Europe
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UK regulators may simplify regulations for smaller banks, depending on the outcome of Brexit, and are taking a “close interest” in a US proposal for a 9% leverage ratio. -
The new European Leveraged Finance Alliance investor group is set to become a fixture of the market, participants say, but guesses about its long term impact are disparate.
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Takeaway.com, the Dutch online food ordering company, hit the market on Thursday night with its pre-announced sale of new shares and convertible bonds to fund its €930m acquisition of Delivery Hero’s German operations. Both tranches of the trade attractive significant demand.
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Non-bank lender Kogta Financial and Northern Arc Capital have sold the first Indian dual recourse bond secured on auto loan receivables.
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Dollar SSA issuance picked up in earnest this week after a slower than usual start to the year, with a rich variety of borrowers printing deals, some in record size or with record books. Conditions are such that SSA bankers are confident supply will keep coming and demand stay high for the next few weeks — cheering news for one sovereign issuer looking to make a comeback in the currency.
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Mere mention of the words non-performing and loans together has the power to make markets quake, regardless of whether the details are good, bad or neutral.
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