UK
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Now in its 20th year, the Loan Market Association (LMA) faces tough paths to climb such as navigating the UK’s exit from the European Union, but the organisation is confident that its English law documentation will still hold its own. -
The busy equity block trade action in Europe since the US election has continued into its third week, though market participants are beginning to brace for the outcome of the Italian referendum on Sunday.
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Rising inflation expectations, as governments switch their focus to fiscal stimulus and central banks move away from extremely loose monetary policy, are boosting demand for inflation linked bonds. Opec’s agreement this week to cut oil production pushed demand even higher. But there are question marks over whether issuers will adapt their funding menus to satisfy the new appetite, writes Craig McGlashan.
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Barclays was looking to sell seven year senior debt from its holding company on Thursday, with the trade unaffected by the lender’s weak performance this week in the Bank of England’s 2016 stress test.
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The UK's United Biscuits is now rated B1 after a one notch downgrade by Moody’s on Thursday.
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Swedbank became the third non-UK issuer to launch a sterling covered bond since September with a rare five year offer on Wednesday.
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CME Clearing Europe, CME Group’s London-based clearing house, has been approved by the US Commodity Futures Trading Commission as a derivatives clearing organisation (DCO).
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Tonight, Apax and Guardian Media Group are selling another 15% of Ascential, the UK events and publishing company, while Anglo-American is divesting its entire stake in Exxaro, the South African coal miner.
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Teddy Sagi, the entrepreneur, used a block trade on Tuesday night to offload shares in Playtech, the FTSE 250 gaming software business he started in 1999, for £329m.
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Bellevue Asset Management, the Anglo-Swiss asset manager focused on biotechnology, has completed the flotation of BB Healthcare Trust, its new long-only investment trust focused on global healthcare stocks.
