Pre-migration untagged articles

The Kingdom of Netherlands reported strong demand for its commercial paper this week, as investors looked to buy short dated paper from sovereigns, supranationals and agencies because of the eurozone debt crisis.

Banco Comercial Português and Espírito Santo Financial Group are planning liability management exercises to generate capital after their close calls in today's stress test results

Banco Comercial Português and Espírito Santo Financial Group are planning liability management exercises to generate capital after their close calls in today's stress test results

Corporate financing specialists were having a better morning on Wednesday than for several days. After a horrible start, the Euro Stoxx 50 index ended Tuesday 2% up on its open and nearly as high as Monday’s close. So far on Wednesday morning it has gained 0.48%.

Emerging market bond investors have taken fright at the uncertainty over how the European sovereign debt crisis will be resolved. But the loan market is full of life, with lenders diving back into Dubai.

Public SSA markets are closed for new euro issuance as last week's wave of panic in European sovereigns continued. Italian 10 year bond yields moved above 6% for a short period, but by Wednesday morning they had moved back to 5.25%-5.5% on talk of ECB support and an accelerated austerity package.

Bank financing markets took a hammering this week, with primary ABS becoming the latest casualty of Europe’s sovereign debt crisis. Structured finance had looked like a safe option while borrowers were avoiding covered and senior unsecured funding routes in euros. But that was before Santander Germany postponed its new German auto ABS this week.

Several sovereigns, supranationals and agencies attracted demand for MTNs in non-European currencies this week. The European Bank for Reconstruction and Development and Kommunalbanken raised cash in Turkish lira, while Bank Nederlandse Gemeenten printed in Australian dollars.

The Greater London Authority priced a £600m benchmark at the tight end of guidance on July 1, in the first example of what could become a new asset class.

Dealers of private EMTNs: Non-syndicated deals fir kess that $250m excluding financie repackaged SPVs, self-led deals and issues with a term of less than 365 days