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Structured Bonds

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  • When a crisis looks like it is approaching its peak, a bit of solidarity never goes amiss. The sight this week of François Hollande standing alongside Mario Monti in a joint call for growth-promoting policies to balance the austerity drive might have well have rankled in Berlin, particularly as common eurozone bonds were also on their agenda.
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  • FIG
    Bank of Ireland has agreed the sale of a portfolio of UK infrastructure project finance loans of around €200m to one of Aviva’s investment vehicles. The transaction will take the bank within touching distance of its €10bn divestment target.
  • FIG
    A bit of movement on the syndicate front is always great news — and isn’t it amazing that these hires often take place in June so that movers can enjoy three months of summer?
  • The debt management arm of private equity firm 3i has increased its assets under management by 50% through the acquisition of seven European CLOs from investment manager Invesco, as the consolidation of CLO managers continues.
  • FIG
    FGA Capital was ready to price a securitisation of Italian car loans on Friday at a spread comfortably tighter than Italian sovereign debt.