Search results for

The saga of Boxclever - the UK consumer goods rental company at the centre of German financial regulator BaFin's investigation into WestLB's principal finance group - entered a new stage this week as the bank put Endeva, the company that houses the group's servicer, into administrative receivership under PricewaterhouseCoopers.

ASR Bank stole to the head of the queue of Dutch RMBS issuers this week and achieved tight pricing with a Eu1.5bn issue from its Delphinus programme, via lead managers Fortis Bank and Merrill Lynch.

Two more securitisations of loans to Spanish PYMEs (small and medium sized enterprises) were launched this week, following Bankinter's Eu250m deal of two weeks ago.

JP Morgan last Friday launched the first CDO of leveraged loans for the Bank of Ireland.

The bank debt for the bankrupt Outsourcing Solutions is beginning to regain ground in the secondary market. Market players said the name traded as high as 56-57 this week after being quoted by LoanX in the mid 40s last week. It could not be determined if any trades were completed at last week's levels. The company is said to be winding up bankruptcy proceedings with a confirmation hearing set for Sept. 30. About 80% of the bank group is committed to the reorganization plan at this point, noted one trader. Calls to Gary Weller, corporate executive v.p. and cfo of Outsourcing Solutions, were not returned.

BondWeek is the leading news publication for fixed-income professionals, covering new deals, structures, asset-backed securities, industry and market activity.

BondWeek is the leading news publication for fixed-income professionals, covering new deals, structures, asset-backed securities, industry and market activity.

BondWeek is the leading news publication for fixed-income professionals, covering new deals, structures, asset-backed securities, industry and market activity.

BondWeek is the leading news publication for fixed-income professionals, covering new deals, structures, asset-backed securities, industry and market activity.

BondWeek is the leading news publication for fixed-income professionals, covering new deals, structures, asset-backed securities, industry and market activity.

To aid market participants in the adoption of the 2002 International Swaps and Derivatives Association equity derivatives definitions as the standard for documenting equity derivative transactions, ISDA recently published a User's Guide.

AXA Investment Managers is considering offering U.K. retail investors one of the first structured notes referenced to synthetic collateralized debt obligations by the middle of next year. Vincent de Martel, director in structured products and alternative investment management in London, said, "The biggest challenge is educating the retail client base about this asset class."