Pre-migration untagged articles

BSN Capital signed its third repo arbitrage conduit, Halkin Finance, this week. The combined programme limit for both European and US arms, Halkin Finance Plc and Halkin Finance LLC, is $20bn.

Portuguese covered bonds could finally emerge this year after the government approved the draft legislation that had been kept in limbo by political developments.

Caja Madrid will launch the first 30 year jumbo covered bond in the coming weeks, during which cédulas issuance from issuers old and new will dominate supply.

Colombia and Venezuela this week joined the debt liability management craze sweeping Latin America, with a tender launched for up to $4bn of short dated global bonds by Colombia and a $4.7bn buyback of Bradys and multilateral debt by Venezuela.

The question being asked everywhere was: "Why did they bother to make a silly bid in the first place?"

The International Swaps and Derivatives Association's well tried and trusted protocol for dealing with the settlement of CDS contracts in the event of a default could soon be put into effect again. And, for the third time, a car parts firm is responsible.

The European Central Bank's interest rate rise of 25bp yesterday (Thursday), which had been widely expected, set the course for the EuroCP market all week.

J Sainsbury has almost halved its default price since it said it would unveil several CMBS financings. It was trading at 28bp/31bp at the close yesterday (Thursday), compared with 50bp/53bp in the middle of last week before its plans were announced.

League table one saw Citigroup break through to take the top slot for the first time this year.