GC Search

Search results for

Tip: Use operators exact match "", AND, OR to customise your search. You can use them separately or you can combine them to find specific content.

There are 371,461 results that match your search.371,461 results

Sort by

CLOs

Fitch stabilizes CLO ratings on new Covid scenario

Fitch Ratings is poised to revise most of its CLO tranches outlooks from negative to stable, following a revision of its CLO coronavirus stress scenario, which is considered no longer representative of the near-term risks for CLOs.

Paola Aurisicchio, January 25, 2021
ABS

New CFPB leader may have ‘deleterious’ impact on ABS market

Rohit Chopra has been named the director of the Consumer Financial Protection Bureau, putting an end to three years of deregulation and kicking off an era of aggressive consumer protection. The ABS market is keeping a close eye on Chopra’s key plans, which include restoring the bureau’s ability to start its own investigations and establishing a new credit reporting agency.

Jennifer Kang, January 25, 2021
GC View

Rising encumbrance is the ECB’s problem

An undercapitalised bank in the crosshairs of a market rout can expect counterparties to demand higher margin calls, particularly when a lot of its assets are already encumbered, as is the case at many European banks. This is a problem of the European Central Bank’s making and one that only it can fix. Making covered bond repo haircuts more severe would be a good place to start.

Bill Thornhill, January 25, 2021
Private debt

Stabilus launches SSD as autos return

German car part maker Stabilus began marketing a Schuldschein on Monday, as many consider whether the automotive sector should be back on investors' buy lists.

Silas Brown, January 25, 2021
Regulation

ECB launches climate centre as central banks ramp up green work

The European Central Bank will use a new climate change centre to improve its work on the topic, while also investing in a new green bond fund set up by the Bank for International Settlements.

Jasper Cox, January 25, 2021
Equity IPOs

AUTO1 sets price range, announces cornerstones

AUTO1, the online marketplace for secondhand cars, has revealed the price range on its Frankfurt IPO. Two cornerstone investors have committed to buy throughout the range.

Sam Kerr, January 25, 2021
Hybrid

EDP and Heimstaden Bostad bring hybrid risk out of the gates

Europe’s corporate bond investors had the chance to pick up some paper from the hairier end of their credit spectrum as this week began, with Portuguese power company Energias de Portugal and Swedish housing firm Heimstaden Bostad out with hybrid capital issues.

Mike Turner, January 25, 2021
High grade and crossover bonds

Investors ditch airline bonds as travel restrictions loom

Airline bonds have sold off in the secondary market as the industry faces another wave of new restrictions to combat Covid-19 variants.

Mike Turner, January 25, 2021
Supras and agencies

ADB and OeKB line up after Dexia lands five year sterling

Dexia Crédit Local raised £750m with a December 2026 bond on Monday, gathering a generously oversubscribed order book and pulling in the spread during execution, promising a strong reception for Asian Development Bank on Tuesday. OeKB will come to market with a dollar five year.

Lewis McLellan, January 25, 2021
Sovereigns

BTPs pressured after Lagarde but borrowers unconcerned

The European Central Bank meeting on January 21 did not strike a pleasing note for investors in eurozone government bonds, and spreads are still wider. But primary market participants seem unconcerned.

Lewis McLellan, January 25, 2021
LevFin Leveraged Loans

Klöckner Pentaplast takes ESG margin route for refi loan

Plastics packaging firm Klöckner Pentaplast has included an ESG margin ratchet in the loan leg of its refinancing, which was announced on Monday, a feature set to become increasingly common in European leveraged credit this year. Unlike previous deals with this structure, KP will take this structure to the dollar market, as well as euros.

Owen Sanderson, January 25, 2021
EM Middle East

Apicorp mandates for dollars despite rates volatility

Arab Petroleum Investment Corp — the multilateral development bank — held investor calls on Monday for a bond offering, nine months after its previous dollar outing. Although emerging market SSA issuance has been dominated by low rated, high yielding credits since the start of the year, investment grade issuers will begin to trickle in, bankers say.

Mariam Meskin, January 25, 2021

...

2375

2376

2377

2378

2379

...

30955