Bankers hope for a record year of corporate MTNs in 2014
Yield-hungry investors, combined with a handful of new issuers and the return of old names could make for a record year of corporate private medium term note issuance in 2014, MTN bankers predict.
View ArticleCAF set for euro debt feast in 2014 as investors pile in
Corporación Andina de Fomento (CAF) will issue more private placements in euros in the new year, the borrower revealed to Euroweek. The levels being posted by the supranational should tempt plenty of...
View ArticleAbenomics may force SSA hand in CSA debate
Bankers have lobbied supranational and agency borrowers for years to sign two-way Credit Support Annexes (CSAs) to overcome the ramping up of new issue swap hedging costs on primary bond business. It...
View ArticleIcelandic banks set to cap comeback in 2014
Icelandic banks are hoping to make a full return to the international capital markets next year, with Íslandsbanki and Arion Bank plotting deals. Bankers have tipped the issuers to attract strong...
View ArticleMTN Leak: Call of Duty â Feline Warfare
Adrenaline junkie George Nijborg of Goldman Sachs caused alarm in Leak towers this week after admitting that his latest wheeze â shooting â is not hitting the spot.
View ArticleUnrated housing associations find friends in PP market
Small UK housing associations issuing privately placed bonds will find strong investor interest in their paper, bankers said this week.
View ArticleStruggling SSAs search for alternative private placements
A lack of investor interest in supranational and agenciesâ traditional private placement formats is forcing issuers to sell deals in rare currencies and structures, according to MTN dealers.
View ArticleUS MMFs contemplate peripheral banks
US money market funds are boosting their allocations to eurozone banks and buying ever long tenors, according to commercial paper dealers. The funds are even considering a return to peripheral bank...
View ArticleMTN Leak: Winter shorts
The US may be in a deep freeze but MTN desks have decided to bypass winter this year and head straight for summer instead.
View ArticleLithuania mulls PPs after launching EMTN programme
The Republic of Lithuania launched an EMTN programme on Wednesday and is considering selling private placements using the documentation. The sovereign should consider printing in yen, according to MTN...
View ArticleMTN Leak: Back to the Future
With strikes in the news this week there was definitely a 1980s feel to London â and Deutsche Bankâs Anthony Saputo thought it was the perfect excuse to revert back to his childhood and break out...
View ArticleSSAs ready for structured MTN revival
Volumes of structured MTNs from supranationals and agencies could surge this year as borrowers are eager to issue and investors are warming to new formats.
View ArticleCable money market funds eager for European banks
Dollar and sterling denominated money market funds (MMFs) are increasing their allocations to banks, according to a new Fitch report. European banks are set to reap even more rewards as the funds shift...
View ArticlePeripheral European banks to steal Nordic glory in PP market
Private placements from peripheral European financial institutions will dominate the market in the coming weeks as investors hunt for yield, according to MTN dealers. These banks could steal the...
View ArticlePeriphery banks to steal Nordic glory in PPs
Private placements from peripheral European financial institutions will dominate the market in the coming weeks as investors hunt for yield, according to MTN dealers. These banks could steal the...
View ArticleMTN Leak: Going pro
The hills are alive with the sound of MTNs this week, with half the market taking their lead from the Sochi 2014 Winter Olympics and hitting the slopes.
View ArticleEuropean MMFs consolidate after investors jump ship
Investors are pulling out of European money market funds leading the funds to consolidate, according to commercial paper dealers.
View ArticlePP investors hunt deals in EM local currencies
Investors hunting for yield are eager for private placements in emerging market local currencies, according to MTN dealers. Turkish banks are tapping the demand and will print more deals in the...
View ArticleCAF hunts for investors in HK$ and Nkr
Corporación Andina de Fomento (CAF) hopes to increase its presence in the Hong Kong dollar and Norwegian krone markets, a funding official at the development bank told EuroWeek. But the borrower may...
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