Europe
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Barclays has made a series of hires in its emerging markets credit business. -
Turkiye Is Bankasi (Isbank) recently signaled its intention to issue, while HSBC Canada has registered a covered bond corporate entity.
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ING Bank has appointed a new head of equity syndicate to replace a veteran managing director moving to a new role within the firm.
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US exchange operator CME’s revised bid for Nex Group, the electronic trading and post-trade platform company, has been recommended unanimously by the boards of both firms. The offer is higher than expected at 1,000p, half in cash and half in shares.
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Public sector borrowers are having to take a more cautious approach to their dollar issuance, as wide swap spreads and a disconnect between secondaries and primary clearing levels require a touch more concession. But while all agree on the treatment, there are differing views on how long the affliction will last, writes Craig McGlashan.
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Volatility from several sources has driven investors into core govvie products, causing curves to rally. Only one issuer was positioned to reap the benefits.
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Russian borrowers seem to have no trouble accessing capital markets, despite sanctions and international condemnation for the Russian government's alleged poisoning of the spy, Sergei Skripal, in the UK. But that shouldn’t surprise anyone. Despite the lip service paid to the idea of responsible investment, most investors are not so choosy.
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The UK’s Green Finance Taskforce has come up with strong recommendations for how the country should green its financial system, including issuing a big sovereign green bond, writes Jon Hay.
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Valiant Bank returned to the market last week to issue its second covered bond transaction which, like its first deal, was denominated in Swiss francs. Being double the size of the first deal, it showed potential demand for more.
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UK casual wear company JD Sports is set to break into the US market with an around $558m acquisition of Finish Line, which will be financed in the loan market.
