Search results for

Société Générale last week sold a GBP24 million stake in Damhead Creek,an 800 MW merchant power plant in Kent, southern England, according to sister publication Power, Finance & Risk.

The outcome of a three-way tussle to acquire a U.K. power plant could hinge on a roughly GBP300 million (USD546 million) interest-rate swap tied to the 800 MW plant's project-level financing.

The price of credit protection on Adecco, a Swiss recruitment firm, leapt to 325 basis points on Monday from 45bps the previous week.

AIG Trading Group is shuffling its remaining foreign exchange options traders between continents.

Derivatives pundits think JPMorgan's move to purchase Bank One will give the bulge bracket a distribution capability that it has thus far lacked.

Derivatives bankers across the board are likely to get bonuses around 30% higher than last year.

Barclays Capital and Société Générale have separately expanded their flow trading desks over the last quarter. Erec Lepine, global head of SG's flow sales team in Paris, said, "Over the last few months we have recruited eight-10 people for our desks in London, Paris and Zurich."

CDC IXIS Capital Markets is gearing up to offer a yen-denominated collateralized fund obligation in Japan in the coming weeks.

The Hospitals of Ontario Pension Plan (HOOPP), which manages some CAD19 billion (USD14.7 billion) in assets, is considering purchasing true sale and synthetic collateralized debt obligations of CDOs for the first time.

Citigroup has hired Collin Crownover from the currency research group at Putnum Investments, as co-head of the foreign exchange advisory group.

Credit houses, including Deutsche Bank, Bear Stearns and JPMorgan, have adapted the re-settable feature of constant-maturity interest rate swaps to create a credit-default swap with a re-settable coupon.

Swaps/Financial Derivatives: Products, Pricing, Applications and Risk Management is an encyclopaedia for the derivatives markets, written by Satyajit Das a consultant and former buy and sellside derivatives practioneer. Question What will the euro/dollar spot rate be on February 16? * (closing date for entries is Feb. 2) Tie Breaker How will you use the book? To enter, send your answers along with name, role and contact details to Jeremy Carter at jcarter@euromoneyplc.com *According to Feb. 17 Financial Times