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CLO manager beefs up private credit team
US middle market debt specialist and CLO manager Monroe Capital has hired four staffers to its private credit team in New York and Chicago.
20 Nov 2019 -
Co-op Bank readies £993m UK RMBS after resolving dispute with Capita
The Co-operative Bank is mandating Bank of America and HSBC for a £993m UK RMBS, the sixth from the issuer's Silk Road shelf and the first offering from to be publicly issued since 2012.
19 Nov 2019 -
‘Apprehension’ ahead as CLO market hopes to dodge 2018 repeat
CLO managers are hoping to avoid a repeat of the ugly end to 2018, with some credit buyers opting to sit on their hands and wait out what is expected to be a period of thin liquidity and shaky sentiment. Despite a spate of nervousness and some late-cycle behaviour, however, underlying metrics in the market still look mostly sound, according to Steve Vaccaro, chief executive of CIFC, one of the largest CLO issuers.
19 Nov 2019 -
Gas wins concessions, but EIB makes big step away from fossil fuels
In a marathon board meeting that lasted into the evening on Thursday, EU member states have approved a new Energy Lending Policy for the European Investment Bank, ending a dispute over how fast it can cut out fossil fuel financing. Those arguing for gas still to receive financing won substantial concessions, compared with the EIB's first draft of the policy.
14 Nov 2019 -
UniCredit securitization frees up BTP book trapped in Fineco
UniCredit has structured a a €7.75bn SME securitization called Impresa Two, which will allow the bank to free up a large book of Italian government bonds it had pledged to former brokerage subsidiary FinecoBank.
14 Nov 2019 -
Principal losses loom for risk transfer buyers after accounting wrinkle
European bank supervisors have switched their approach to excess spread in risk transfer securitizations, paving the way for the stream of full stack capital relief deals issued this year by banks including BNP Paribas and Santander. But questions remain about how the deals handle IFRS 9 accounting, with Santander’s approach potentially boosting principal losses for investors. Owen Sanderson reports.
14 Nov 2019 -
Agricole’s Gay raises d’Intignano, Lamarque and Sodhi in reshuffle
Crédit Agricole announced on Thursday a reorganisation of its global markets financing and funding solutions (FFS) division, which includes several senior job changes, including the promotions of Atul Sodhi and Jean-Luc Lamarque, reported by GlobalCapital on Wednesday.
14 Nov 2019 -
Crédit Ag promotes syndicate head
Crédit Agricole has promoted its head of debt syndicate to a larger global role.
13 Nov 2019 -
Crédit Agricole chooses new head of global DCM
Crédit Agricole has chosen a new global head of debt capital markets.
13 Nov 2019 -
Mediobanca plots advisory, mid-cap push
Mediobanca’s plan for the next four years involves boosting advisory origination and using capital more efficiently in its corporate and investment bank (CIB). It is also committed to issuing a sustainability themed bond.
12 Nov 2019
