Search

Focuses on the developments in the residential mortgage backed securities (RMBS) market in Great Britain as of January 2005. State of the securitization market in Europe in 2004; Performance of the RMBS market in Italy; Decision of several German banks to offload bad loans.

The article presents information on the bond issue of Barclays Bank. The bond, which has a rating of Aa3/AA−/AA−, is valued at 1.5 billion euros. It is due to mature on March 18, 2015 and is lead managed by Barclays Bank. According to its bookrunner, the books of the deal went under 3 billion euros and they received 250 orders. They received solid support for the 1.5 billion euro value of the deal. It was distributed to Germany, France, Italy , Great Britain, Spain and Benelux.

The article reports on the €2.4 billion of senior paper in euros and sterling launched by international industrial gases company Linde in the corporate bond market. It mentions that the great demand for the euro tranches came from Germany and Great Britain while the sterling tranches also attracted investors outside Great Britain. It notes that despite limited trading which resulted from the late pricing of the issue, both euro tranches earned 1 basis point (bp) tighter during the closing.

The article reports on a bond transaction launched by KBC Ifima on January 25, 2008. The deal is valued at 500 million euro and will mature on January 25, 2010. According to a bookrunner's comment, the deal is an exciting transaction especially given that this is the first FRN benchmark priced in the public market since October 2007. The deal was received well in the market, and Great Britain, Germany, Austria, Belgium and France were the main buying regions.

The article focuses on the €500 million bond deal issued by Kaupthing Bank on June 14, 2007. The maturity of the deal is on June 29, 2009. The transaction was initially launched at 20 basis points for a maximum €500 million trade. The biggest orders for the deal came from Germany, Great Britain and France.

The article looks at how sovereign debt managers are balancing the importance of transparency and predictability and innovative or alternative issuance techniques. According to debt managers, the size of a sovereign's borrowing programme can militate against innovation at either end of the spectrum. the Dutch Direct Auction (DDA) method has been adopted by several countries, such as Great Britain and Germany.

The article presents information on a bond issued by Barclays Bank. The 2-billion euro bond was launched on January 13, 2010 and will mature on January 20, 2017. According to bookrunners, 65% of the issued bonds were distributed to three biggest buyers in France, Germany and Great Britain. They also noted that asset managers, insurance and pensions acquired the greater part of the deal with only 26% went to banks.

The article focuses on the 1.25-billion € bond issued by Crédit Agricole SA on October 11, 2012, which was arranged by Crédit Agricole CIB. According to the bookrunners, there was a strong demand for the bond in the secondary market despite the credit rating downgrade received by Spain. The bond was ditributed in France and Benelux and investors made deals in Germany and Great Britain.

The article offers information on the one billion euro that was launched by NRW.Bank on May 10, 2011. The issue, which will mature on May 17, 2016, was jointly booked by Commerzbank, DZ Bank, UniCredit and the Union Bank of Switzerland. The geographical distribution of the issue is also cited, including in Germany, Great Britain and Asia.

The article reports on the four-year bond deal launched by Spanish bank Santander. It describes the worth of orders received by Santander through joint lead managers Crédit Agricole and Deutsche Bank. Details about the financial background of Santander are presented. It is added that majority of orders came from countries including Germany, France, and Great Britain.

The article presents information on the bond issue of Deutsche Telekom International Finance. The bond, with a rating of Baa1, is valued at €2 billion. Its joint bookrunners are BNP Paribas, JPMorgan and Royal Bank of Scotland. According to the bookrunners, Germany took almost half of the allocation, followed by Great Britain and France. The bonds were issued in €1 thousand denominations and so of course there was strong interest from retail accounts.

The article reports that Deutsche Bank is marketing a partially funded static CDO of European ABS. The €729 million Galileo Euro ABS CDO 1 references 73 securities. Some 42.4% of the pool consists of prime RMBS, 38.4% consists of non-conforming RMBS and the remainder comprises CMBS. Great Britain provides 43.9% of the portfolio, Spain 32.9%, Germany 6.9%, Ireland 5.4%, France 2.7%, the Netherlands 1.4% and pan-European portfolios 6.9%.

This section offers news briefs leveraged loans as of July 20, 2007. France-based restaurant chain Buffalo Grill had its deal signed by 10 banks and nine finds following an oversubscription. Germany-based packaging group Klöckner Penteplast had its deal allocated with a €700 million term loan B which pays 250 basis points (bp) over 8-½ years. British ferry route operator Red Funnel had launched its £135 facility with HSBC as its mandated sole lead arranger.