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Tej Singh leaves firm suddenly
Investor tells GlobalCapital it liked the portfolio’s diversity, data depth and sustainability impact
Bank’s €1bn transaction is most granular so far and found new buyers
Market participants gathering in Stavanger will focus on market growth
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After announcing a spectacular €9.3bn goodwill writedown and €7.2bn loan loss provision, UniCredit is trying to get back on the front foot, with a plan to deploy more capital in central and eastern Europe, while hiving off its non-core portfolio into a standalone business.
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Investors eager for a yield pick-up are hunting deals from African Bank and similar names, according to medium term note bankers. The borrower took advantage of the demand to print its second ever private placement in dollars on Monday. -
A group of British Ukrainians, EuroMaidan London, is holding a protest outside VTB Capital’s offices in the City of London this afternoon. The group plans to hoist up a washing line of dirty Russian roubles and British pounds in front of VTB in protest at the invasion of Crimea and the UK government’s lack of sanctions on Russian oligarchs and financial institutions.
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Standard & Poor’s is anticipating a “steady stream” of CLO portfolio loan defaults through the remainder of this year as pre-crisis vintages exit their reinvestment periods, even as improving economies and investor appetite for corporate debt boosts credit quality.
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European member states will keep the right to object to spending the Single Resolution Fund, the pan-European fund to work out failing banks, according to a remarks made by Jeroen Dijsselbloem, chair of the Eurogroup, at a press conference after a meeting of the European Council on Monday.
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The central bank of Malaysia is in talks with lenders operating in the country about putting into effect new rules to limit banks’ exposure to domestic borrowers. If implemented, the changes are likely to push Malaysian companies offshore — and boost their presence in the US dollar loan syndication market, say bankers.
