News content
-
The European Securities and Markets Authority approved operational status for 10 central counterparties to operate in third countries as part of the European Market Infrastructure Regulation.
-
Time Warner is the latest of several investment grade US companies to have hired banks for a euro bond recently, despite the high cost of swapping euro bond proceeds into dollars.
-
Low interest rates have helped fuel M&A activity, so it is no surprise that several large transactions have been announced in recent months. But it’s not always the market that determines deals.
-
Spanish hotel chain NH Hotels was set to sell on Thursday €200m of senior secured notes with initial price talk of 4.25%-4.5%, part of an aggressive debt reduction strategy.
-
BNP Paribas made an opportunistic move to price the tightest ever 10 year from a French bank on Tuesday. It was also the first 10 year covered bond issued in more than a month.
-
FIG issuers’ prospects in the dollar markets are looking up, as volatility, widening spreads and an unhelpful basis swap for non-euro funders risk driving borrowers from the euro market.
-
A sell-off in eurozone government debt this week has been exacerbated by a lack of secondary liquidity, bankers said — potentially foreshadowing trickier times to come for SSAs.
-
Bank of Ireland paid a decent 3bp-4bp new issue premium for its seven year covered bond on Tuesday. Despite that, it was the issuer’s least subscribed deal since 2012.
-
Nederlandse Waterschapsbank, which raised $600m at the short end of the dollar curve on Thursday, is considering the currency for its next green effort.
-
Car wheel maker Uniwheels' stock will begin trading on the Warsaw Stock Exchange on May 8, after it successfully allocated its initial public offering on Wednesday.
-
Busy Bee, the UK nursery and early education provider for under-fives, aims to allocate its £210m refinancing loan by Thursday afternoon, with pricing tight but not too aggressive.
-
After Haversham Holdings bought British Car Auctions in April, the result of its merger, BCA Marketplace, has launched a £300m post-IPO refinancing loan.