One ABS investor said the EdgeConneX master trust could possibly look more like a whole business securitization, a form of securitization used in the US but rare in Europe, which is structured to have ...
Credibly focuses on small and medium-sized businesses with an average of at least $10,000 of monthly revenue in the most recent three months when they make a funding request, and at least six months ...
New issue concessions have crept up into the high single digits over recent weeks as issuers have prioritised execution in choppy markets. Novartis paid a new issue concession of 3bp at the short end ...
In the nine weeks before the war, senior corporate NIPs averaged just 0.5bp, while hybrids were priced at an average of 2.9bp inside fair value. Akzo Nobel this week paid the highest corporate ...
European credit markets, and particularly primary bank financing, may have just received an olive branch from the European Central Bank that could help deals get over the finish line in a worsening ...
HSBC and Danske Bank braved volatility this week to print well-received additional tier one (AT1) bonds as the dollar market continued to display its customary resilience against escalating conflict ...
Vincorion, the German manufacturer of power systems for defence and advanced aeronautic applications, received demand from both institutional and retail investors in its oversubscribed IPO this week.
The ECB was far less hawkish than the Bank of England several hours earlier, but its stance still suggested that “it has effectively moved towards a tightening bias,” said ABN Amro in a research ...
Attacks on vital energy infrastructure in the Middle East this week have prompted another sell-off in the dollar bonds of ...
CLOs have low direct exposure to energy companies, managers said this week. But they believe the present oil price volatility could attract new bond buyers looking for discounted CLO paper. “[With] ...
The European CLO market has stalled. The war in the Middle East has shaken investor confidence and there have been no new deals this week. “I would be surprised if we see any new issue [CLOs] price ...
The market remains in a cautious mood but it is easy to forget it has been a strong year. “Year-to-date euro benchmark net ...