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 370,742 results that match your search.370,742 results

Sort by

CLOs

European CLO managers see 2021 primary slump

The first quarter of 2021 is set to be a cautious opening for the European CLO market, with many banks still unwilling to open new warehouses, given the volatility of this year. Sources anticipate just five to six deals landing in the first quarter.

Tom Brown, November 16, 2020
LevFin High Yield Bonds

Boparan next in line for stressed refinancing

Boparan, the UK food production and restaurant business, began marketing a £475m high yield bond on Monday. The deal follows Aston Martin, Lowell and PureGym, three refinancings done in the past month for companies under stress as a result of the coronavirus pandemic.

Silas Brown, November 16, 2020
Covered Bonds

Oma Savings Bank mandates leads for covered bond

Finland’s Oma Saving’s Bank has mandated leads for a covered bond and follows OP Mortgage Bank which last week issued the first Finnish covered bond since January.

Bill Thornhill, November 16, 2020
Africa

Tough times await defaulted Zambia

Zambia has become Africa’s first sovereign to default since the coronavirus started, after it failed to make payments on its Eurobonds. The heavily indebted country now faces a rocky path to debt restructuring, market sources said.

Mariam Meskin, November 16, 2020
ABS

Sunnova, Loanpal light up solar ABS sector

Sunnova is entering the ABS market with a deal backed by residential consumer solar loans, shortly after Loanpal made its return. With yields still at all time lows, solar securitizations have appealed to investors and traders for their high returns, and a transaction structure that looks more like a mortgage product than an esoteric ABS.

Jennifer Kang, November 16, 2020
Covered Bonds

Swiss seek new covered bond regulation

The Swiss Banking Association has asked the country’s financial supervisor to consider setting up a covered bond regulatory framework that would put structured covered bonds on a par with other legally based covered bonds, such as Swiss Pfandbriefe.

Bill Thornhill, November 16, 2020
Regulatory Capital

Lloyds looks to swap legacy debt for new tier two

Lloyds Bank is offering investors the chance to trade in several of its legacy tier one and tier two capital instruments in exchange for a new 15 year tier two note.

Frank Jackman, November 16, 2020
Regulatory Capital

Mediobanca nearly nine times subscribed for rare T2

Mediobanca was swamped with orders for a small tier two on Monday, as investors welcomed a rare opportunity to gain subordinated exposure to the Italian bank. Its deal was further supported by another positive development in the race to roll out a vaccine for Covid-19.

Tyler Davies, November 16, 2020
Regulatory Capital

Erste returns to AT1 as markets bounce

Erste Group Bank launched its second additional tier one (AT1) of the year on Monday, taking advantage of a surge in risk appetite in the run up to the Christmas break.

Frank Jackman, November 16, 2020
Regulatory Capital

Market awaits equity conversion for Piraeus CoCos

Piraeus Bank is expected to have to convert its state-held contingent convertible bonds (CoCos) into equity, which will put the firm under Greek government ownership. The move comes after the Single Supervisory Mechanism this week refused the issuer’s request to settle its bond coupons in cash.

Tyler Davies, November 16, 2020
Regulatory Capital

BBVA bonds soar amid sale of US subsidiary

BBVA said on Monday that it had reached an agreement to sell its US subsidiary to PNC Financial Services. The Spanish bank’s bonds rallied sharply on the news of the deal, which will increase its main capital ratios by as much as 300bp.

Tyler Davies, November 16, 2020
Equity IPOs

Swedish dialysis firm launches IPO

Diaverum, the Swedish operator of kidney dialysis clinics, has launched an IPO on the Nasdaq Stockholm.

Sam Kerr, November 16, 2020

...

2443

2444

2445

2446

2447

...

30895