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 371,608 results that match your search.371,608 results

Sort by

LevFin High Yield Bonds

Virgin Media brings fourth piece of financing flurry

Virgin Media announced its fourth high yield deal this month on Wednesday, tapping last week’s sterling vendor finance notes and adding a dollar tranche as well, with Deutsche Bank and Credit Suisse back in the driving seat.

Owen Sanderson, June 10, 2020
Equity-Linked

RAG Stiftung sells new Evonik exchangeable bond

RAG Stiftung, the foundation set up by the German government to finance the discontinuation of coal mining in the Ruhr region, has issued a new €500m bond exchangeable into shares in speciality chemicals producer Evonik Industries, reopening the equity-linked bond new issue market in Europe after a lull since the end of May.

Aidan Gregory, June 10, 2020
ABBs-Block Trades

UK capital raises continue with Segro and Lancashire

Tuesday proved to be another good night for UK primary equity capital raisings as Segro, the warehouse company, and insurance group Lancashire issued new shares.

Sam Kerr, June 10, 2020
ABS

ECB-eligible paper left behind in ABS rally

The European securitization secondary market has rallied, with primary issuance in CLOs and ABS helping to tighten spread levels. But traders are ignoring deals which may be supported by the European Central Bank (ECB), citing a lack of certainty over whether the ECB will buy.

Tom Brown, June 10, 2020
Investment Grade Loans

Tom Tailor opco wins bailout but holdco dragged into insolvency by Bonita struggle

Tom Tailor, the German fashion brand, has signed a €100m loan guaranteed by the federal and regional governments. It has also extended its existing bank line, although the company says it will not be enough to stave off insolvency at holding company level.

Mike Turner, June 10, 2020
ABBs-Block Trades

Ferrovial offloads Budimex shares

Spain’s Ferrovial has sold a Z255m ($65m) chunk of its majority stake in Budimex, the Polish infrastructure construction company, via an accelerated bookbuild.

Aidan Gregory, June 10, 2020
Covered Bonds

PBB announces Pfandbrief tender

Deutsche Pfandbriefbank (PBB) has announced a tender offer for up to €250m covered bonds. Like Berlin Hyp, it has ensured that the affected deal will remain at benchmark size, but, in contrast to its peer, it is not planning a replacement issue.

Bill Thornhill, June 10, 2020
SSA

Dovish Fed expected but additional easing poses no worries for SSA market

In spite of the impressive performance of risky assets and the strong jobs data, the US Federal Open Markets Committee is expected to present a gloomy picture at its meeting on Wednesday. But any additional dovish measures will do little to dent appetite for SSA paper.

Lewis McLellan, June 10, 2020
Regulatory Capital

Nationwide looks to boost lev ratio with AT1 issue

Nationwide Building Society was able to tighten pricing by 50bp on the sale of an additional tier one bond on Wednesday, landing at a 5.75% coupon. The new issue will increase the bank’s leverage ratio, which went down last year amid a net redemption of tier one debt.

David Freitas, June 10, 2020
Regulatory Capital

MEPs agree on new tweaks to CRR ‘quick fix’

Members of the European Parliament have agreed on a series of temporary changes to the EU’s bank capital framework, including the introduction of a prudential filter for sovereign bond exposures. They stopped short of adopting amendments that would restrict the payment of additional tier one (AT1) coupons.

Tyler Davies, June 10, 2020
Senior Debt

BPER tests demand for second tier Italian bank debt

BPER Banca opened books for its inaugural sale of senior debt on Wednesday, giving investors their first chance to buy into a new issue from a second tier Italian bank during the Covid-19 pandemic.

Tyler Davies, June 10, 2020
Covered Bonds

ECBC introduces coronavirus reporting

The European Covered Bond Council has updated its harmonised transparency template to include a new tab that tracks mortgage loans that have been granted a payment holiday due to the impact of Covid-19. Credit rating agency analysts welcomed the move, but said there is still a question over how loans will perform after payment holidays end.

Bill Thornhill, June 10, 2020

...

2872

2873

2874

2875

2876

...

30967