Top Section/Ad
Top Section/Ad
Most recent
Calendar quirk could keep issuance going in December
◆ Praemia refis at a tighter coupon ◆ Schneider lands tight at the short end ◆ Minimal concessions needed
French biotech seeks to accelerate cancer vaccine program
◆ Single digit premiums offered ◆ Reverse Yankees dominating euro supply ◆ Floaters proving popular with multi-tranche issuers
More articles/Ad
More articles/Ad
More articles
-
A dramatic collapse in the price of oil has forced banks to take a hard look at their lending to companies in the industry. Syndication bankers in Asia told GlobalCapital this week that they plan to reduce their exposure to the sector, and to demand higher returns for the loans that they do accept. Pan Yue reports. -
Fitch Ratings has lowered Italy’s credit rating one notch to BBB- on Tuesday night, making the move more than two months ahead of its scheduled review in July.
-
Barclays’ revenue from markets in the first quarter was its best ever, the bank said, but another large figure overshadowed this: credit provisions across the group came in at more than double the consensus estimate, on the basis of macroeconomic assumptions seen as conservative and a £300m hit from low oil prices.
-
Barclays saw its common equity tier one capital ratio fall 70bp amid balance sheet growth in the first quarter, but analysts suggest the bank should be able to maintain enough capital to carry on paying additional tier one coupons this year.
-
The Republic of the Philippines printed one of its largest bonds on record this week at exceptionally tight levels, taking $2.35bn from a dual-tranche deal. The sovereign gave investors what they wanted: long tenors, attractive initial pricing levels and full clarity on the impact of Covid-19 on the country, writes Morgan Davis.
-
Norwegian Air Shuttle has revised the terms of its restructuring pitch to bondholders, cutting the size of the writedown it is asking them to take and making sure they get the benefit of the security over landing slots they were granted last year.
