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 372,893 results that match your search.372,893 results

Sort by

Asia

HSBC’s restructuring: is it enough though?

HSBC’s corporate finance staff have survived its restructuring largely unscathed, but the more ambitious among them will see the bank’s plans as a missed opportunity, writes David Rothnie. And with no answer yet on the identity of the next full-time CEO, the uncertainty is not over.

David Rothnie, February 20, 2020
Derivatives

Battle over high stakes position limits coming as EC reopens commodity derivs question

A politically charged fight over position limits on commodity derivatives appears set to kick off after the European Commission opened a consultation on the second Markets in Financial Instruments Directive (MiFID II) this week.

Ross Lancaster, February 20, 2020
Senior Debt

Trio gets strong reception in senior

Three banks seized a favourable backdrop in the bond market to sell senior bonds this week, finding a warm welcome for maturities from three to six years.

David Freitas, February 20, 2020
Corporate Bonds

US firms cram into market, accelerate bonds

US corporate bond issuers set a blistering pace this week as crowded into the market in droves after Monday’s Presidents’ Day holiday.

David Rothnie, February 20, 2020
SSA

Madrid ratchets in spread

Two SSA borrowers hit screens on Wednesday with green euro benchmarks, following a successful outing by Madrid, which saw the bond’s sustainability feature driving the spread to the tightest achieved at reoffer by a Spanish region.

Lewis McLellan, February 20, 2020
SSA

Euros going strong, but hints of price push-back emerge

The euro market, unlike the quiet dollar market, is going from strength to strength for SSA borrowers. However, the tight spreads are starting to make their presence felt, with investors starting to push back.

Lewis McLellan, February 20, 2020
Leader

EBRD: futureproofing Sonia

The European Bank for Reconstruction and Development made a bold move this week by rewriting the rulebook for how coupons of Sonia-linked floating rate notes should be structured. It annoyed some, but it’s hard to argue against the logic.

Burhan Khadbai, February 20, 2020
Regulatory Capital

BNPP sets AT1 record as Asia piles into dollars

BNP Paribas this week set a new record low for an additional tier one (AT1) coupon issued from a European bank in the dollar market, raising $1.75bn amid heady demand for the product. Iceland’s Arion Bank was also in the market, chipping in with a $100m deal ahead of beneficial domestic tax changes.

David Freitas, February 20, 2020
Supras and agencies

Sonia gets makeover as EBRD shifts new structure

The European Bank for Reconstruction and Development this week became the first borrower to deviate from the standardised coupon calculation method for Sonia-linked floating rates. While investors backed the new structure, with the deal receiving a huge order book from a large number of accounts, there are some market participants who believe the disruption was unnecessary, writes Burhan Khadbai.

Burhan Khadbai, February 20, 2020
FIG Bond Comments

Arion Bank $100m 6.25% Perpetual PNC5.5 AT1

Rating: —/BBB+

David Freitas, February 20, 2020
Private debt

Water companies re-enter market fray after Ofwat purgatory

UK water utility companies have begun to test public and private debt markets for the first time since regulator Ofwat’s price review, and the deadline to appeal it, passed. The regulator’s decision will have large ramifications for the companies’ profiles in capital markets, writes Silas Brown.

Silas Brown, February 20, 2020
Asia

Creditors pull back from frontier markets

Frontier market bond issuance dropped in 2019, with sovereign issuance at its lowest figure since 2011, amid signs that private-sector creditors are pulling back from riskier countries.

Phil Thornton, February 20, 2020

...

3213

3214

3215

3216

3217

...

31074