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December 2013

News UBS to buy back outstanding bonds in public tender offer

UBS offers to buy back certain outstanding tier 2 and senior bonds for cash up to approximately CHF 2.15 billion.

December 2013

Regulation ESMA identifies deficiencies in CRAs sovereign ratings processes

The European Securities and Markets Authority (ESMA) has published a Report identifying a number of deficiencies in the processes for producing and issuing sovereign ratings at the three largest credit rating agencies (CRAs), Fitch Ratings, Moody’s Investors Service and (...)

December 2013

News Nomura and ICG Announce Agreement to Facilitate Planned Japanese Domestic Mezzanine Fund

It is planned that a fund would provide institutional investors opportunities to invest in mezzanine debt with financial sponsors and in growth/expansion capital...

December 2013

News Swiss Re’s insurance outlook for 2014/15 sees emerging markets driving premium growth

Global economic growth will continue to strengthen in 2014, Swiss Re says in its "Global insurance review 2013 and outlook 2014/15". This will support on-going premium growth in the non-life primary market, particularly in emerging markets, with reinsurance premiums (...)

December 2013

News ING completes sale of Mexican mortgage business

ING announced it has completed the sale of ING Hipotecaria, its mortgage business in Mexico, to Banco Santander (México), S.A.

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