Snap is hoping its raw growth, monetisation potential and the vision of founder Evan Spiegel will overcome a long list of investor concerns as it seeks to price one of the most aggressively positioned high-profile IPOs in recent memory.
Virgin Media is looking to exploit weak covenants in its legacy bonds to carry out an exchange on sterling notes that will also impose covenant changes on US dollar bondholders.
The European Financial Stability Facility will this week have to grapple with widening spreads and a volatile backdrop for its third – and potentially most difficult – bond sale of the year.
Despite a cost of US$1.4bn-plus a pop, floating liquefied natural gas vessels hold the potential to further commoditise the transport of natural gas globally. The vessels – essentially ships that produce, liquefy and transfer LNG – are cheaper than land-based facilities and carry less environmental and political baggage.
Banca Popolare di Vicenza, crippled by a gaping capital hole and with a state rescue in sight, will discover this week whether a government guarantee will entice investors into buying its debt.
US Federal Reserve Governor Daniel Tarullo’s early exit from the central bank is the clearest signal yet that large global banks may see an easing of some of the strictest capital and reporting requirements imposed in the past five years.
Some credit default swaps referencing the French sovereign may be more valuable than others in the event that National Front candidate Marine Le Pen wins the presidential election and leads the country out of the euro.
Investors’ appetite for leveraged loans is allowing companies to line up debt with few safeguards on an unprecedented scale.
Arconic sold a US$893.1m stake in aluminium producer Alcoa via one of the largest unregistered block trades of recent years, capitalising on the latter’s share price surge since last year’s separation of the two companies.
Hong Kong and Indonesia are set to welcome their first real estate investment trusts for years, in a sign that Singapore’s hold on the regional REIT market may be under threat.