Pre-migration untagged articles

DnB Nor Boligkreditt debuted in the Swiss franc market on Wednesday, selling a Sfr500m (Eu250m) issue split equally into five and seven year tranches through Credit Suisse.

NINE leading dealers have combined to make a $280m investment in TradeWeb, the electronic trading platform.

The final third quarter figures from Dealogic demonstrated the effect of the credit crunch as structured issuance dropped 26% to $49.3bn from $66.3bn in 3Q 2006, down 40% over the second quarter 2007 volume of $82.0bn.

THE primary bond markets exploded with a fusillade of large calibre new issuance this week, and swap spreads in dollars and euros reeled under the onslaught.

THE Royal Bank of Canada has been roadshowing its inaugural covered bond, the first from Canada, which is expected to be launched next week by Barclays Capital, BNP Paribas, Commerzbank and RBC Capital Markets.

Renaissance Capital, the Russian-based investment bank this week announced the launch of a new index designed to measure the performance of equities listed in sub-Saharan Africa.

A Eu2.95bn two year floating rate note launched off the AyT Cédulas Cajas Global programme yesterday (Thursday) has been retained for liquidity purposes rather than reopened the cédulas market, which has been shut since the credit market turmoil began.

Standard and Poor’s has updated its methodology for CDOs of trust preferred securities, surplus notes and non-perpetual hybrid securities. The changes will have effect on all transactions closing on or after October 15, 2007.

THERE HAS been a huge rally in European default indices this week, which left the new iTraxx Series 8 indices substantially narrower.

Citigroup’s results, as expected, reeked of bad eggs and three week old kedgeree. However, it is difficult to find anyone who is interested in Citigroup these days, except the bookmakers, who only want to know when the CEO, Charles Prince, will finally do the shareholders a favour and throw in the towel.