.png){kind=logo}
GC Asia
The Weekly
Public Sector
News
Covered Bonds
Financial Institutions
News
- Citi, Westpac go short as long-end wanes
- KBC and BNP Cardif succeed despite shaky market for subordinated debt
- Iccrea and Santander shoot for aggressive pricing in euros
- Crédit Agricole goes large with four tranche samurai
- Seven year itch draws Deutsche bank to krona
- Deutsche hits AT1 target, but sub mart struggles on supply bulge
Securitization
Asset Backed Securities
News
Residential MBS
Structured Credit
Derivatives
- Investors eye TRS on new Markit CoCo index
- Weekly CDS notional, interest rates trading both decline
- European exporters replace €/RMB options with forwards
- Shanghai-HK Stock Connect spurs arbitrage strategies
- Investor taps sizeable AT&T put spread
- NDF clearing could finally herald cross-border cooperation
- Funds tap decompression on iTraxx Main and Cross
- Agency execution needed for package trades
- Funds, real money extend Main volatility positions
- Hedge funds scoop euro/dollar puts with RKO
- A single name splash as Abengoa spreads oscillate wildly
- Fed oversharing could lead to swinging equity volatility
- Investors scoop dollar/yen calls as pair rises
Corporate Bonds
News
- Northampton first uni to use UK wrap
- Rare AstraZeneca 7 year 4x oversubscribed
- Aryzta tests market for unrated hybrids
- Mercialys does €550m with small NIP, starts buyback
- Health Care Reit’s 20y revives long sterling
- Reimann family holdco JAB makes €750m bond debut with Baa1 rating
- Thermo gets €640m with debut euro bond
- Corporates dash for dollars ahead of Alibaba and predicted M&A deluge
- BSkyB raises €850m, £750m for acquisitions in solid but cool sale
- AT&T follows IBM into hot euro market with €3.8bn whopper
- Korea Expressway prices tight for Swiss debut
High yield
MTNS and CP
Syndicated loans and leveraged finance
Investment grade or Non-leveraged loans
- FCC close to haircut deal with banks after Soros investment
- Investment grade loans, news in brief - November 20, 2014
- Publicis picks just 10 of its relationship banks for $3.5bn M&A loan
- FCC is ready for restructuring after capital increase gets the go ahead
- Loan banks fear clampdown on communication after FX scandal
Leveraged finance loans
Emerging Markets
News
- Israel Chemicals debut awaits market reaction
- Sovereign support lifts Flydubai sukuk debut
- Turkey places 10 year sukuk within a whisper of conventional curve
- Sukuk helps take Mumtalakat flat to govvies
- mBank pays 10bp-15bp NIP to extend to seven years
- Mexico hails game changing CACs but no price paid
- Plenty of pulled deals but the CEEMEA market is working fine
- Brazil faces barren period as Petrobras scandal hits bonds
- Non-Brazil trio fetch blow outs in resilient LatAm
Equity
- Dubai Parks’ institutional slice oversubscribed early
- Rai Way IPO comes at bottom of range, trades well
- Kegoc announces big drop in profit during IPO roadshow
- Informa forced to shrink equity raising for US acquisition
- Varde sells out of Crest Nicholson at tight discount
- Altice block trade increased to €338m as investors pile in
- Big Yellow raises £79m with no discount
- Enel expands base offer in Endesa stake sale
- Huge take-up for Numericable’s €4.7bn issue
- BBVA raises €2bn in accelerated trade to up Garanti stake to 40%
