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.

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TriOptima hires Ken Nishimura as head of TriOptima Japan

Tuesday, 10 January 2012
TriOptima hires Ken Nishimura as head of TriOptima Japan TriOptima, an ICAP group company that provides OTC derivatives infrastructure services, says Ken Nishimura has been appointed the head of TriOptima Japan. Nishimura will manage the continuing expansion of the firm’s client relationships in Japan as well as the day-to-day operations of its Tokyo office.  http://www.ftseglobalmarkets.com/

TriOptima, an ICAP group company that provides OTC derivatives infrastructure services, says Ken Nishimura has been appointed the head of TriOptima Japan. Nishimura will manage the continuing expansion of the firm’s client relationships in Japan as well as the day-to-day operations of its Tokyo office. 

Nishimura will report to Yutaka Imanishi, chief executive officer of TriOptima Asia Pacific. Since the opening of the Tokyo office in 2009, TriOptima has witnessed significant growth in the participation of both Japanese and global financial institutions in its core services, triReduce for portfolio compression and triResolve for counterparty exposure management and portfolio reconciliation.

Prior to joining Nishimura served as a director of Advantage Partners Group and worked in business development and risk management at GE Capital Japan.  He also worked in various roles at Normura Securities Co. and Nomura International focusing on the swap and structured product areas.        

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