© 2026 GlobalCapital, Derivia Intelligence Limited, company number 15235970, 161 Farringdon Rd, London EC1R 3AL. All rights reserved.

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement | Event Participant Terms & Conditions | Cookies

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 373,011 results that match your search.373,011 results
  • The battle over the structural enhancement of high yield investors in Brake Bros, which is being fought between arrangers CSFB and JP Morgan and the deal's senior lenders, continues. The arrangers have twice tweaked the deal offering lenders higher fees and a 50bp hike in the margin, but have failed to convince the syndicate to agree to changes.
  • Private utilities were the newcomers to the issuer group this week. London Electricity Group and Transco came to market with notes for a total of $60m. London Electric issued a Eu35m trade that matures in March next year and pays a single coupon of 2.6%. The borrower signed its Eu3bn EuroMTN facility in May 2002. The shelf, rated A2 by Moody's, has outstandings of $715m from seven trades.
  • Double-A issuers were again the most active this week, but borrowers elsewhere were also busy. The biggest surge came from unrated borrowers which took more than a 9% share of the market. UK borrowers were active in this category. Rentokil Initial issued a ¥2bn note led by the Royal Bank of Scotland. The trade pays annual interest of 0.4% and matures in March 2005. The issuer's Eu2.5bn EuroMTN facility has outstandings of $950m from five trades and was signed in September 2001 through HSBC.
  • Amount: Eu225m Legal maturity: April 4, 2009
  • Borrowers sought value in the 10 year and over sector this week. The maturity took more than a 30% market share. Compagnie de Financement Foncier was the most prolific issuer in the greater than 10 year term, coming to market with six notes for $665m. Among these was a 10 year Eu150m trade. The FX/inflation-linked hybrid pays annual interest of 5% until March 2005. Thereafter interest is paid at 1.81% over the consumer price index (CPI) according to an undisclosed formula.
  • Guarantor: Canada Mortgage & Housing Corp Rating: Aaa/AAA/AAA
  • Citigroup/SSSB further extended its lead at the top of both tables this week. The US house was active on 26 trades in table one and 34 in table two. Goldman Sachs also put in a strong performance this week, climbing places in both tables. JP Morgan climbed from fourth to third position in table one. Among its notes was a £125m note for Danske Bank. The trade, which came off Danske's $6bn debt instrument programme, pays 4bp over three month Libor. The issue matures in September 2004.
  • It has been a week of extremes for the capital markets. After the record lows in the equity market, the declaration of war encouraged a rally and a more positive tone in the credit market. Although the equity rally began to flag, confidence is returning to the credit markets and bankers are preparing themselves for a crowded pipeline as borrowers line up to take advantage of untapped demand.
  • Compass Granada has mandated a group of 10 banks to arrange its new £1.5bn facility. They are ABN Amro, Bank of America, Barclays, Citigroup/SSSB, Danske, Dresdner Kleinwort Wasserstein, HSBC, JP Morgan, Mizuho and Royal Bank of Scotland.