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.

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Client Solutions

Our clients solutions team is ready to listen to your detailed marketing plans and objectives and will work hard to ensure that you can achieve them in a cost-effective and timely way.

Distribution

The breadth and depth of our existing subscriber base allows us to offer our clients customised distribution. Simply let us know what you need and we will tailor our resources and global reach to your specific requirements.

Marketing / PR

We are able to offer bespoke solutions. Just tell us what you want, from customised client sourcing services through to press campaigns and brand thought leadership.

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We hold a number of carefully chosen roundtables through the year. We ensure our sponsors can host a roundtable discussion with a panel of industry leaders and discuss a range of thought leading topics. These are then reported within the FTSE Global Markets magazine and on all our multi media distribution channels, and can also be provided as a supplement for tailored distribution to maximize the reach for the sponsor to their target audience.

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We offer a selection of seminars and breakfast briefings through the year where we ensure that our sponsors can meet face to face with their client base. Our seminars and breakfast briefings are noted for the high level of buy side attendance. We have two brands: Market Access with a particular focus on emerging markets; and Solutions which covers both regulatory and product areas.

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