Pre-migration untagged articles

Around Eu3.5bn of orders within one hour for Landesbank Berlin’s three year jumbo public sector Pfandbrief on Monday morning allowed the bank to achieve pricing at the tight end of its mid-swaps flat to minus 1bp range, making it the first benchmark covered bond to be priced inside Libor this year.

Lampert sells Citi stake

The acquisition of OMX by US exchange Nasdaq moved one step closer this week, after OMX’s shareholder Qatar Holding said it had completely divested its stake.

Quebecor, a Canadian printing firm, will become the ninth company to use the credit event auction process to settle CDS contracts on Tuesday.

Kredittilsynet, the Norwegian financial regulator, this week clamped down on structured product sales in the country, effectively outlawing the practice of selling derivative-based investments on credit to retail customers.

Were you surprised when Luqman Arnold of Olivant pulled himself out of the running for Northern Rock?

CREDIT Suisse was praised by analysts for its transparency on Tuesday, when it reported a profit of Sfr1.329bn for the fourth quarter of 2007 and Sfr8.549bn for the full year.

Credit Suisse priced a Sfr350m ($317m) deal yesterday (Thursday) that proved attractive to investors with a yield of over 4.5%.

Depfa is reacting to volatile market conditions by reducing the minimum size for its euro benchmark covered bonds this year, from Eu2bn to the usual minimum jumbo standard, typically Eu1bn. The bank is also likely to continue its focus on the private placement market for issuance in 2008.