Pre-migration untagged articles

Syndicated loan bankers are licking their lips at the prospect of a wave of Irish corporates seeking refinancings away from their struggling domestic banks in the wake of the country’s debt crisis.

European peripheral sovereign debt markets reacted positively to news of Ireland’s bailout by the European Union with tighter spreads on Monday morning.

MTS, the eurozone government bond trading platform, is pushing into the corporate bond market. It is planning a pan-European euro-denominated corporate bond platform which could be launched in the first quarter of 2011.

Table commentary

Transport for London sold its first commercial paper issue on Monday, with a £150m print of three month paper. The issue represents a change of funding strategy for the transport agency, which plans to become a more regular issuer in the capital markets.

The Bank of England has given 12 months’ notice that it is cancelling the commercial paper operation of its asset purchase facility, indicating that the CP markets have returned to health for large UK corporate borrowers.

Canada Mortgage Bonds, the funding vehicle of the Canada Mortgage and Housing Corp, successfully launched a C$4.15bn deal on Wednesday, consisting of a C$2.15bn 10 year benchmark issue re-opening as well as a new C$2bn five year floating rate note.