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Financial News: Dollar Pricing Entices European Bond Issuers - Wall Street Journal

Financial News: Dollar Pricing Entices European Bond Issuers
Wall Street Journal
Melissa Smith, head of high-grade debt capital markets for Emea at JP Morgan, told Financial News: "High-grade issuers in Europe are looking to the Yankee market [where non-US issuers borrow in the domestic dollar market] not just because of the ...

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Dollar bond market lures European corporates - Reuters

Dollar bond market lures European corporates
Reuters
By Danielle Robinson May 3 (IFR) - GlaxoSmithKline Capital locked in the lowest coupons any UK company has ever achieved on US dollar bonds this week, leading a flurry of European corporates to the Yankee market. Swamped with more than US$15bn of ...

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JPMorgan trading loss an upset for big US bank credits - Reuters

JPMorgan trading loss an upset for big US bank credits
Reuters
But as soon as JPM revealed its 'nasty surprise', as Moody's called it, the big four have reverted back to being the most volatile sector in the investment grade bond market. From May 10 to May 15, the average of the big four's five-year CDS has ...

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Global bank bond issuance falls - Financial Times

Global bank bond issuance falls
Financial Times
Global bank bond issuance has fallen to its lowest level in seven years, underscoring the impact the eurozone crisis and tougher regulatory environment is having on the way banks operate. Banks have raised just $523bn in the bond markets so far this ...

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Global Borrowers Enticed By Rates In US Corporate-Bond Market - Wall Street Journal

Global Borrowers Enticed By Rates In US Corporate-Bond Market
Wall Street Journal
Barclays notes that 72% of May supply has been from Yankee borrowers--non-US companies issuing in US dollars--versus 45% year-to-date. These foreign borrowers are looking to the US debt markets to reduce exposure to bank loans and extend out their debt ...

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