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FIG MTNs and CP

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  • FIG
    US money market funds reduced their holdings of eurozone bank debt in March as investors took stock of an inconclusive general election in Italy and the collapse of Cyprus’s banking system, according to a new report by Fitch.
  • FIG
    Investors that had shunned eurozone periphery Euro-medium term notes during the sovereign debt crisis have been creeping back to Italian and Spanish bank paper by making a series of reverse enquiries about the credits, dealers reported this week.
  • FIG
    Banks sold a flurry of dollar MTNS this week as falling euro rates put off investors in the single currency.
  • FIG
    International Personal Finance hopes to become the latest company to join the UK’s growing retail bond market. It launched a 6.125% seven year issue on Tuesday, hoping to raise around £50m.
  • FIG
    US prime money market funds’ holdings of eurozone bank debt dropped by around $44bn in March — the largest decrease since June — as the fallout from the Republic of Cyprus’s bail-out negotiations left investors across the Atlantic wary, analysts said this week.
  • FIG
    International investors are warming to a structure of private placement sold under French law, bankers said this week, as Caisse Centrale du Crédit Immobilier de France placed a chunky deal using the format. Bons à moyen terme négociables (BMTNs) — or medium-term negotiable bonds — have similar documentation to euro medium term notes.