UK
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The UK Debut Management Office is planning to issue an inflation linked syndication early next year, after completing its conventional syndicated programme this week with a reopener of its 2071 Gilt. -
Tucked away at the end of a press release, the Bank of England announced this week that it would delay a stress test for financial institutions. A messy departure from the EU could test the banks in real life instead.
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Global fintech M&A has surged by more than a quarter year-on-year by value, as consolidation grips the upper echelons of the market and lenders prepare for a swathe of financing requests. Michael Turner reports.
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Equity markets in the UK, US and eurozone sold off late Wednesday and on Thursday, leading to a mixed reaction from equity derivatives strategists.
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There are more than $512bn worth of bonds that will need to switch to an alternative reference rate if global regulators execute plans to ditch the Libor benchmark by the end of 2021, Linklaters said on Wednesday. GlobalCapital asked the law firm what needs to happen for a successful switchover.
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IHS Markit has created a new syndicated loans database that the information company says is the first of its kind to pull data from different agents to create a single view of parts of the $1tr market.
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The benchmarking arm of Intercontinental Exchange (ICE) opened an online portal on Wednesday that gives market participants information on alternative risk-free rates designed to replace the Ibors, as well as forward-looking term rates based on the sterling overnight index average (Sonia).
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Société Générale has made two appointments in its corporate banking teams; one in London, one in Paris.
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Global fintech M&A has surged by more than a quarter year-on-year by value, as consolidation grips the upper echelons of the market.
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The UK Debt Management Office won big demand for a reopeing of its longest outstanding bond on Tuesday, with a final order book that was over five times covered.
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UK electricity distributor Western Power Distribution returned to the corporate bond market on Tuesday for its regular annual fourth quarter outing, but this time had to accept a significant new issue premium as it raised £350m.
