News content
-
The Belgian city of Mechelen returned to the capital markets with a pair of private medium term notes, amid a flow of investor-driven MTNs from Belgian sub-sovereigns. And there is more to come, as issuers look to lock in cheap funding.
-
Berenberg has hired Chris Bowman, formerly of Liberum Capital and Canaccord Genuity, to head its UK equity capital markets and corporate broking division.
-
Emirates National Oil Co finally closed a $1.5bn-equivalent loan on Wednesday, having discussed it since the start of the year.
-
Playing it cool is tantamount to being cool, everyone knows that. But that doesn't swim when loan bankers try to insist it's no big deal that the loan market has seen hardly any big M&A this year.
-
LatAm bond market participants said high yield new issue volumes would remain depressed in the region unless Mexico takes up the slack from Brazil’s shaken sub-investment grade sector.
-
The Middle East remains the mainstay of the CEEMEA bond market, with borrowers continuing to put plans in place. National Bank of Oman has picked banks for its first ever additional tier one deal, becoming the latest in a long line of Middle East credits to mandate for dollar perpetuals.
-
European money market funds are buying more Chinese bank debt as low yields and falling short-end issuance from European banks leads them to look elsewhere.
-
The Province of Manitoba has made its first foray into euros after spotting an arbitrage opportunity to swap back to Canadian dollars.
-
Flow Traders Coöperatief, a Dutch financial trading company specialising in exchange-traded products such as ETFs, has announced its intention to float in Amsterdam.
-
In the corporate market investors aren’t buying and issuers aren’t mandating. But borrowers are still keen to roadshow. That is giving false hope to bond syndicates, and the costs could outweigh the benefits.
-
Archer Daniels Midland, the US food processing and commodities trading company, ended a fallow patch in the corporate bond market on Wednesday, making its debut in the euro market with a dual tranche deal.
-
In a week barren of equity block trades in London, the only action came from South Africa, where Investec Bank conducted an accelerated bookbuild from its Johannesburg desk on Wednesday night (June 17), to finance an acquisition for Investec Property Fund.