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 373,011 results that match your search.373,011 results

Sort by

EM Middle East

Aramco bids top $15bn, though funds puzzled as money not for Sabic

Indications of interest for Saudi Aramco’s planned bond issue were understood to have topped $15bn on Thursday morning in London, with three days left of the roadshow still to run. Contrary to press reports, investors have been told on the roadshow that the cash raised will not be used directly to fund the acquisition of Saudi Basic Industries Corp, as that is not expected to take place for another six to 12 months, writes Francesca Young.

Francesca Young, April 04, 2019
LevFin High Yield Bonds

Loxam squeezes senior-sub split with twin tranche refi

Loxam, the France-based equipment rental company, refinanced a secured and subordinated high yield bond with a twin tranche new issue this week, cutting its funding costs, the spread between the tranches, and showing the strength of the bid for subordinated paper.

Owen Sanderson, April 04, 2019
Senior Debt

European banks hunt for green paper as Italy’s UBI debuts

Investors turned their attention to UBI Banca on Wednesday as it issued its debut green bond, sending a clear message about their demand for the product. Two other European banks are already set to follow in the Italian bank’s footsteps.

David Freitas, April 04, 2019
SSA

Blistering week for SSA sees premiums burned away

Sovereign, supranational and agency (SSA) issuers burst into the second quarter with a scorching week that saw plenty of big books and minimal or negative premiums.

Burhan Khadbai, April 04, 2019
People News

String of senior names leave Barclays

A number of important bankers have quit Barclays. The exodus follows the departure of Tim Throsby, chief executive of Barclays International and Barclays Bank, and staff receiving their annual bonuses.

Alexander Saeedy, April 04, 2019
Equity IPOs

IPO investors, your deals need you

Equity investors should double down on new listings in open trading to support their purchases. But according to many syndicate bankers, lots choose to sit on the sidelines instead, sometimes watching their investments plummet.

Sam Kerr, April 04, 2019
Supras and agencies

KfW prints first Swedish note of 2019

A reverse enquiry was the catalyst behind KfW’s decision to print its first Swedish krona note of the year on Wednesday — one of the largest krona deals issued by the German agency.

Frank Jackman, April 04, 2019
Corporate Bonds

Otto's unusual green bond finds only lukewarm demand

Otto, the family-owned German online and catalogue retailer, brought its first sustainable bond issue on Thursday. But despite it offering an interesting new flavour to green bond investors, the deal's sale appeared to produce an underwhelming result.

Jon Hay, April 04, 2019
Derivatives

ESMA designs new CCP stress tests with concentration focus

The European Securities and Markets Authority has launched a fresh round of stress tests for EU central counterparty clearing houses. It will include a new component to measure the cost of liquidating concentrated positions. ESMA said UK CCPs would be excluded from the exercise in the event of a no-deal Brexit.

GlobalCapital, April 04, 2019
Corporate Bonds

ERG’s debut green, Norsk Hydro two parter win keen bid

Two renewable energy companies achieved successful euro bond issues on Thursday. Norsk Hydro, the Norwegian aluminium and renewable energy firm, and ERG, the Italian wind energy group, issuing in green format, both tightened their prices and finished with plenty of over-subscription in their books.

Alex Radford, April 04, 2019
LevFin Leveraged Loans

Boxing clever: Ifco breaks 400bp barrier

The acquisition debt for Ifco, the spinout plastic boxing business of Australian logistics firm Brambles, will come inside the 400bp barrier some market participants see as crucial to bringing in CLO demand.

Owen Sanderson, April 04, 2019
High yield

Cautious carbon firm seizes chance to cover convert payment

SGL Carbon issued a €250m senior secured five year on Wednesday, allowing the carbon and graphite materials firm to repay a convertible maturing next year. Despite the issuer’s chequered past, the deal saw huge demand — but the company’s decision to lock in funding now suggests tough times ahead.

Owen Sanderson, April 04, 2019

...

3928

3929

3930

3931

3932

...

31084