Pre-migration untagged articles

The UK Supreme Court on Thursday granted an appeal by investors in the Sigma Finance Corp structured investment vehicle for the vehicle’s cash to be equally distributed.

Callable zeros remained popular this week as the European Investment Bank, KfW, the Asian Development Bank, Rentenbank, Komunalbanken, Nordic Investment Bank, Rabobank and the European Bank for Reconstruction and Development all sold notes in this structure.

Broker dealer BTIG has hired four former Merrill Lynch bankers to its New York fixed income sales team.

SNS Bank priced a Eu1bn six year, debut benchmark at 60bp over mid-swaps on Tuesday, a week after its covered bonds were registered with the Dutch central bank and almost two years after the issuer’s programme was established.

Commerzbank on Wednesday won lawsuits brought by 13 Dresdner Kleinwort employees over bonuses.

NEW collateralised loan obligations, extinct in almost all forms in the post-Lehman credit landscape, are set to make a return to Europe with Deutsche Bank this week understood to have proposed a new deal of between Eu200m to Eu300m to potential investors.

Deutsche is creating two new executive committees within global banking to bolster its efforts in these areas, it emerged this week.

Eurohypo priced a Eu1bn long five year mortgage Pfandbrief in the middle of guidance on Monday but only after widening the level it went out with after meeting with resistance when pre-sounding at a tighter level last Friday (October 16).

Trades in niche currencies sold by highly-rated issuers were again popular this week, with new interest emerging in Korean won deals.

Royal Bank of Scotland has hired eight senior analysts to its American credit strategy team as it strengthens the coverage of its credit strategy in the US.