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 370,628 results that match your search.370,628 results

Sort by

FIG

Banks busy in Kangaroos

Banks are bounding back into the Kangaroo market. On Wednesday, BNP Paribas jumped in to sell the first syndicated Australian dollar senior non-preferred deal since the start of the Covid-19 crisis, later that day the Bank of Nova Scotia announced plans to join the fray with a mandate for a three year bail-inable deal.

Frank Jackman, May 27, 2020
SSA

BNG impresses with 10 year dollars

Bank Nederlandse Gemeenten scored a 10 year dollar benchmark bond on Wednesday — its first at the tenor for four years. A fellow European issuer hit the short end of the dollar curve.

Lewis McLellan, May 27, 2020
High grade and crossover bonds

Siemens stays fixed for two years as floating rate notes still out of favour

Siemens, the German machinery maker, found plenty of demand for a multi-tranche bond issue on Wednesday, though the inclusion of a two year fixed portion strongly suggests that floating rate notes have become unpopular among corporate issuers.

Mike Turner, May 27, 2020
SSA

France breaks book record as SSA investors seek duration

France received its biggest ever order book as it came to the market for a 20 year syndication on Tuesday. SSA bankers say that investors are looking for duration after previously sticking to defensive maturities as the Covid-19 crisis eases.

Burhan Khadbai, May 27, 2020
ABBs-Block Trades

Citi left long after complicated Sfr2.55bn Sika trade

Citi was the sole bookrunner and underwriter on a Sfr2.55bn block trade in Sika, the Swiss chemicals company, sold by Saint-Gobain on Tuesday night — but the deal was not covered.

Aidan Gregory, May 27, 2020
LevFin CLOs

Investcorp debt boss eyes post-pandemic CLO 3.0 era

CLOs structured in the post-pandemic world will see tighter documentation, but more flexibility on ratings, as the market adapts to the lessons learned through the Covid-19 crisis and ushers in a new ‘CLO 3.0’ era for the European market, according to Investcorp Credit Management boss Jeremy Ghose.

Owen Sanderson, May 27, 2020
Senior Debt

ECB casts doubt on bank MREL targets

The European Central Bank said this week that Covid-19 could hamper some banks from meeting their targets for the minimum requirements for own funds and eligible liabilities (MREL), given the likelihood of credit rating downgrades and dislocation in the funding markets.

Tyler Davies, May 27, 2020
Asia

Alantra opens offices in China and Brazil, hires new advisory team

Alantra is buffing its credit portfolio advisory team with the addition of Marcus Evans and Christos Stefanidis, who will join as managing directors in the UK and Greece. The credit portfolio advisory firm is also opening up offices in Latin America and China.

Tom Brown, May 27, 2020
LevFin Leveraged Loans

Technicolor asks lenders to waive default condition after rights issue pulled

Technicolor has asked its lenders to waive a default condition so it can appoint a conciliateur and begin a consensual debt restructuring process that includes €400m of new financing and a debt-for-equity swap. This follows the failure of the company’s planned €300m rights issue, announced in mid-February but thrown off course by the coronavirus pandemic.

Owen Sanderson, May 27, 2020
Investment Grade Loans

Retailer Tendam latest in Spain to win ICO crisis support

Tendam, a fashion retailer, is the latest Spanish company to get syndicated loan backing from the state owned Instituto de Credito Oficial (ICO), as sectors hit hardest by the coronavirus pandemic lean on state support.

Mike Turner, May 27, 2020
ABBs-Block Trades

Nexi IPO sellers reduce stake after M&A talk boosts shares

Investors welcomed a €781m trade in Italian payments firm Nexi on Tuesday evening after three of the sellers from the firm’s IPO took advantage of a recent rally in the share price to cut some of their stake.

Sam Kerr, May 27, 2020
Covered Bonds

Investors jump on rare Belgian covered bond

The stream of French covered bond deals was interrupted on Wednesday when KBC Bank returned to the market for the first time in more than two years to issue a long five year, priced slightly inside its own curve. The oversubscribed order book, reflected investor anxiety about the supply drought.

Bill Thornhill, May 27, 2020

...

2824

2825

2826

2827

2828

...

30885