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 372,873 results that match your search.372,873 results

Sort by

Covered Bonds

Strong banks also need central bank support

Canadian banks are among the largest, most profitable and best rated in the world, but that does not grant them immunity from liquidity bottlenecks. A recent spree of deals — although in some ways a show of might — illustrated that even the most fortified of lenders can appear vulnerable.

Bill Thornhill, March 31, 2020
Supras and agencies

ADB jumbo deal shows dollar market is back

The dollar market had looked sluggish, particularly in comparison to the volumes churned out in euros, but Tuesday's $4.5bn two year from Asian Development Bank indicates the market is back in working order.

Lewis McLellan, March 31, 2020
Supras and agencies

ESM brings in new bill programme, funding windows set for second quarter

The European Stability Mechanism has added a new 12-month bill programme for the second quarter as it looks to manage its collateral requirements amid volatility in rates. ESM and the European Financial Stability Facility have also set out their issuance windows for benchmark deals in April to June.

Burhan Khadbai, March 31, 2020
Follow-ons and Rights issues

Covid-19 crushes ECM aspirations for 2020

Equity capital markets in Europe got off to a great start in the first quarter of 2020, but any optimism about more deal flow has swiftly been killed off by the onset of a global equity market sell-off sparked by the spread of the coronavirus across the globe and the shutdown of major economies.

Aidan Gregory, March 31, 2020
Asia

Cruise line launches rescue attempt with rights issue and $3bn bond

Carnival Cruises, the world’s largest leisure travel company, is rolling the dice on a coronavirus rescue package, launching a $1.25bn underwritten rights issue, $1.75bn convertible bond, and a $3bn dual currency high yield bond.

Owen Sanderson, March 31, 2020
Sovereigns

Portugal lines up as Belgium takes record €55bn book

Portugal will be hoping to mirror the success of Belgium after the latter smashed records in the public sector bond market on Tuesday with the biggest ever order book for an SSA borrower in euros. Both Portugal and Belgium have announced an anticipated increase to their 2020 funding programmes as result of the Covid-19 crisis.

Burhan Khadbai, March 31, 2020
Equity

Remote ECM bankers cannot switch off

Equity capital markets are adjusting to life in quarantine, with most bankers saying they are well set up to work remotely during Covid-19 lockdowns. Even syndicate bankers, natural sceptics to home working, are starting to have faith that business can be done at a distance.

Sam Kerr, March 31, 2020
SSA

SSA secondary pricing update: Euro deals outperform dollars

Trading levels given are bid-side spreads versus mid-swaps and/or an underlying benchmark and bid-yields from the close of business on Monday, March 30. The source for secondary trading levels is ICE Data Services.

Burhan Khadbai, March 31, 2020
LevFin High Yield Bonds

European high yield waits for its ship to come in after IG flood

Investment grade companies have rushed back to the bond market, while syndicate bankers in riskier and more complex asset classes are wondering when their turns will come. Yum Brands reopened US high yield on Monday, leaving European high yield desks hoping a bold issuer would try this side of the Atlantic. Euro buyers were teased a piece of Carnival's rescue package, but lost out to a strong dollar market.

Owen Sanderson, March 31, 2020
Investment Grade Loans

Shell builds cash pile again with $12bn revolver

Royal Dutch Shell has signed a $12bn credit line, three months after securing a similarly sized deal, as the Anglo-Dutch oil major builds up its cash pile in the face of plunging oil demand and prices.

Mike Turner, March 31, 2020
Investment Grade Loans

Imperial Tobacco signs new RCF, no plans for drawdown

The UK's Imperial Brands, formerly Imperial Tobacco, has signed a new €3.5bn three year multi-currency revolving credit facility, slightly increasing its main bank line, despite not having plans to draw down.

Mike Turner, March 31, 2020
CEE

Turkey joins QE club with new programme

Turkey has joined the list of emerging market countries experimenting with quantitative easing programmes in the wake of the Covid-19 crisis engulfing conventional funding markets.

Ross Lancaster, March 31, 2020

...

3132

3133

3134

3135

3136

...

31072