Europe
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In this round-up, Argentina gets clearing bank, Lord Mayor of London pays a visit, CLSA gives its verdict on One Belt, One Road and HKMA chief calms fears over the renminbi. -
ING has hired an experienced salesperson to help coordinate the development of its high yield business in London.
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Buy and sell side credit traders expressed disappointment on Thursday, after the US Federal Reserve elected to keep interest rates on hold.
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Covered bond issuers failed to take heed of poor market conditions and, just like lemmings, followed one another with poorly performing deals this week.
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Municipality Finance is set to hit the road to showcase an upcoming debut in the additional tier one (AT1) market — and at least one other European agency could follow suit.
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Grupo Villar Mir, the family holding company of Juan-Miguel Villar Mir, went head to head with Glencore’s $2.5bn capital raising on Tuesday night, but suffered nothing from the clash, as it sold a 2.36% stake in Abertis Infraestructuras, the toll roads and telecoms infrastructure group.
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Pernod Ricard, the French distiller, priced an opportunistic €500m bond on Monday, paying a hefty 18bp premium in a market at risk of keeling over.
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Greece heads to the polls over the weekend for its second parliamentary election this year, but there is little concern of the plebiscite rocking markets like the earlier vote in January.
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Crédit Agricole braved jittery markets on Wednesday to price its first ever tier two transaction in Swiss francs.
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Intercontinental Exchange has appointed former UK Conservative Party leader William Hague as chairman of ICE Futures Europe, a multi-asset derivatives exchange.
