IFR Magazine – January 20, 2018

International Financing Review January 20 2018 19 People &Markets Into frying pan? DoJ charges Barclays FX trader 4HEû53û$EP ...

h!SûTHEûWORLDSûECONOMYûSETTLEDûDOWNû THEYûHAVEûBECOMEûLESSûANDûLESSûUSEFULv ANZ ON WHY IT PLANS TO SCRAP QUARTERLY RESULTS, P2 ...

People &Markets Wall Street traders braced for donuts 3OMEûTRADERSûATûTHEûLARGESTû7ALLû3TREETû BANKSûAREûABOUTûTOûGETûBIGûF ...

h4HISûACTIONûISûNOTHINGûMOREûTHANûANûUNFAIRûANDû MISGUIDEDûATTEMPTûTOûREWRITEûTHOSEûLONGSTANDINGûRULESv SEAN HECKER, LAWYER FOR ...

„ FRONT STORY RMBS RMAC tender raises doubts over SPVs Hostile investor targets Fortress business Credit fund CLIFDEN’s daring a ...

AT1 sector starts 2018 on a high Bumper book for RBI despite minimal concession Greater numbers of investors are chasing fewer A ...

SSAR US DOLLARS SPREADS REMAIN TIGHT AS DEALS FLY The SSA market is still going strong, with US dollar issuers achieving tight l ...

And this week CPPIB CAPITAL, guaranteed by the Canada Pension Plan Investment Board, is set to come to the market, having mandat ...

Leads on the €500m no-grow were Barclays, Citigroup (B&D), Rabobank and Societe Generale. h7EûSTARTEDûWITHû;MID SWAPS=ûmATûA ...

Rounding off the week was OESTERREICHISCHE KONTROLLBANK, which added A$25m to its 3.50% August 2027s, taking the total outstandi ...

Bondholders’ big concern is that GE could spin off the best businesses and pay the cash out to shareholders, leaving bondholders ...

Fair value using Tradeweb bid prices on April 2026s and January 2028s came out at around plus 53bp, tallying with a lead banker ...

ISSUERS KEEP THEIR COOL In the meantime, borrowers appear UNSHAKENûBYûTHEûCONmICTINGûRUMOURSû regarding the ECB revising its pol ...

UK water companies raised £2bn from lVEûTRADESûLASTûYEARûVERSUSûaMûFROMûTWOû bonds in 2016. Moody’s recently assigned or main ...

the week on Thursday, a US$7.5bn three- part senior note trade that was twice covered with US$13bn of investor orders. VARIETY P ...

inside respective 65bp area and 100bp area initial price thoughts. A US$500m three-year mOATING RATEûNOTEûWASûPRINTEDûATûTHREE m ...

in excess of €750m, and inside IPTs of 40bp area. 4HEûmOATERûCAMEûROUGHLYûINûLINEûWITHû WHEREûAûlVE YEARûlXEDûWOULDûPRICEû impl ...

The bonds are rated Baa2/BBB–/BBB+. UBS was joint lead, no books, and Credit Suisse and BaslerKB were co-leads Deutsche Bank was ...

BONDS COVERED BONDS back into Australian dollars about 230bp wide of BBSW, though the US market obviously has huge depth advanta ...

THISûYEARûTHEûBPûTHROUGHûMID SWAPSûlNALû level offering 2bp of new issue premium. DNB managed to price the largest non- CBPP3- ...