured creditors, leading to a threat from Galapagos that the bondholders will be wiped out.

    • 03 Jul 2019
  • UK aims to pull away with Green Finance Strategy but is still in the slow lane

    Despite the agony of Brexit, the UK has been making impressive strides in turning away from climate change. The government's new Green Finance Strategy is the latest. It goes in the right direction, but unfortunately is less a leap, more a shuffle.

    • 02 Jul 2019
  • UK’s new Green Finance Institute to ask the hard questions

    The UK’s Green Finance Institute was launched on Tuesday, with the dual aims of finding solutions to sustainable financing problems and making London the leading global centre for green finance.

    • 02 Jul 2019
  • Nomura credit syndicate head departs

    Nomura’s head of EMEA credit debt syndicate has left the bank, as has its EMEA head of credit structuring.

    • 01 Jul 2019