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

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.