JP Morgan
-
Research by JP Morgan, published last week, said that the widespread implementation of a statutory solution to Total Loss Absorbing Capacity (TLAC) requirements would lead to further underperformance in senior spreads, and a fundamental reassessment of the asset class’s risk profile. -
The Reserve Bank of India has proposed a new framework that eases rules for borrowers raising external debt, five months after the government released a report that recommended overhauling and liberalising the existing system.
-
Indonesian oil and gas conglomerate Pertamina has picked three banks for a potential bond and is set to hit the road to meet investors.
-
Royal Bank of Scotland has undertaken a shakeup of senior staff in its credit trading business, in a move that bolsters financials at the expense of corporate credit.
-
Meggitt, the UK engineering company, has increased its acquisition credit facility to $600m to buy the composites division of EDAC, formerly known as Parkway Aerospace and Defense.
-
Arrow Global, the UK distressed debt buyer and manager, on Wednesday issued a €110m tap of its €225m floating rate high yield bond, to support business purchases in the UK and Portugal.
-
Indonesian oil and gas company, Pertamina, has picked three banks for a potential bond and is set to hit the road to meet investors next week.
-
Conditions across both euros and dollars are as healthy for public sector borrowers as they have been for several weeks and, while issuance was low this week, bankers are confident that volumes will grow.
-
-
A German agency is set to bring the second dollar benchmark from an SSA this week — quadrupling the number of such deals in September so far.
-
Agricultural Bank of China (ABC) is planning a roadshow in September for the world’s first offshore renminbi green bond that will be part of a multi-tranche deal. The trade scheduled to price ahead of president Xi’s visit to London in October and is one of a number of upcoming Chinese bonds aimed at the UK.
-
Proximus, the new name for Belgian telecoms company Belgacom, issued a €500m no-grow bond on Monday and won high oversubscription.
