Pre-migration untagged articles

Six European arbitrage collateralised loan obligations have been priced in the last seven days — four by top tier managers and two from newcomers.

Credit Suisse is marketing a Eu300m leveraged loan CLO for Resource Europe Management, expected to be launched in April.

Royal Bank of Scotland is marketing a Eu500m synthetic CDO of asset backed securities for Morgan Stanley called Colonnade III.

A raft of Turkish lira issuance enlivened the niche currency Eurobond markets this week. Five different issues, worth a total TL275m, were priced, and TD Securities was lead manager to three of them.

After a slow start, the Swiss franc bond market picked up speed towards the middle of this week, and in total Sfr1.05bn of bonds were printed for a variety of new names.

The year 2007 hasn’t been particularly kind to HSBC, and 2006 wasn’t much better. It is sad to see a very good bank lose its way temporarily, but HSBC has the resilience and ability to come bouncing back.

UBS is marketing a constant proportion debt obligation (CPDO) called Tyger that will invest in 50 single name credit default swaps on financial institutions with a minimum rating of A3.

Anglo Irish Bank Corp will launch the first UK covered bond to be backed by commercial mortgages next week, potentially carving out a new asset class within the wider covered bond market.

Deutsche Bank has priced the first rated CDO of Commonwealth of Independent States companies, called Sputnik CDO I.

Dollar swap spreads narrowed in the wake of the FOMC meeting, which carried a more dovish message about the future direction of interest rates than had been anticipated.