News content
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The equity 0% to 10% tranche of iTraxx Crossover this week came under selling pressure amid a gapping out of some of the already weaker credits, with Abengoa leading the rout and now vying with Norske Skog to be the index’s riskiest constituent.
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Covered bond supply picked up sharply in July and the outlook for the remainder of the year now looks distinctly brighter.
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Gazprom Marketing & Trading’s (GM&T) $500m credit facility was launched at $350m and increased to $500m after strong demand from banks, including a number of Asian names.
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Ente Cassa di Risparmio di Firenze, the Florence based banking foundation, sold a chunk of Intesa Sanpaolo shares on Tuesday in a block trade managed by Goldman Sachs.
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Greece’s bond yields dropped on Wednesday morning as the sovereign’s government works to agree a third bail-out package.
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Paragon Group, the UK buy-to-let mortgage financer, is eyeing its third ever sterling denominated retail bond, adding to a recent surge of issuance in the currency.
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Swedish Export Credit Corporation made a rare appearance at the long end of the Australia’s Kangaroo market on Wednesday.
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Belgian and German medical diagnostics provider Amedes bought some investors who had initially declined the €525m loan back into the fold this week as deal supply fell.
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Russian oil company Lukoil is bringing forward another rare Russian loan by syndicating the $500m tranche of a $1bn loan, which is due to close imminently according to bankers.
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CVC Capital Partners’ Cerved Group, an Italian credit information provider, will call €530m of bonds in January 2016, funded by a €660m loan, which will make the firm interest savings.
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RBS chose a dual tranche debut in additional tier one (AT1) on Wednesday, and some bankers think the bank’s improving debt story has helped it pay a smaller pick-up than others for a 10 year call.
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KazMunaiGas Trading — the trading arm of Kazakh oil company KazMunaiGas (KMG) — is in discussions for a syndicated loan for at least $1bn, according to bankers.