Europe
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Norway listed shipping companies Frontline and Nordic American Tankers closed their respective refinancing deals on Thursday. They joined a wave of the region’s borrowers seeking to close deals ahead of the holiday season. -
As the Spanish populace geared up for a general election over the weekend, the Spanish Treasury wound down its 2015 auction programme with a sale at the lower end of its target volume range on Thursday.
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Société Générale has appointed a new global head of infrastructure finance with nine year's experience in infrastructure project financing at the French bank.
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A US public sector borrower will bring a large green bond which will startle the US market, according to one market expert, as green bonds gain further importance after COP 21.
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Industry participants lobbying the Financial Conduct Authority on its plans for implementing the Markets in Financial Instruments Directive II (MiFID II) in the UK are planning on focusing their efforts on the areas of MiFID where the regulator has national discretion.
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Grosvenor Fund Management has completed the refinancing of Grosvenor Liverpool Fund, owner of the 2.4m square feet Liverpool One shopping centre.
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Air Liquide’s relationship group received exclusive access to its $12bn bridge facility on Thursday, as the company resisted approaches by outsiders.
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France is looking to lock in ultra-long dated funding in 2016 with its first syndication above 32 years since 2010.
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Obbligazioni Bancarie Garantite supply of anywhere between €10bn and €15bn is expected by analysts in 2016, meaning Italy will be the fourth largest issuance region for euro covered bonds next year. House prices are bottoming out and positive economic growth is likely for the first time in years. Though non-performing loans are unsettlingly high, they should peak in 2016, suggesting that the overall picture is starting to look encouraging.
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UBS successfully completed a cash tender offer for Sfr6.1bn ($6.12bn) of its securities on Thursday, including one covered bond, as the group looks to further strengthen its capital base.
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More cross-border RMB activities can be expected as the People’s Bank of China (PBoC) has approved Rmb50bn ($774m) of RQFII quota to Thailand, and agreed with Russia to deepen bilateral financial co-operations, including facilitating the Russian government to issue Panda bond in China.
