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 371,645 results that match your search.371,645 results

Sort by

Covered Bonds

Canadian banks head to euro covered bonds in search of liquidity

Royal Bank of Canada, Bank of Montreal and Toronto Dominion Bank all issued euro covered bonds in good size this week, finding big savings over senior unsecured issuance. One leading investor said bringing these deals in a fragile market was opportunistic and reflected The Bank of Canada's more restrictive provision of emergency liquidity than in Europe.

Bill Thornhill, March 19, 2020
ABS

JP Morgan funds £200m UK bridging finance securitization

J.P Morgan has invested in a private securitization of up to £200m, backed by bridging loans originated by Glenhawk, a UK-based challenger lender.

Tom Brown, March 19, 2020
CLOs

SRT market struggles with marks as SMEs, corps face crisis

The synthetic risk transfer market, where specialist hedge funds write protection on up to €100bn of notional risk per year from banks, is grappling with the impact of the coronavirus on SME and corporate credit. The illiquid bilateral transactions barely trade, but have increasingly been financed through the repo market, giving banks and funds a challenge as they fight over where the positions should be marked.

Owen Sanderson, March 19, 2020
People News

People moves in brief

Deloitte hires ex-Morgan Stanley banker — Roland swaps roles at LBBW

Bill Thornhill, March 19, 2020
ABBs-Block Trades

Rights issues run aground as vol crushes ECM

Equity bankers are working with corporates on potential rights issues to shore-up balance sheets given the huge economic disruption caused by the coronavirus in Europe. But with volatility sky-high, even optimistic bankers are wary of bringing deals to market, while other ECM deals like block trades, convertibles and IPOs are no-go areas for the foreseeable future.

Sam Kerr, March 19, 2020
Private Equity

Financing firm for KKR’s Viridor buy despite market chaos

Banks financing KKR’s £4.2bn purchase of waste management firm Viridor from Pennon were able to demonstrate certainty and deliverability of the financing for the deal to the Pennon board, despite chaotic markets which have seen rapid plunges in the prices of leveraged loans and high yield bonds.

Owen Sanderson, March 19, 2020
Investment Grade Loans

Market tries to decipher where next RCF drawdowns will be

Companies drawing down on revolving credit facilities to make sure they have enough cash to ride out the coronavirus crisis has become a major theme in corporate finance in the past fortnight, and bankers expect it to continue. But working out which companies will do this is not easy.

Jon Hay, March 19, 2020
Southpaw

Debt advisers called up for liquidity battle

Firms across Europe are clamouring for crisis funding but while debt advisory bankers have joined the frontline in finding solutions some admit they may struggle to cope with the sheer scale of the challenge, writes David Rothnie.

David Rothnie, March 19, 2020
Sovereigns

Positive reaction to BofE record low rates QE boost

After an extraordinary Monetary Policy Committee meeting on Thursday, the Bank of England voted to drop the base rate by an additional 15bp to bring it to a new low of 0.1%. Alongside this cut, the central bank has announced it will up its holdings of government and corporate debt by £200bn. Initial signs in the bond makrets were positive.

Frank Jackman, March 19, 2020
Sub-sovereigns

Land NRW offers ‘substantial’ NIP, funding needs to rise

The State of North Rhine Westphalia (Land NRW) had to pay a large new issue premium on Thursday as it brought the first SSA deal of a volatile week.

Burhan Khadbai, March 19, 2020
Equity People and Markets

Paris bankers adjust to life on the home front

Bankers in Paris are adjusting to a new life of lockdown following president Emmanuel Macron’s declaration of war against Covid-19 on Monday, which has led to the toughest restrictions being imposed on daily life in France since the Second World War.

Aidan Gregory, March 19, 2020
Covered Bonds

AXA pays up despite huge ECB backstop

AXA Bank successfully issued the first covered bond eligible for the European Central Bank’s newly established €750m Pandemic Emergency Purchase Programme (PEPP) on Thursday. But, despite the ECB’s much increased firepower, the bonds still offered a pick up of around 30bp and the funding would barely been possible without the central bank's support.

Bill Thornhill, March 19, 2020

...

3054

3055

3056

3057

3058

...

30970