Europe
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The UK Debt Management Office has hired four banks to run an upcoming syndication of its 2068 inflation linked bond.
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A well known public sector DCM banker is to add another string to his bow, taking on capital financing responsibilities in France, GlobalCapital understands.
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International syndicated lending to Russia this year is running at its lowest volume since 2001, and less than a third of the total lent by this point last year, according to Dealogic.
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In this round-up, Chinese premier Li Keqiang said RMB internationalisation to continue, South Korea's RMB deposits halving in a few months, HKMA revamps its RMB liquidity facility, Singapore Exchange and Moscow Exchange see surging RMB trade volumes, Shanghai Gold Exchange expands its list of assets that can be used as collateral for trading to A-shares and foreign currencies, and Deutsche Bank joins OTC Clear as a clearing member.
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Greece’s part in the eurozone sovereign debt crisis has always been secondary to the potential for disaster in larger countries like Spain. Now the latter country could be just months away from breaking up and a huge debt shock. Why does no one care?
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Pillarstone, a non-performing loan and advisory company owned by KKR, has appointed John Davison, former head of the strategic investment group at RBS, as its new chief executive.
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América Móvil on Thursday issued its second exchangeable bond into stock of Koninklijke KPN in just four months, raising €750m after a €3bn issue in May. But this deal, unlike the earlier, was a mandatorily exchangeable structure.
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A £145m trade on Thursday evening in shares of Aldermore Group, the UK challenger bank, came after the FTSE 250 had fallen 0.8%.
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A pair of oversubscribed deals at the long end of the curve in euros this week has reopened a market that has been moribund for much of the year, as investors come to terms with low yields, writes Tessa Wilkie.
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This week produced an encouraging run of equity block trades, with a sprinkling of modestly sized deals on Tuesday, Wednesday and Thursday.