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The article presents an update on the cédulas market in Europe as of April 2007. Grupo Banco Popular priced a €2 billion 10 year issue at 6 basis points (bp) over mid-swaps. Caja Madrid offers a €1.5 billion 15 year cédulas hipotecarias at 8bp over mid-swaps while adding €500 million to its €1.5 billion March 2036 deal at 10bp over mid-swaps. A 10 year paper from Banco Bilbao Vizcaya Argentaria issued in January is trading at 4bp/3bp over.

The article provides information on commercial papers (CP) issued in Europe as of February 2007. The demand for sterling CP has increased after the Bank of England's Monetary Policy Committee held interest rates at 5.25%. A Eu6.5 billion French CP programme has been issued by Acoss, an agency that manages the pooling and distribution of social security payments in France.

The article presents an update on the European medium-term notes and commercial paper markets as of September 2006. Simba Funding Corp. launched a Eu40 billion single-seller asset backed commercial paper conduit on September 14, 2006 which was sponsored by ING Bank. The number of enquiries for Euro-commercial paper has increased over the previous week despite core currencies remained in the 75-80 day range.

The article presents an update on the European commercial paper markets as of March 17, 2006. Euro-denominated issuance picked up in medium and longer dated tenors. The market expected the Federal Open Market Committee to raise dollar rates on March 27 and 28 and on May 10. By the close of trading on March 16, banks had taken 40.78 percent of new issuance, the asset-backed sector took 30.19 percent, while sovereigns and supranationals took 4.41 percent and 3.71 percent respectively.

The article presents an update on the European commercial paper market as of February 2006. Dealers have reported difficulty in trading conditions with tightening liquidity. Sterling issuance had increased in the six, nine and twelve month tenors. The European Central Bank is planning to enter the market as being an eligible instrument to be used in its collateral operations.

Presents an update on the European commercial paper (ECP) market as of September 30, 2005. Financial institutions that issued large Swiss franc tickets; Launch of an ECP deal from Fortis Luxembourg Finance; Information on the stalled ECP programme launched by bankers from Caja Madrid.

Focuses on the status of the European commercial paper (CP) market as of September 16, 2005. Increase in the number of CP issuers; Background on a CP programme arranged and owned by Deutsche Bank; Other corporate borrowers that issued commercial paper during the week.

Reports on the status of the commercial paper (CP) issuance market in Europe in July 2005. Success of the Rhein-Main Securitization asset backed CP program of Deutsche Bank; Possible reduction of interest rates in August; Percentage of CP deals in the market taken by banks.

Presents an update on secondary trading in the financial services industry in Europe as of March 11, 2005. Disappointment of traders over the postponement of the entry of Rexel, a French electrical parts distributor, and glass packaging company Gerresheimer Glas in secondary trading; Impact of the entry of the paper of Dutch cable company UPC on the U.S. dollar portion in the trading; Unpopularity of Global Garden products in the trading.

Presents commentary on issues concerning the European commercial paper (CP) market as of January 21, 2005. Performance of the CP for the week; Increase in the demand of sterling papers according to bankers in London, England; Percentage of new trades issued by banks and financial institutions.

Assesses the European and U.S. corporate papers (USCP) as of December 5, 2003. Reason for the decrease in USCP; Value of the European corporate papers; Data on U.S. asset backed corporate papers issued by the U.S. Federal Reserve.

The article reports on the growth of the European commercial paper (ECP) market. According to Dealogic, ECP outstanding at the end of June 2008 was $813 billion, up from $805.6 billion at the same time in 2007. Corporate issuance, however, continues to wane. Banks continue to dominate, making up $73.6 billion of the $128.6 billion for the week to Thursday, according to Dealogic.

Presents updates on companies which tapped the multi-term notes (MTN) and commercial paper (CP) markets in Europe as of October 3, 2003. Amount of the EuroCP program launched by Pirelli; EuroCP facility established by Deutsche Bank; Plan of the Hellenic Telecommunication Organisation to tap the EuroCP market; EuroCP issuance of Sheffield Receivables Corp.

Reports that Greece, Italy and Portugal launched a combined syndicated government bonds to take advantage of the demand for high quality paper as of February 8, 2002.

The article announces the largest piece of sterling-denominated commercial paper in an emerging Euro Commercial Paper (ECP) market which was printed by the Bank of China for money market funds looking for investable credits beyond Europe.

The article focuses on a plan by southern European paper maker Lecta to wrap up an exchange offer for the remainder of its 2014 senior secured floating rate notes (FRN) on May 4, 2012. The new Lecta issue is worth 590 million euros. A positive outcome is expected by market participants for the Lecta deal. Information on the price structure of the transaction is provided. The portability feature of the FRN was cited by a banker as a potential hurdle for some investors.

The article reports on a refusal by the European Financial Stability Facility (EFSF) to rule out issuing commercial paper in December 2011. It says that the decision of the agency was influenced by the claim of dealers that the instrument compliments the inaugural auction of bills in Europe. According to EFSF deputy chief executive officer Christophe Frankel, commercial paper offers options to investors since it provides them with diversification through currency issuances.

The article focuses on the 500 million Australian dollars of three-week commercial paper (CP) issued by KfW on August 25, 2011. During this year, the outstanding CP volumes in Australian dollars have increased to 8.5 billion dollars from 5.8 billion dollars in the previous year. A dealer explains that European borrowers are shifting to Australian dollars due to difficulties funding in U.S. dollars. Also included are information on the CP issuance from Ireland.

Evaluates several international bond issues in the swiss franc market as of September 1, 2000. Bayerische Hypo-und Vereinsbank AG; General Electric Capital Corp.; Landwirtzchaftliche Rentenbank; Ono Sokki Co. Ltd.; Baloise Holding.

This article reports on the launch of a commercial paper by Generalitat de Catalunya in Europe in 2010.

The article reports on dollar issuers' dominance of the European commercial paper market during the week of June 25, 2010. It finds that the Euro/dollar foreign exchange basis still provides funding opportunities for Euro-based issuers. Notes issued by various companies are cited, such as Deutsche Bahn, Suncorp-Metway, Eurofirma and Landwirtschaftliche Rentenbank. Observations are made by some dealers about the lack of any new selling of peripheral issuers such as those in Portugal, Spain and Ireland.

The article provides information on the European commercial paper market (ECP). According to the article, investors remain strongly risk averse as the average tenor of new issues in the ECP have dropped to its lowest level since April 2009. Due to the uncertainty about when the rates are going to pick up, investors are reportedly doing two months rather than three months to keep things shorter.

The article reports on the decline in number of European commercial paper (ECP) issues in the last week of November 2009 due to changes in basis swap according to analysts.

The article reports on the outcome of the commercial paper auction launched by the European Central Bank. Some 589 banks made a bid for 75.2 billion euro 12 month loans at a benchmark rate of 1% at the October 2009 auction. A total of 442 billion euros was loaned by the bank to some 1,121 banks at the first auction held in June. Another auction is scheduled to take place on December 15, 2009.

The article reports on the weak performance of European commercial paper (CP) in February 2008. According to Dealogic data, by the close of business in February, $84.7 billion equivalent had been traded. Maturing trades for the second week of the month reached $110.3 billion. Some believe the lack of activity has made CP funding more expensive for certain issuers. Government and sovereign issuance also remained strong reaching $11 billion during the week.

The article reports on the limited trading of commercial paper by banks in Europe. One dealer noted that it is still hard for financials and corporates and others agree that while sovereign names are able to place longer-dated paper, even those banks perceived as safest do not have that luxury. There have also apparently been some asset-backed flows. All dealers agreed that the Irish bank guarantee seemed to be a positive move, though its full effects have yet to be felt. So far, among those that traded include Allied Irish Bank and Dealogic.

The article reports on the activity in the European commercial paper (CP) market on July 31, 2008. According to Dealogic, the day's issuance totalled $40.1 billion, only slightly higher than the $39.8 billion of July 30, 2008. Most of this is due to an apparent surge in bank sales, which by Thursday's close had already exceeded, at $65.4 billion. EuroCP outstanding at the end of July 2008 was $863.7 billion, up from $813.8 billion the previous month.

The article elaborates the view of Fitch Ratings on the European asset-backed commercial paper (ABCP) market in 2008. With the market bottoming out, Peter Winning of Fitch Ratings stated that there are some investors who are still buying, and some of the well-established multiseller conduits are managing to issue genuine paper to investors. Dealogic figures show that European ABCP fell month on month in 2007, from $271.29 billion at the end of July 2007, to $105.33bn at the end of June 2008.

The article announces that the new world of investor-ruled credit in 2008 gave the puttable floating-rate note a new lease of life. Financial institutions and corporate borrowers have issued €10 billion of puttables and extendables in Europe in 2008, much of it while more traditional markets were shut to them. Investors have used the structure to boost returns over their usual commercial paper holdings while maintaining short duration positions. And issuers have tapped what in some cases has been their only wholesale market source of liquidity.

The article reports on the strength of demand for bank paper in Europe in October 2007. It states that as asset backed commercial paper (CP) outstandings have fallen steadily in Europe, bank issuers have printed more and more paper. According to dealers, demand for bank paper was strong, with maturities as long as three to six months. While spreads for bank issuers rose in the middle of the subprime crisis, they have since fallen back to more familiar levels for issuers.

The article reports that asset-backed conduits and structured investment vehicles have been selling assets and reducing commercial paper borrowing since the beginning of the credit crisis in August 2007. The European Commercial Paper (ECP) market has seen its fair share of that decline, with total asset-backed outstandings falling by 16% from July levels.

The article reports on the condition of the asset backed commercial paper market in Europe in the last week of July 2007. Some had feared that the market might seize up if investors were frightened off by the news about IKB, but dealers said most issuers were able to find demand for their paper, though they had to pay wider spreads than a few months ago. According to Sarah Repucci, a director at Fitch Ratings, there were worries over the last week but they have been bailed out now.

The article focuses on the performance of asset-backed conduits in the euro commercial paper (ECP) market in July 2007. Conduits are paying an average of about 1 basis point for spreads which is higher compared to June. One dealer cites the significance of demand for paper to spreads. A trader notes that traditional money market fund investors were still absent in the ECP market.

The article presents an update on the commercial paper market (CP) in Europe as of June 2007. Asian central bank buying has strengthened the CP market. French agency borrower Cades has printed $420 million and $400 million in two days in single transactions. Asscher Finance will start selling $660 million of income and mezzanine notes to support an initial portfolio worth $6 billion.

The article reports on strong demand in the European commercial paper (CP) market following the release of strong non-farm payroll figures on Good Friday. It is said that investors are branching out to up to one year maturities in dollar CP. It is also claimed that there is a strong bid for Swiss franc and yen paper.

The article discusses the adoption of the Short Term European Paper (Step) market convention and the New Global Note (NGN) format by the European Investment Bank (EIB) for its Eu15 billion global commercial paper programme in 2007. Anneli Peshkoff of EIB shares that through this initiative, the bank will try and create a pan-European market standard. Jean-Claude Trichet of the European Central Bank stressed the need to standardized the money market in the region.

The article reports on the growth of the European commercial paper (CP) market due to the issuance of conduits and asset backed CP to finance new assets. The price of financial instruments have declined because of expectations that large banks will sell some of their assets in preparation for the end of fiscal year in November 2006. Demand for longer dated dollar persisted in Asia. CP Euro issuers anticipate that future rate from the European Central Bank will increase.

The article offers news briefs on the European commercial paper (ECP) market. Nat Bank of Dubai has become the second in Middle East to sign ECP following the launch of its $1 billion EuroCP programme. The credit ratings of Sequana Capital was put into CreditWatch with negative implications after its decision to disinvest itself of its 23.8% stake in Société Générale de Surveillance.

The article presents an update on the European commercial paper (CP) market as of February 2006. There was an increase in yen denominated interest due to a higher yield and more choice for investors who needed positive yield in yen. The liquidity of the market affects the issuance of asset backed CP conduits. Ebbets Funding issued the first trades off its $20 billion shelf.

Reports on the improvement in the leveraged market in Europe in May 2005. Rise of NTL loan deal; Status of the leveraged paper issue of Eutelsat.

Reports on the condition of the Euro commercial paper market (CP) in Europe as of April 2005. Percentage of the deals accounted to euro issuance; Target deals by investors in dollars; Plans of Banco Santander Central Hispano regarding a EuroCP programme.

Assesses the financial performance of the commercial paper (CP) market in Europe as of February 25, 2005. Trading patterns in euro-denominated CP; Typical majority share of issuance recorded by national currencies euro, dollar and sterling; Information on asset backed securities programmes share of new issuance.

Reports on the growth of trading in leveraged loan deals in Europe in November 2004. Bids for the commercial paper issued by Automobile Association; Increase in the interest in leveraged cable companies; Views on the trading market.

Reports on the plan of British cable company Telewest to launch a debt deal in the European syndicated loan market. Factors that hinder investors from investing in the telecommunications market; Information on the loan launched by Cablecom, Kabel Deutschland and NTL in March 2004; Lead arrangers of the deal for NTL.

Reports on the increase in the total issuance of European commercial papers (EuroCP) for the week ended July 8, 2004. Percentage of the proposed deals that accounted to euro, U.S. dollar and sterling; Status of the sterling market on previous weeks; Institutions that issue the bulk of EuroCP and which have maintained dominant market share of deal flow.

Presents an update on the European commercial paper market as of July 2, 2004. Worth of the hybrid asset backed commercial paper (ABCP) programme from Norddeutsche Landesbank (NordLB); Credit rating of the NordLB ABCP; Purpose of the Picaros ABCP of KBC Financial Products UK.

Reports on the consequence of the decision of Standard & Poor's to downgrade the bond rating of Ford in Europe. Opinions of care dealers on the status of the company in the commercial paper (CP) market; Percentage of the company's shares in the market; Amount of the company's maturing CP.

This article focuses on the backstop refinancing deal launched by German utility RWE during the week of September 4, 2009. RWE's two billion euro refinancing was one of the lowest-yielding deals in Europe yet this year and signifies the start of a wave of refinancing launches this month. Particular focus is given to the criticisms faced by the RWE facility. A commercial paper backstop facility will be replaced by RWE's refinancing.

The article reports on Santander's decision to increase the size of its domestic commercial paper (CP) programme which was launched in September 2011. The programme's limit has been increased from 5 billion euros to 15 billion euros in May 2012. Santander declined to comment on how much is outstanding under the programme. The bank's decision to increase the size of its domestic CP programme rather than European commercial papers (ECP) had the dealers confused.

Presents data on the status of the medium term note (MTN) and commercial paper market in Europe as of August 2005. Top Euro commercial paper (ECP) issuing currencies; Top ECP issuers; Bookrunners and lead dealers included in the MTN and corporate issuance league tables.