News content
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Rabobank tapped the Kangaroo market for A$700m ($542m) of Basel III compliant tier two funding on Thursday, at levels in line with its euro curve.
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Financial institutions will be forced to pay sky high premiums to print tier two before the summer, as they balance regulatory demands for more loss absorbing capital against an unfriendly primary market, writes Tom Porter.
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The US activist hedge fund run by Bill Ackman has inked its debut dollar bond, eight months after completing its initial public offering.
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Orion Engineered Carbons, the German carbon black producer, is seeking a margin cut on a leveraged loan, just as the market's repricing wave appears to be ending.
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Moody’s has implemented its new rating methodology and upgraded a broad range of covered bonds, some of which get better regulatory treatment.
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Ufinet, the telecoms unit of Gas Natural Fenosa (formerly called GNF Telecom), has pulled a repricing of its €295m leveraged loan, in a sign that the market's repricing wave may be breaking.
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Two equity block trades were launched in Europe on Thursday night, despite the ever-dwindling hopes of resolution to Greece’s debt crisis. Remarkably for such a day of political stress, the Euro Stoxx 50 spent part of the day in the green and ended exactly flat.
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Heinz’s jumbo bond backing its acquisition of US foods group Kraft topped off the dollar market’s best ever quarter and half-year for high-grade corporate issuance.
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Douglas Holding was forced to rejig a €2bn financing for its buyout by CVC late on Thursday, as volatility ripped through leveraged finance markets, write Ross Lancaster and Victor Jimenez.
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The International Finance Corp (IFC) has launched a Turkish lira discount note programme, becoming the first international issuer to print discount notes in the currency.
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Europcar, the French car rental company, is set to price its €800m initial public offering at €12.25 a share, a good result in the face of a market stressed by the Greek debt crisis.
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Capgemini braved difficult market conditions this week to secure a hefty deal with an impressive order book to fund its acquisition of IGATE, though the French consultancy was forced to offer investors a generous premium for the privilege.