LONDON, Feb 6 (IFR) - Funds are chasing bargains in UK mortgages from legacy
holders, nearly six years after the collapse of Northern Rock, and relying on
specialist debt collectors to extract value from them.
LONDON, Nov 29 (IFR) - The first underwater power transmission bond in the
UK priced on Tuesday, opening a market which could see GBP15bn-GBP20bn of
financing over the next seven years, according to arranger HSBC.
LONDON, Nov 6 (IFR) - El Corte Ingles, the largest
department store chain in Spain, has sold a securitisation deal
backed by the debts of more than 14% of the Spanish population.
LONDON, Oct 11 (IFR) - Deutsche Bank sold off the risk on
more than USD10bn of loans in CLO format at the end of
September, in a decisive shift of the bank's portfolio hedging
away from CDS and towards CLOs.
LONDON, Oct 11 (IFR) - The European Investment Bank's first
project-backed bonds have been hit hard by a statement from the
Spanish government threatening to remove the "right of
relinquishment" from the deal.
LONDON, Sept 12 (IFR) - JP Morgan is working on a
securitisation of part of its portfolio of equity release
mortgages, according to two people familiar with the deal.
LONDON, Sept 5 (IFR) - Barclays could lose the regulatory
benefit from its contingent capital notes if the PRA takes a
more a stringent line on Pillar 2 capital, which could lead to
the notes being called early or being the subject of a liability
management exercise, according to research from BNP Paribas.
LONDON, Aug 30 (IFR) - European banks are finally getting to
work on upgrading their capital buffers, on the back of the
regulatory certainty which the European Banking Authority
finally granted at the beginning of June.
LONDON, Aug 28 (IFR) - Credit Agricole has announced a
series of investor meetings across US, Europe and Asia to
discuss a possible dated subordinated contingent capital
144A/Reg S issue. A transaction may follow, subject to market
LONDON, Aug 22 (IFR) - BNP Paribas is taking part of its
commodity trade book off balance sheet, in a new deal called
Lighthouse Trade Finance 1, reviving the "originate to
distribute" business model.