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Rabobank’s chief financial officer — the most powerful executive at the bank, according to one insider — is to step down early, at the end of 2015, after the bank decided he could no longer be chief risk officer, writes Jon Hay.
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Egypt is planning a Eurobond as part of a push to attract foreign investment to the country. The deal is expected to open up the market for corporate and financial borrowers. -
Sharjah Islamic Bank (SIB) on Tuesday offered sukuk buyers their first chance to buy fresh senior unsecured financial supply this year.
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Mandated lead arrangers and bookrunners Crédit Agricole, Natixis and Société Générale have begun placing a €400m loan to support a Chinese conglomerate's buyout of Club Méditerranée.
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The return of two of the Australian major banks to securitization this week helped put over A$4bn equivalent of new RMBS and auto ABS bonds on the market.
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Swaps regulation needs to be overhauled in the US in order to stop trading flow moving away from trading centres in New York and elsewhere in the US to overseas markets, according to Christopher Giancarlo, Commissioner at the Commodity Futures Trading Commission. GlobalCapital was granted an exclusive interview with Commissioner Giancarlo, to discuss how these flows can be reversed via regulatory harmonisation and global co-operation.
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Publicis, the French advertising firm, has confirmed its completion of a $1.6bn five year loan that partially funds its acquisition of American Sapient Corp.
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Banco Sabadell may issue up to €2.4bn of new capital if it bids for TSB, the UK bank. But the amount may be as little as €1bn, as TSB has spare capital.
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Glencore, the Anglo-Swiss mining and commodities trading company, priced a €1.25bn six year and a €750m 10 year bond on Monday.
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Finland's Neste Oil has issued a €500m seven year bond after increasing the size in response to investor demand.
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Rabobank hit the sterling market on Wednesday, selling the first new issue in the currency of the month and extending the maturity beyond the five year point favoured by issuers in 2015.
