Lloyds Bank
-
Kurt Geiger, the luxury UK shoe retailer, is holding bank meetings on Friday for a £150m buyout facility backing its £245m acquisition by Cinven from Sycamore Partners. -
Cardiff University has mandated three banks for its debut bond, the latest offering in a run of debt issuance from the UK higher education sector, writes Ross Lancaster.
-
UniCredit has offered to buy back up to €1.8bn of subordinated bonds mainly held by retail investors for the third time this year, as it looks to clean up its capital structure.
-
Europe’s corporate bond market may be in a shabby state, but bankers are expecting a crop of public and private deals from a prestigious group of borrowers: UK universities and charities, write Rob Cooke and Toby Fildes.
-
The European primary market has been left almost bare this week, as a run of gloomy headlines weighed on secondary performance and left investors cautious.
-
Lloyds Banking Group was the only FIG issuer to brave the senior unsecured dollar market this week as Wall Street’s biggest banks postponed their traditional post-earnings dash and issuance stalled at a seven-year low.
-
Compagnie de Financement Foncier had been expected to open books for a 10 year benchmark on Wednesday, but postponed the deal blaming market conditions. Rival bankers said the long tenor was the wrong choice for the weak market.
-
UK banks could look to stockpile their funding in 2016, as the country’s forthcoming EU membership referendum will cause capital markets to snarl up later in the year.
-
Crédit Agricole issued the one and only covered bond of the week on Thursday and showed that it is possible to get a strong outcome in a tough market.
-
As two senior Loan Market Association members leave the loan market, one will relinquish his role at the LMA while the other will stay on.
-
A corporate bond syndicate banker has been made redundant by Lloyds Bank.
-
Lloyds, Dexia Crédit Local and Wells Fargo have all sought dollar funding this week, turning away from a bare European market to take advantage of a brighter tone in the US after bank results.
