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SRI

Top section

Top section

Bitcoin ABS edges forward as price plunge turns collateral to cash

When loans' LTVs hit 80%, Bitcoin stakes are liquidated in seconds
London continues to benefit from metal price volatility

Congo picked the best of an unappealing bunch of options

The yield was ultra high but Congo had little room to manoeuvre

Yondr takes the stage, as Europe’s data centre ABS market comes of age

US market remains the model as template issuance takes shape
London continues to benefit from metal price volatility
Sub-sections
  • Public sector borrowers found themselves in a tricky position as they returned to the primary euro market this week as they attempted to strike a balance between current secondary levels and where the market is heading with the arrival of the European Union’s giant borrowing programme from September.
  • Europe’s equity investors finally have some IPOs to consider again, after the volatility caused by the spread of Covid-19 scuttled most deals in the first half of the year. But they remain selective: only companies in sectors that are either immune to the pandemic or have benefited from it will get a hearing. Aidan Gregory reports.
  • Chinese electric vehicle manufacturer XPeng raised $1.5bn this week, after increasing the size of its US listing and pricing it above the marketed range.
  • Ant Group started speaking to investors this week for mammoth IPOs on the Hong Kong and Star markets, which at an estimated size of $30bn would become the world’s largest ever share offering. The deal is a big win for both exchanges — and bankers in Hong Kong are also expecting a record fee from the deal. Jonathan Breen and Rebecca Feng report.
  • SRI
    Kim Balt, who led ING's equity syndicate desk for 18 years, has joined Avantium, a Dutch company that makes alternatives to plastics from plants.
  • TeamViewer, the German remote connectivity software company, has amended bank facilities totalling €630m-equivalent, cutting 25bp-50bp off its margins after a spate of successes since its IPO last year.