Monday 3rd August 2015
NEWS TICKER, FRIDAY, JULY 31ST: US bond markets expect a $900m issue from the Metropolitan St. Louis Sewer District as early as next year after its rate commission voted yesterday to back the district’s plan to tap the markets. The bonds will continue financing a $4.7bn capital program required by the Environmental Protection Agency (EPA) to keep sewers in St. Louis and St. Louis County from regularly overflowing into area creeks and rivers. Already, the district has put $600m toward sewer projects in St. Louis and St. Louis County. MSD customers can consequently continue to expect annual sewer bill hikes each summer. In 2012, the average customer paid $29 monthly. This month, bills rose to an average of $41. After this bond issue, the monthly sewer bill will cost the average household $61 by 2019 - JP Morgan has hired Lebo Moropa, giving the bank its first dedicated prime brokerage and equity finance presence in South Africa, reports Securities Lending Times. Former HSBC trader Moropa has joined the bank in Johannesburg and will focus on synthetic and cash prime brokerage and securities lending, including delta one and will report to Paul Farrell in London. Moropa was a delta one trader at HSBC and has worked for JP Morgan before– Apulia Finance has informed the Luxembourg Stock Exchange of its intent to issue a securitised paper, backed by residential mortgage loans originated by Banca Apulia. The issue date is August 6th and the deal is lead managed by BNP Paribas who is also joint arranger with Finanziaria Internazionale Securitisation Group. Swap counterparty in the transaction is Canadian Imperial Bank of Canada and the clearers are Euroclear and Clearstream. Funding is at three month Euribor with a spread of 0.40% before the step up date and 0.80% after the step up date. The deal is worth a combined €170m of which €153m are Class A asset backed floating rate notes due 2043; €6.79m Class B asset backed notes and €9,84m are Class C asset backed floating rate notes – all due 2043.

About FTSE Global Markets

About FTSE Global Markets http://www.ftseglobalmarkets.com/

There is clear demand for objective, independent and authoritative analysis of the global investment markets. At a time of transformative market change, the need for accurate and reliable reporting is paramount. That’s why our readers trust and use FTSE Global Markets, either in print or online, or via apps, to ensure they stay abreast of regulations, product and service innovation and systemic market trends.  

FTSE Global Markets is written for institutional investors and provides coverage of investors and the financial and specialised firms that provide services and advice to them.The editorial covers country and political risk, new regulations and investment products and services, with a focus on the effective use of market liquidity, collateral, investment assets and analysis to augment the investment strategies employed by asset gatherers and asset managers. FTSE Global Markets provides an in-depth look at market infrastructure and the key institutions that bring about market change and (hopefully) efficiencies. Each issue provides 360 degree coverage of the investment market from the front office through to the back office: from deciding on a particular asset allocation strategy, to trading, clearing and settling securities and managing and servicing existing portfolio holdings across a wide range of asset classes.  

If you are looking to maximise your marketing reach, the client solutions specialists at FTSE Global Markets will help tailor our market access to your specific requirements. You can now utilise multiple distribution and client facing solutions: from events, roundtables and webinars through to distribution in print and apps as well as weekly e-alerts, digital, online and social media-based distribution. The reach is global; the readership is senior VP and C-suite, and the content is highly rated.  This valuable combination ensures that your marketing messages and branding reaches key decision makers in both the buy side and sell side institutions that you need to reach.  

FTSE Global Markets is published eight times a year offering the best possible comment and analysis on the world’s equity, debt and alternative investment markets. In a market-place crowded by awards, league-tables, sponsored statements and advertorials there is a real demand for unprejudiced coverage. The magazine provides editorial integrity with our high editorial/advertising mix (75% editorial to a maximum 25% advertising) and a minimum page count of 64 pages and no maximum limit.  

Contact Us

As a firm, we are committed to providing our clients and readers with an optimal service. We welcome your comments and feedback. If you would like more information about our plans, editorial calendar and services please contact:

Francesca Carnevale, editorial director

Tel +44 (0)207 680 5152

francesca@berlinguer.com

Chris Maityard, publishing director

Tel +44 (0)207 680 5162

chris.maityard@berlinguer.com 

Stuart Fear, European Head of Sales

Tel +44 (0)207 680 5163

stuart.fear@berlinguer.com

 

Tweets by @DataLend

DataLend is a global securities finance market data provider covering 42,000+ unique securities globally with a total on-loan value of more than $1.8 trillion.

What do our tweets mean? See: http://bit.ly/18YlGjP