United States
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US soft drinks and snacks group PepsiCo returned to the investment grade European bond market after a two year absence on Monday, clinching a very tight new issue premium. -
Quantitative Brokers, a Manhattan based provider of agency algorithms for futures and fixed income markets, has added a new strategy that targets best execution around an instrument’s close or settlement price benchmark.
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National Australia Bank printed its biggest ever dollar trade as investors shrugged off volatility and piled into new issues.
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World Bank reopened the SSA market on Wednesday with a $5bn three year dollar deal that met with a rapturous reception from supply starved, but cautious, investors.
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The strong run of US corporate bond issuance continued this week as borrowers enjoyed a firm technical backdrop, despite a collapse in US Treasury yields following the Brexit vote.
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A lack of clarity around margin mandate regulations and compliance requirements has left banks unprepared to comply with approaching uncleared derivative margining deadlines, an industry survey has found.
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UK investment firm Melrose will rely on relationship banks for $1.25bn of debt to support its acquisition of Nortek, as the loan market continues to support deals in the wake of the Brexit vote.
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The result of the UK referendum on EU membership is likely to encourage Japanese triple-A investors to focus more heavily on US CLO paper, said CLO market participants this week.
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A procession of blue-chip corporate and Yankee names re-opened the dollar market with jumbo deals this week as investors displayed a strong appetite for US high-grade paper.
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Lloyds reopened the dollar market for European borrowers for the first time since the UK’s vote to leave the European Union last week, surprising market participants who thought the country’s banks would need longer to recover from 'Brexit'.
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Two of the five US subsidiaries of European banks under the Federal Reserve’s supervision failed the regulator’s stress test this week, despite having some of the highest common equity tier one ratios under the Fed’s worst case scenario. The banks, mostly with US headquarters, that passed largely plan to increase dividends and buybacks
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Brandywine Global Investment Management, which manages about $70bn in assets, has hired three for its global fixed income group.
