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Royal Vendex, a Dutch non-food retailer, could provide the deal that re-opens the European high-yield floodgates after the August lull as soon as this week, with a 350 million deal lead-managed by Citigroup and ING Bank.
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This chart, provided by Citigroup Global Markets, tracks bid-ask prices for par credit facilities that trade in the secondary market. It also tracks facility amounts, ratings, pricing and maturities.
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Swedish mortgage lenders are readying to enter the covered bond market, with the first issuance out of Sweden expected by the beginning of next year.
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The recent run-up in the price of oil and the Treasury market's counter-intuitive rally marks a full reversal of the traditional relationship between energy prices and bond yields.
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M&G Investment Management is focusing on commercial mortgage-backed securities and whole business deals within the securitization area, according to Robert Marshall, director in fixed interest credit research in London.
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The high-yield bonds of Heckler & Koch, a German handgun and small-arms manufacturer, rose last week after the company announced a five-year, $26 million contract for handguns with the U.S. Department of Homeland Security.
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The Australian Securities & Investments Commission has filed its first ever civil court proceedings alleging insider trading.
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Scottish & Newcastle, an international brewing group in the U.K., has converted a sterling denominated fixed-rate bond into a synthetic floating-rate euro liability.
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Barclays Capital's Mitchell Lim, head of Hong Kong dollar interest rate trading, has joined Singapore's United Overseas Bank, in a senior trading role in Hong Kong for the domestic interest rate derivatives market.
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BNP Paribas has hired Shahzad Malik, v.p. in structured products at JPMorgan in Singapore, in a new role as a senior structurer for Southeast Asia in the Lion City.
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Credit derivatives professionals are seeing initial interest for options and tranches linked to the recently launched credit sub-indexes in Asia and expect the first deals to hit within the coming weeks.