ISDA’s credit determinations committee is considering whether to include claims arising from Banco Popular’s written-down subordinated notes in the package of assets that can be delivered into an auction to determine credit default swap payouts.
Bankers are naturally reluctant to describe IPOs as hot for fear of attracting the wrong sort of money and creating false hope for the aftermarket - but there is no doubting the excitement around Landis+Gyr’s SFr2.4bn (US$2.5bn) float.
Banks are considering launching syndication of a jumbo €3bn buyout financing for Stada even before knowing the outcome of the takeover offer, after the German generic drugmaker backed a revised bid last week from buyout groups Bain Capital and Cinven.
SoftBank set a global record in the hybrid capital market with a US$4.5bn two-tranche perpetual that tapped into demand for higher returns.
McLaren brought an upsized debut trade to the bond market on Thursday, brushing aside concerns about its business model and its poor performance in the Formula One racing series.
China Citic Bank International has put the spotlight on mainland lenders’ risk-management tactics with a move to sell a loan portfolio totalling more than US$2.8bn in the secondary market.
European regulators could be given more power to force banks to tackle the €1trn of bad loans festering on their balance sheets, under new proposals put together by the region’s finance ministers.
BNP Paribas has struck an agreement with ING to acquire risk relating to a €5bn portfolio of structured notes issued by the Dutch bank.
The Republic of Indonesia printed its first dual-currency sovereign benchmark last Tuesday, making its first visit to the US dollar and euro bond markets since it earned its third investment-grade rating.
Allegations of anticompetitive behaviour in the interest rate swap market have become the subject of a federal investigation after the New York State Attorney General issued subpoenas relating to a private litigation between trueEX and IHS Markit.