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Asian buyers driving callable SSA market have resurfaced in public benchmark deals
◆ Public sector issuers embrace hedge fund bid... ◆ ... as they flex in the swap market ◆ Car makers welcomed back to bond market
CEB plans to print more structured notes and may launch inaugural Sofr bond in 2026
SSA
New contracts cannot yet be traded in US
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  • Barclays Capital has told employees it is raising base salaries for trading, sales and structuring teams globally in response to similar moves by competitors over recent weeks.
  • Greek asset-backed securities experts have voiced surprise at a potential currency swap scandal that has further embroiled Greece’s government.
  • Werner Langen, member of the European Parliament’s Economic and Monetary Affairs Committee, said in a report released on Friday that corporate users of derivatives should not be adversely affected by over-the-counter derivatives regulation.
  • Credit Suisse is marketing three-year notes for institutional investors who are bearish on the long-term prospects of the U.S. dollar.
  • Paul Kozary, the ex-head of Middle East structured solutions sales at Commerzbank in London, has joined StormHarbour Securities as head of Middle East distribution, a new role.
  • Five-year credit default swaps on Dubai rose to an 11-month high of 650 basis points this morning, according to CMA DataVision, following reports that state-owned conglomerate Dubai World is planning to restructure its USD22 billion debt.