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 370,721 results that match your search.370,721 results

Sort by

Cerberus challenges market to digest flood of mezz

Cerberus Capital Management auctioned off one of the largest ever portfolios of UK mezzanine mortgage bonds on Thursday, following a deterioration in the terms available in the ABS repo market after the Covid crisis made it uneconomic to continue to hold the deeply subordinated and risky positions.

Owen Sanderson, October 22, 2020
Asia

Indian dual recourse flies as covered bond hopes build

Dual recourse structures have become increasingly popular in India after last year’s debut from Kogta Finance. And with the sanctity of bankruptcy remoteness successfully tested in the courts, sentiment towards such structures has improved further. This could help pave the way for a national champion bank to test appetite for Indian covered bonds, which would offer the country's lenders a source of long-term diversified funding that they can't get from deposits.

Bill Thornhill, October 22, 2020
Investment Grade Loans

A2A breaks Italian long maturity yield record

A2A, the Italian multi-utility, pre-funded for 2021 with a €500m trade on Wednesday with what the lead claims is the lowest yield for a deal of its type, as the company prepares to unleash its new business plan that will see it printing more green and sustainability-linked debt.

Mike Turner, October 22, 2020
Sovereigns

Italy takes €90bn book for 30 year

The strong momentum in the euro public sector bond market continued on Thursday with Italy receiving a huge reception for a new 30 year line, which was sold alongside a tender of various outstanding Italian government bonds.

Burhan Khadbai, October 22, 2020
People News

People moves in brief

Makinson Cowell joins Lazard — Vikas Seth moves into vice-chairman role at HSBC — Fernando Vicario picked as CEO of BofA's EU bank

Jasper Cox, October 22, 2020
Private Equity

Permira splashes cash on Lowell rescue ahead of 2021 NPL splurge

Permira opted to rescue its debt purchasing portfolio company Lowell from the restructuring that many thought was imminent, with the largest slug of equity support any sponsor has injected in Europe since the coronavirus pandemic began. Covid-19 has crushed cashflows for some debt purchasers, but next year should be a bumper year for NPL buying — for those firms with cash to do so, writes Owen Sanderson.

Owen Sanderson, October 22, 2020
Southpaw

Meissner takes charge of Credit Suisse’s new ‘A-team’

Christian Meissner has an exciting new position at Credit Suisse. But how far can he improve the Swiss bank’s offering to wealth management clients while also handling its culture, asks David Rothnie.

David Rothnie, October 22, 2020
Investment Grade Loans

Enel doubles down on funding linked to 60% renewable target

Enel has signed a sustainability-linked loan (SLL) days after printing a bond using the structure. The Italian energy company has doubled down on its sustainability plans by pinning both trades to the same goal.

Mike Turner, October 22, 2020
Follow-ons and Rights issues

Unibail cash call threatened as rebel alliance swells stake

Unibail-Rodamco-Westfield’s rights issue is under increased threat from a group of rebel shareholders that disagree with the company’s vision to reset its business. These shareholders have rapidly surpassed the 5% threshold, according to a filing with the with the Autorité des Marches Financiers, after which they have to disclose their holdings.

Sam Kerr, October 22, 2020
CEE

Ulker pulls off ‘cheeky’ five year benchmark

Ülker Bisküvi Sanayi scored an impressive $650m with a five year benchmark on Wednesday, surprising some investors with an unexpected increase to the size.

Lewis McLellan, October 22, 2020
ABS

Window closing for euro ABS primary

Most euro ABS issuers are holding off on new deals until the results of upcoming US presidential election, according to sources, with about only a one month window of opportunity in November between the election and intensifying Brexit headline risk.

Tom Brown, October 22, 2020
Equity IPOs

Soltec Power rides ESG momentum with €150m IPO

Soltec Power Holding, the Spanish maker of solar trackers for renewable energy generation, has narrowed the price range for its IPO on the Spanish Stock Exchange, after the deal was covered shortly after the launch of bookbuilding earlier this week.

Aidan Gregory, October 22, 2020

...

2489

2490

2491

2492

2493

...

30893