Pre-migration untagged articles

Investors began to show signs of fatigue this week when they were hit with more than $25bn of supply in the high grade market, on top of last week's onslaught.

Financial Security Assurance Holdings Ltd (FSA), the US monoline bond insurer, was forced to delay pricing on its innovative $300m institutional hybrid issue on Thursday, after receiving a second subpoena in as many days about an investigation into the municipal guaranteed investment contract (GICs) business.

Financial Security Assurance Holdings Ltd (FSA), the US monoline bond insurer, was forced to delay pricing on its innovative $300m institutional hybrid issue on Thursday, after receiving a second subpoena in as many days about an investigation into the municipal guaranteed investment contract (GICs) business.

Gazprombank has arranged Russia's first domestic securitisation, raising R3bn ($112m) backed by residential mortgages.

Credit protection against Great Universal Stores widened by almost 10bp to 41bp/43bp this week after the retailer improved the terms of its sterling bonds due 2013.

HBOS Treasury Services last Friday (November 10) confirmed what most covered bond market participants had been expecting since Washington Mutual sold the first US covered bond in September: US investors are ripe for conversion to the product.

Companhia Vale do Rio Doce, the Brazilian iron producer, sold Latin America's biggest ever global bond yesterday (Thursday), when it priced $3.75bn of 10 and 30 year paper.

Ukraine launched its first international bond of the year on Wednesday, a seamless $1bn 10 year issue through Credit Suisse, Deutsche Bank and UBS. It was the largest single tranche deal from the sovereign and the tightest in spread terms.

Spanish low-cost carrier Vueling Airlines will launch a Eu215m IPO on the Spanish exchange in late November, EuroWeek has learnt.

More than $12.5bn of orders poured into Lloyds TSB's $1bn tier one capital deal and Genworth Financial's $600m hybrid and spreads continued to tighten to extraordinarily tight levels this week as news of the hybrid market's performance continues to gain traction.

There was renewed activity across the alternative dollar and local currency sectors this week, with big new issues in the Maple, Swedish krona and Kangaroo markets.

What is going on at 30 Gresham Street, once the home of SG Warburg, when Sir Siegmund and his band of glittering academics were among the banking powers of Europe?