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The article reports on a 100 million U.S. dollar block of British prime paper that traded to mostly U.S. accounts in October 2011. The activity is considered a sign of a sustained U.S. bid for British prime paper. It is noted that the deal is built mostly of bonds from larger British master trusts that include the Arkle and Permanent vehicles of the Fosse and Lloyds Banking Group of Santander U.K.

The proceeds will be used to repay three existing bonds series, as well as pay down commercial paper and credit line debt of the real estate investment trust, formerly known as Land Securities. [ABSTRACT FROM AUTHOR]

Reports on the return of Southern Pacific Mortgage Lenders and GMAC to the structured finance sector in Great Britain March 2003. Worth of bonds issued by the companies; Overview of non-conforming deals launched; Securitization launched by GMAC.

Interviews Andy Longden, group treasurer of British Telecom, on the launching of its euro and sterling-denominated bond issue and the challenges his company faced in funding its projects. His view on the success of the bond issuance; His statement on the performance of their investment banks; Extent to which investors vary from one country to the other country.

The article reports on the bond issued by GKN, a maker of parts for vehicles and aircraft in Great Britain on September 12, 2012. It was the first bond launched by GKN for 10 years. Other corporate bond issuance in British pounds during the week include Amgen, DirectTV and Intermediate Capital Group. It describes the structure of the 10 year benchmark note from GKN.

Presents information on negotiable instruments. Discussion on Republicans policy of avoiding punitive legislation against the use of financial derivatives in the U.S.; Importance on the proper use of financial derivatives; Role of derivatives in hedging risks; Reactions to some new financial instruments; Information on corporate borrowers; Discussion of Great Britain's victory over France in the 18th and 19th centuries; Observation that new forms of financial paper can increase capital efficiency; Pioneers in banking; Development of capital market that enabled Great Britain to issue bonds.

The article reports on several bids-wanted-in-competition (BWICs) that hit the market on October 2, 2012, including a large list of sterling denominated British prime residential mortgage-backed securities (RMBS) bonds. A trader said that a large clip of Granite sterling bonds was particularly sought after on the bid lists. Commercial mortgage-backed securities (CMBS) paper was also shown in the bid lists.

A letter to the editor is presented in response to the article "Bargains in Britain" in the October 1, 1960 issue.

The article offers updates on bonds issued in sterling as December 9, 2005. Strategic plan contributed to choice of maturity of the deal of Clydesdale Bank. Central banks have purchased a percentage of the bonds issued by Eurohypo Luxembourg. The bond issued by GE Capital UK Funding was marketed to British accounts. Clients of ING Verzekeringen NV appreciated the coupons it issued. Royal London Finance Bonds PLC was satisfied to the results of its transaction.

(Bloomberg) -- The UK's pension sector created the modern gilt market. "Although the BOE interventions this week have served to calm markets and regain a sense of composure, I don't think it materially alters the net supply outlook, which is really the driving force behind higher yields.". [Extracted from the article]

The UK's green bond sale has already pulled in more than £24 billion ($25.7 billion) of orders as investors snap up yields at their highest since 1998 amid a market meltdown. IMF Tells UK to Rethink Tax Cuts as Moody's Says Rating at Risk The new sale is for green bonds, which fund environmental projects and typically pull in strong demand thanks to interest from specialist ethical funds. [Extracted from the article]

The article reports that Bank of England has implemented a new £50 billion special liquidity scheme (SLS) which includes primarily Great Britain and European triple-A cash residential mortgage-backed security (RMBS) and covered bonds. The new scheme will allow participating banks to temporarily swap their triple-A rated mortgage-backed securities (MBS) and other securities for Treasury Bills (T-Bills).

The article presents news briefs on international bonds issued in sterling. It is stated that Great Britain which is accounted for 85% of the floating paper dominated the deal from Australia & New Zealand Banking Group Ltd. It is said that the deal from Bouygues SA shows that borrowers can issue in currencies other than euro. The maturity of the bond issued by Next PLC is on October 12, 2016.

Reports on HypoVereinsbank's launching of the first euro-denominated collateralized loan obligation (CLO) called Geldilux 99-1 Ltd. in Great Britain. Popularity of the CLO among buyers looking for highly rated liquid paper; Alliance with Goldman Sachs in achieving pricing of over interbank rates; Superior characteristics of Geldilux over other CLOs.

The article reports that Great Britain's syndication of a 55 year Gilt exceeded expectations despite the volatility in the global rates markets. The bond deal was the third largest in a British syndication during its joint second fastest bookbuild. The 2068 paper was priced by Barclays, Lloyds, Nomura and Royal Bank of Scotland. Barclays European corporate syndicate head Marco Baldini comments on the result of the deal.

The article offers information on the bond issued by Great Britain's Co-operative Bank PLC on October 16, 2012. The bond's maturity date is on October 23, 2015 and joint books were handled by BNP Paribas, UBS, Natixis, and JP Morgan. It mentions the bank's existing senior unsecured paper that is denominated in sterling September 2017s. The involvement of investors from France, Germany and the rest of Europe is also mentioned.

The article reports that the lack of prime asset back security (ABS) bonds has caused an increase in trading in non-triple A assets due to the growing preference of investors for higher yielding asset classes in Great Britain. Bonds that did not participate in the trading market include non-conforming residential mortgage-backed security (RMBS) and commercial mortgage-backed security (CMBS). The reasons for the growth in non-triple A assets cited by traders are mentioned.

The article reports on the emergence of bids wanted in competition (BWIC) built mostly of bonds from Bradford & Bingley's British buy-to-let and non-conforming residential mortgage-backed program Aire Valley Master Trust on March 15, 2012. According to market sources in London, England, the name could become a much more liquid bond. Market participants are reportedly watching carefully Aire Valley since it could potentially breach a non-asset trigger in several months' time.

The reports that covered bondholder claims should not be affected by bank bail-ins, according to the British Financial Services Authority (FSA) and Her Majesty's Treasury. On April 6, 2011, a joint review and consultation paper was published by the FSA and Treasury which highlights the exclusion of covered bonds from bank bail-ins. Proposals of the draft include consistent standards of investor reporting, designation of whether programs are supported by a single asset type or mixed assets, and the development of a formal role for the asset pool monitor.

This article reports on the launch of a dual tranche bond by Tesco in Great Britain in February 2009. Tesco took advantage of the strength of the sterling market when it launched the bond, but it was faced with a pricing conundrum given the pricing differential between sterling and euro spreads. Andrea Cicione, a senior credit strategist at BNP Paribas, said the relative strength in sterling corporates can probably be explained by the Bank of England's Asset Purchase Facility starting to work.

This article offers information on the bond issued by the Republic of Turkey on September 4, 2008. It is worth $1.5 billion and will mature by March 11, 2019. Deutsche Bank and UBS acted as joint bookrunners in this deal. Turkey's outstanding 2018s were yielding around 6.72% when the new issue was announced, while the 2020s were at 6.88%, implying a new March 2019 should come around 6.8%. Turkish names took 38% of the paper, U.S. 33%, Great Britain 20% and Europe 9%.

The article offers information on bonds issued by Mapfre SA on July 19, 2007. The transaction has attracted 60 investors. Forty percent of the paper was sold to British investors while the rest went to other countries such as the Netherlands and France. The securities traded 2bp tighter on the break following pricing.

The article reports on the claim of the trustees of bonds for British retail and credit checking group GUS that its 2013 paper would be in default if a proposed de-merger of the company's two parts push through. The holders of the 2013 bonds have rejected a recent proposal by the company to change the terms of the existing term. It is said that the 2013 bonds would be considered by HSBC Trustee Ltd. to be in default only if the GUS's shareholders voted in favor of the de-merger.

Focuses on Great Britain's insolvency law reforms for high-yield bonds. Provisions under the law; Effect of the law on controversial administrative receivership system; Advantages of the law for unsecured bondholders.

The article reports on the business performance of the world's covered bond market in 2007. It notes that the market shows no signs of downturn, despite its tremendous growth for the past five years. It cites the impact of global credit market turmoil in August 2007 on the covered bond market. Also cited is the move of Great Britain to look for new ideas with HSBC's initiative of a covered bond fusing covered bond and securitisation techniques, while Ireland has made the first covered bond backed by commercial mortgages.

Reports on Helaba International Finance PLC's launch of a sterling-denominated bond issue on January 28, 1999. Rating; Amount; Maturity date; Issue price; Bookrunners' comments.

The article reports on the international bond issued by insurance company Aegon on December 10, 2009. It notes that Aegon has allotted 40 million British pounds for the bond which was participated by Barclays Capital, Deutsche Bank and JPMorgan. It reveals that Great Britain got 85% of the investor base while 90% of the paper was taken by insurance companies, pension funds and asset managers. It also mentions that some demand came from investors based in Germany, Switzerland and Nordic countries.

Focuses on the Dawes Plan to settle the payment of German reparations. Lack of export surplus in the country; Insistence of France and Great Britain that the question of reparations and debts owed by the Allies should be considered jointly; Suggestion that a smaller total of reparations for cash payment should be made through a bond issue of possible size; Abandonment of the plan to sell German railroad and industrial bonds to American investors and to use the proceeds for the German reparation debt in one grand cash payment to the Allies.

The article presents information on bonds issued by several international companies in Great Britain. Bank of America Corp. has issued £500 million lower tier two capital which will mature on November 9, 2016. Bank of Nova Scotia has issued £500 million which will mature on November 20, 2009. BMW Finance NV has issued £300 million which will mature on November 21, 2013.

The article discusses the developments in the asset-backed security (ABS) market. It claims that it is easier to finance senior unsecured bond than double-ABS that could be partly due to the British Treasury's Funding for Lending Scheme (FLS). It cites the move by Leeds Building Society to issue and retain an 897 million pound Albion No. 1 residential mortgage-backed securities (RMBS).

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 bond deals of energy firms in 2009. National Grid and Scottish and Southern Energy have attracted retail investors from Great Britain and other European countries. A total of £1.1 billion was printed from two offerings of National Grid. Scottish and Southern Energy raised £700 million worth of five-year security.

The article reports that prices of tier one bonds went down as investors fear coupon deferrals. The decision to replace the £5 billion of Royal Bank of Scotland preference shares held by the British government into ordinary shares was seen as the main trigger for the collapse in prices, in particular in banks' paper in Great Britain. On the other hand, the Anglo Irish Bank has been nationalized.

The article focuses on a five-tranche bond deal issued by Enel. The transaction came on the back of the acquisition of Endesa by Enel. It notes that the issuer's decision to split the deal in two currencies has added interest to the transaction. It mentions that the sterling note was mainly placed in Great Britain taking 95 percent of the paper.

The article provides an overview of the performance of the non-conforming residential mortgage-backed securities (RMBS) market in Great Britain as of May 2007. Transactions that joined the market include the £415 million Ludgate Funding 2007-FF1 for Merrill Lynch's Freedom Funding and UBS's debut issue from the EuroMASTR platform. One of the factors that forced WestLB to print the triple-B tranche at 115 basis point (bp) over London Interbank Offered Rate (Libor) was a reduced pool of investors.

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.

Reports on a debt deal issued by British life insurance company Legal & General in March 2004. Details of an order book of Lehman Brothers covering the deal; Use of the Aviva bond issue in the deal; Factors that contributed to the strong demand for the bond.

Presents news briefs on covered bonds in Great Britain, as of February 2004. Information on a September 2006 public sector Pfandbrief launched by Berlin-Hannoversche Hypothekenbank; Maturity for the public sector jumbo of Hypothekenbank in Essen; Bookrunners of the one billion Euro public sector Pfanbrief of Münchener Hypothekenbank.

The article reports on the plan of the British government to convert its gold dollar bonds as a way to counterbalance interest reduction from 5.5 percent to 2.5 percent. The outstanding dollar gold bonds are worth over 136 millions U.S. dollars. The government has asked bondholders to accept new bonds and payment in dollars. The profit and loss that bondholders will incur if they convert their dollar bonds are discussed.

In Europe, CLO sales have dropped in recent weeks, and in the US, CLO spreads have flared wider, boosting funding costs for money managers putting together the deals. But with Nochu backing out again, a critical buyer is gone, potentially slowing down CLO sales, money managers said. [Extracted from the article]

The article reports on the bond issue of 300 million British pounds by Rabobank Nederland on July 27, 2010. The issue, lead managed by HSBC and Rabobank, was reportedly oversubscribed because of its appeal to British life funds and its AAA rating. Analysts said that the positive sentiment in the capital markets after the publication of the European bank stress tests and the funding in sterling helped sell the bond issue.

The article presents information on the bond issue of Groupe BPCE. The bond, which received a rating of a Baa3/BBB−, amounted to 1 billion euros of hybrid tier one capital. It is a perpetual bond that is jointly managed by Barclays Capital, Credit Suisse and Natixis. According to its bookrunners, the deal received strong support from traditional big tier one players. it was sold to Great Britain, France, Switzerland, Italy, among others.

The article discusses the market perception on the sterling bonds issued by United Business Media. According to bookrunners, a few portfolio managers believe the deal of the international business to business media group to be risky. It reveals that over 80% of the deal went into Great Britain. It also notes that the bookrunners have priced the deal at 325 basis point (bp).

The article presents borrower's and bookrunners' comment on the bond offering of Network Rail Infrastructure Finance. The borrower's funding need for fiscal year 2008 is around £6.5 billion (bn) and they have raised £2.3bn, which includes the sterling four year, the five year dollar and now the £650 million (m) tap. To raise £650m at 30bp over in a tough market is a fantastic achievement for Network Rail and testament to the breadth and depth of the issuer's franchise with the real money accounts in Great Britain.

Reports on the release of Great Britain's third structured covered bond issues. Involvement of Northern Rock and Bradford & Bingley in the structured covered bond program; Increase in Northern Rocks's inaugural issue after bids reached three point five billion; Emphasis on the structured bonds in the Great Britain law.

The article reports on the seven billion euro bond issue that was launched by the European Financial Stability Facility (EFSF) on November 27, 2012. The lead bookrunners of the deal are JP Morgan, Morgan Stanley and Natixis. The geographical distribution of the deal includes 41% to the Euro area, 20% to the Middle East, and 11% to Great Britain.

The article reports on the 500 million euro bond issue that was launched by Hannover Re on November 13, 2012. The joint bookrunners are Commerzbank, JP Morgan, UniCredit and Société Générale. The geographical distribution of the deal include 30% in Great Britain/Ireland, 19% to France, 3% to Italy and 8% to Switzerland.

The article presents information on the Eurobond issued by Wells Fargo & Co. on September 5, 2012, which was arranged by Barclays, Deutsche Bank, Goldman Sachs and Wells Fargo. The issuance was made amid a scarcity of sterling curve in primary supply, and a decision from investors to focus on the market. Market analysts believe that the company's name is respected in Great Britain as a successful executioner of this type of deal.

The article reports that several corporate treasurers have raised their concerns over the emergence of self-arranged deals for corporate bonds in Great Britain. Several issuers are attempting to offer self-arrange bonds because of the growing demand for corporate bonds. Another factor contributing to the increase in self-arranged bonds is the preference of buyers to the disintermediation of banks in the corporate bond market to achieve value in their transactions.

The article reports on the fifth bond issue that was launched by the British airports group BAA in 2012, in which it generates 95 million pounds by tapping its index-linked bond. The deal was managed by RBC Capital Markets and the Royal Bank of Scotland. BAA is the owner of the Heathrow and Stansted airports in Great Britain.