Online lender Kabbage has hired Guggenheim Securities to sell its upcoming US$500m small business loan securitization, according to marketing materials viewed by IFR.
Banks advising healthcare insurance companies Anthem and Cigna on their mega-merger could be in for a longer than expected assignment as the two health insurance companies square off in court, suing and counter-suing each other over the proposed combination.
Five years after Greece fired the gun on the biggest sovereign debt exchange ever, yields on the country’s remaining bonds gapped out alarmingly last week when one of its official sector creditors, the International Monetary Fund, spelled out why it could not provide more funds.
Teva Pharmaceutical’s bonds traded dramatically wider on Tuesday, in a sell-off triggered by the resignation of its CEO and uncertainty over its strategy.
High-yield bond issues from Asia hit a four-year high in January as borrowers rushed to tap a liquid market before the start of the Trump administration.
The Co-operative Bank may have to adjust its business plans to suit the ongoing low-rate environment, after admitting its common equity Tier 1 ratio was likely to fall below the previously forecast base of 10%, but it is unlikely to need another full capital restructuring, according to sources close to the bank.
Junior creditors of Lehman Brothers’ London arm have more reasons than most to curse the Brexit case clogging up the UK Supreme Court over the past six weeks. The judgment in the Brexit case is to be delivered this Tuesday, but the use of the court’s time may have proved costly to the Lehman creditors.