News content
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Present market conditions are unusually difficult for corporate borrowers, treasurers said today at the Euromoney/GlobalCapital Corporate Summit in Paris.
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Germany has wiped €6bn from its 2015 funding target, with the reductions to come at the short end of the maturity curve. -
The Chicago Board Options Exchange plans to offer trading of options on three FTSE Russell equity indices.
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Italy’s five and 10 year borrowing costs dropped to their lowest levels since April on Tuesday, as the sovereign hit its maximum volume target of €8bn at a bond auction.
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US automotive components supplier BorgWarner is looking to issue its first notes in euros, and could be followed by others as the European market leaves behind memories of the Greek crisis, say bankers.
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Gazprom has released roadshow dates for a euro bond, but is going ahead with the meetings without Deutsche Bank on the mandate.
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Ukrainian steelmaker Metinvest has been notified that holders of in excess of 50% of the outstanding principal amount across its $85.2m 10.25% 2016s, $289.7m 10.5% 2017s and $750m 8.85% 2018s have formed an ad hoc committee.
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A dollar denominated senior unsecured deal from Santander has become a casualty of investors' growing risk aversion, as higher beta FIG paper suffers in secondary.
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United Arab Bank has completed and signed a $125m three year loan with a syndicate of six banks.
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China Development Bank opened books on September 29 for a dollar-euro combo, taking advantage of a small issuance window before China begins its Golden Week holidays on Thursday.
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Rabobank has said the German response to total loss-absorbing capacity (TLAC) places senior unsecured debt at risk, and advised against its adoption as a Europe wide solution.
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ING is making a return to the Australian RMBS market with its well-established IDOL series, which is expected to free up A$750m ($526m) for the Dutch lender.
