Pre-migration untagged articles

Labco, the French laboratories company, announced a €100m tap of its 2018 notes on Tuesday. The add-on to the 8.5% senior secured notes may be priced tomorrow (Wednesday).

The European Financial Stability Facility demonstrated the extent of what is a veritable ocean of liquidity in the euro SSA market on Tuesday by rounding up an enormous order book for its second benchmark deal of the month. The deal ensured that its industrial-scale funding task this year is off to a flying start.

The Kingdom of Sweden — freshly lumbered with an unexpected increase in its funding target — appears to be marching towards its new total with ease and through a healthy mix of instruments.

With its investment bank sinking into a quarterly loss for the first time since the last quarter of 2008 the last three months of 2012 were not a pleasant time for Deutsche Bank. The German bank’s numbers, announced on Thursday, were dragged down by impairments as well as a compensation bill that increased despite the front office workforce falling by 1,000.

US and European ABS industry bodies have urged the Financial Stability Board to remove most securitisations, including ABCP conduits, from forthcoming shadow banking regulation.

Dar Al Istithmar — the Shariah advisory firm at the heart of the Goldman Sachs sukuk controversy that saw the bank cancel plans for a $2bn deal — has closed down. The company failed to recover from a rift between staff and shareholders last year that resulted in the senior management and much of its personnel leaving to join another firm, Khalij Islamic.

Investment banking boutique Exotix has agreed a strategic partnership with TLG Capital, a private equity investor in sub-Saharan Africa and frontier markets. Exotix will provide strategic advice and capital raising support to TLG. The partnership also allows Exotix to introduce its clients to sub-Saharan opportunities in sectors such as healthcare, water, agriculture and food. Exotix said its management will personally invest in the platform. TLG Capital brings together regional and sector specific funds under a single platform. It focuses on secondary private equity opportunities. The TLG Fixed Income fund invests in a variety of credit classes include sovereign debt, corporate bonds and fixed income instruments. Exotix is headquartered in London. TLG is based in London and Kuwait.

Asset manager PineBridge Investments opened its Middle East and north Africa (MENA) headquarters in Manama, Bahrain on Sunday. The office will be headed by Talal Al Zain, Middle East chief executive.