Sunday 2nd 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.

Latest Video

Contact us

Contact us http://www.ftseglobalmarkets.com/
ADVERTISING

 

Chris Maityard
Global Head of Sales 
+44 (0)20 7680 5154 chris.maityard@berlinguer.com 

Marshall Leddy
Head of Sales, North America
+763 416 1980
marshall@leddyandassociates.com

Turkey

Can Sonmez

+90 216 465 01 87

Registered Office:
Berlinguer Ltd
1st Floor, Rennie House
57-60 Aldgate High Street
London
EC3N 1AL
United Kingdom

Tel: +44 (0)20 7680 5151
Fax: +44 (0)20 7680 5155
Research
 
+44 (0)20 7680 5151
mandates@berlinguer.com
EDITORIAL
Editorial Director                              Francesca Carnevale
+44 (0)20 7680 5152
francesca@berlinguer.com
New Media Manager
+44 (0)20 7680 5157

EVENTS

+44 (0)20 7680 5153
chris.maityard@berlinguer.com 
SUBSCRIPTIONS
+44 (0)20 7680 5151
subscriptions@berlinguer.com
PRODUCTION
Andrew Lawson
Head of Production
+44 (0)20 7680 5161
andrew.lawson@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