Deutsche Bank has launched a bid to lessen the burden of an expensive US$4.5bn bond it issued last October at the height of investor concerns about the bank’s future.
The investigative arm of Congress has been asked to review guidelines on US lending released in 2013 that critics say have put a crimp in bank loans to businesses.
Russia’s attempts to woo international banks to underwrite a forthcoming sovereign bond deal appear to have failed, with the country’s finance minister saying it will be led by domestic banks only.
Ecuador is back for more.
Investors looking for a break from auto ABS have been steaming into esoteric issues in recent weeks, looking for the pick-up that has become hard to find in the crowded auto space.
The W2.65trn (US$2.3bn) listing of Netmarble Games last week confirmed South Korea’s appeal among equity investors, despite ongoing political turmoil and rising tensions with North Korea.
While most banks saw a rebound in fixed-income trading in the first quarter from the abysmal levels of a year ago, Goldman Sachs surprised to the downside with a poor performance.
Chipmaker Intel plans to buy 10% of the shares in data management software firm Cloudera’s US$210m IPO to support the deal at a far lower valuation than the price paid when it took a strategic stake three years ago.
Issuers pushed the boundaries of the European high-yield market last week as investors paid above the norm to buy paper despite weak credit profiles, aggressive call options or loose covenant packages.
UK Prime Minister Theresa May’s decision to call a snap election stunned markets and pundits alike, but is not expected to make much of a dent in the equity pipeline. Despite coming to power in 2015 for a term of five years, the Conservative government has called for a general election on June 8.