Euribor

ICE Reports Record Levels of Trading Activity on March 13 as Markets Manage Risk

Retrieved on: 
Wednesday, March 15, 2023
Professional Services, Technology, Finance, Fintech, Networks, Internet, SONIA, ADV, COVID-19, Risk management, Intercontinental Exchange, ICE, NYSE, Intercontinental, Security (finance), Euribor

Intercontinental Exchange, Inc. (NYSE:ICE), a leading global provider of data, technology, and market infrastructure, today announced record levels of trading activity across its futures and options markets.

Key Points: 
  • Intercontinental Exchange, Inc. (NYSE:ICE), a leading global provider of data, technology, and market infrastructure, today announced record levels of trading activity across its futures and options markets.
  • On March 13, 2023, ICE hit record volume across its markets with 14.45 million futures and options contracts traded during the day.
  • SONIA, the benchmark contract for UK interest rate risk, saw a record 1.17 million futures and options contracts traded.
  • ICE’s equity indices portfolio saw a record 2.9 million futures and options contracts traded on March 13, 2023, beating the record last set on March 14, 2022.

ICE SONIA Futures and Options Reach Record Volume as Investors Return to U.K. Markets

Retrieved on: 
Monday, February 6, 2023
Professional Services, Data Management, Technology, Finance, Fintech, Networks, Central bank, Growth, STIR, Intercontinental Exchange, NYSE, Euro, Risk, European Central Bank, Yoy, Intercontinental, ICE, Security (finance), Euribor

Intercontinental Exchange, Inc. (NYSE: ICE), a leading global provider of data, technology, and market infrastructure, today announced record volume in SONIA futures and options as investors return to U.K. interest rate futures markets.

Key Points: 
  • Intercontinental Exchange, Inc. (NYSE: ICE), a leading global provider of data, technology, and market infrastructure, today announced record volume in SONIA futures and options as investors return to U.K. interest rate futures markets.
  • A record 1.147 million SONIA futures and options traded on February 2, 2023, including a record 979,561 in SONIA futures, a 19% increase on the previous record.
  • Open Interest in SONIA futures and options is up by a third since the start of 2023 at 2.758 million contracts.
  • “The record trading in SONIA reflects a return of confidence by investors to U.K. interest rate markets following the impact of the mini-budget in 2022,” said Chris Rhodes, President of ICE Futures Europe.

EQS-News: Multitude SE successfully places EUR 50 million in senior unsecured bonds

Retrieved on: 
Sunday, December 18, 2022
IDR, Euribor, Jefferies, ISIN, News, Frankfurt Stock Exchange, EUR, Growth, Fitch Ratings, Security (finance), Bond, Fitch

The net proceeds from the Bonds will, together with existing cash, be used towards refinancing Ferratum Capital Germany GmbH's outstanding bonds maturing in April 2023 (ISIN SE0012453835) (the “Outstanding Bonds”).

Key Points: 
  • The net proceeds from the Bonds will, together with existing cash, be used towards refinancing Ferratum Capital Germany GmbH's outstanding bonds maturing in April 2023 (ISIN SE0012453835) (the “Outstanding Bonds”).
  • The Outstanding Bonds will be repaid shortly after the settlement of the new bond issue.
  • Fitch Ratings has assigned an expected Multitude SE's Long-Term Issuer Default Rating (IDR) at 'B+' with a Stable Outlook and the long-term rating of the senior unsecured notes issued by Multitude SE at 'B+'/RR4 on 17 November 2022.
  • Multitude and its independent units employ over 700 people in 19 countries, and they together generated EUR 214 million turnover in 2021.

ICE Names Caterina Caramaschi as Head of Combined Global Interest Rates and Equity Derivatives Product Portfolio

Retrieved on: 
Monday, October 3, 2022
Software, Networks, Data Analytics, Finance, Data Management, Professional Services, Technology, Fintech, Partial derivative, FTSE, Euro, SVP, London Stock Exchange, KIDS, MSCI, New York Stock Exchange, SEC, Technology, Private Securities Litigation Reform Act, SARON, Intercontinental Exchange, Intercontinental, Mission statement, Annual report, Risk, LIFFE, ADV, NYSE, Contract, U.S. Securities and Exchange Commission, New, ICE, Cyprus Securities and Exchange Commission, Security (finance), Financial adviser, Iron ore, Eurozone, Euribor

Intercontinental Exchange, Inc. (NYSE: ICE), a leading global provider of data, technology, and market infrastructure, and home to the most liquid markets for trading FTSE, MSCI and multi-currency European interest rate derivatives, today named Caterina Caramaschi as head of a combined portfolio covering ICEs global interest rates and equity derivatives futures and options.

Key Points: 
  • Intercontinental Exchange, Inc. (NYSE: ICE), a leading global provider of data, technology, and market infrastructure, and home to the most liquid markets for trading FTSE, MSCI and multi-currency European interest rate derivatives, today named Caterina Caramaschi as head of a combined portfolio covering ICEs global interest rates and equity derivatives futures and options.
  • Caramaschi, who becomes Vice President, Financial Derivatives, has worked at ICE and formerly LIFFE, for 21 years.
  • She has held the role of ICEs Global Head of Equity Derivatives since December 2020.
  • Trademarks of ICE and/or its affiliates include Intercontinental Exchange, ICE, ICE block design, NYSE and New York Stock Exchange.

Mercer International Inc. Announces Completion of a New €300 Million Sustainability-Linked Term Revolving Credit Facility

Retrieved on: 
Friday, September 16, 2022
Science, ESG, Acquisition, MERC, Compliance, Risk, HIT, GLOBE, SEC, Risk management, Bank, Euribor

NEW YORK, Sept. 16, 2022 (GLOBE NEWSWIRE) -- Mercer International Inc., or "Mercer", (Nasdaq: MERC) today announced that it has successfully entered into a new 300 million revolving credit facility for its German subsidiaries with a syndicate of European banks (the "New Facility").

Key Points: 
  • NEW YORK, Sept. 16, 2022 (GLOBE NEWSWIRE) -- Mercer International Inc., or "Mercer", (Nasdaq: MERC) today announced that it has successfully entered into a new 300 million revolving credit facility for its German subsidiaries with a syndicate of European banks (the "New Facility").
  • The New Facility has a five year term, is unsecured and accrues interest at a rate of Euribor plus a stipulated margin.
  • The New Facility is "sustainability linked" whereby if certain sustainability targets are achieved, there is a reduction in the applicable interest rate.
  • The New Facility is available to Mercer's German operating subsidiaries, including after closing of its acquisition, HIT Holzindustrie Torgau GmbH & Co. KG and replaces Mercer's current 200 million revolving credit facility.

Fluidra Successfully Completes the Refinancing of Its Debt Structure and Links It to Its ESG Targets

Retrieved on: 
Friday, January 21, 2022
Construction & Property, Building Systems, Landscape, Electricity, ABL, FDR, KPI-driven code analysis, Euribor, CTX, Achievement, Solution, Integration, RCF, Industry, EUR, AUD, Climate, CFTO, USD, LMA, SM, Term, TLB, S&P, SLLP, Cryptocurrency, Bank

The terms of the TLB and RCF are linked to two environmental targets defined in Fluidras ESG Responsibility Blueprint plan.

Key Points: 
  • The terms of the TLB and RCF are linked to two environmental targets defined in Fluidras ESG Responsibility Blueprint plan.
  • As a result of the refinancing, Fluidra is upsizing the TLB, rebalancing the currency mix, and cancelling the AUD tranche.
  • The refinancing does not increase net debt, with the proceeds used to amortize existing debt (existing TLB, drawn ABL and RCF, and other debt incl.
  • This transaction simplifies our debt structure keeping only the EUR and USD tranches, while locking in current rates up to 2029.

KBRA Assigns Preliminary Ratings to Refinancing Notes of Carlyle Euro CLO 2019-2 DAC

Retrieved on: 
Wednesday, August 4, 2021
Banking, Professional Services, Finance, The Carlyle Group, Esma, Index, KBRA, Clos, DAC, CLO, Par, Central European Football League, Cov-lite, Risk, Class, Credit, Euribor, Acquisition, Financial adviser, Security (finance), Bank

The newly issued refinancing notes are expected to have the same terms of the original notes including notional balances, stated maturity and reinvestment period but are expected to pay a lower interest rate.

Key Points: 
  • The newly issued refinancing notes are expected to have the same terms of the original notes including notional balances, stated maturity and reinvestment period but are expected to pay a lower interest rate.
  • The collateral in Carlyle Euro CLO 2019-2 DAC mainly consists of broadly syndicated leveraged loans issued by corporate obligors diversified across sectors.
  • Following the assignment of the expected ratings on the refinancing notes, the ratings on Class A-2A, D and E are expected to be transferred to KBRA UK.
  • For a full view of the Key Credit Considerations and Key Document Provisions please visit Structured Credit: Carlyle Euro CLO 2019-2 DAC New Issue Report .

ICE Reports Record Futures Open Interest of 48 Million Contracts

Retrieved on: 
Friday, July 30, 2021
Banking, Professional services, Finance, Financial markets, Finance, Futures exchanges, Money, Futures markets, Economy of London, Futures contract, Intercontinental Exchange, Interest rate future, Euribor, Open interest, Richard L. Sandor

Intercontinental Exchange, Inc. (NYSE:ICE), a leading global provider of data, technology, and market infrastructure, today announced record total futures open interest of more than 48 million contracts on July 27, 2021.

Key Points: 
  • Intercontinental Exchange, Inc. (NYSE:ICE), a leading global provider of data, technology, and market infrastructure, today announced record total futures open interest of more than 48 million contracts on July 27, 2021.
  • Open interest across ICEs global environmental complex hit a record 2.86 million contracts across futures and options on July 27, up 21% year-over-year (y/y), reflecting the importance of these markets in pricing climate risk.
  • As part of this, the North American environmental complex hit record open interest of 1.13 million contracts on July 27 across futures and options.
  • Open interest in Interest Rate futures and options is up 27% y/y, with open interest in Sterling and SONIA futures and options up 36% y/y and by more than 200% y/y, respectively; Euribor open interest is up 11% y/y; and open interest in ICE Gilt futures and options, the highly liquid market benchmark for UK Government Bonds, is up 38% y/y.

Former CFTC Chief Trial Attorney Anne Termine Joins Bracewell in Washington, DC

Retrieved on: 
Tuesday, June 29, 2021
Money, Finance, Interest rates, Financial services, Commodity Futures Trading Commission, Bracewell LLP, Libor, Bracewell, Euribor, Derivative, Futures contract, CFTC

WASHINGTON, June 29, 2021 /PRNewswire/ --Bracewell LLPannounced today that Anne M. Termine, a former chief trial attorney at the Commodities Futures Trading Commission (CFTC), has joined the Washington, DC office as a partner in the government enforcement and investigations practice.

Key Points: 
  • WASHINGTON, June 29, 2021 /PRNewswire/ --Bracewell LLPannounced today that Anne M. Termine, a former chief trial attorney at the Commodities Futures Trading Commission (CFTC), has joined the Washington, DC office as a partner in the government enforcement and investigations practice.
  • Termine joins Bracewell from Covington & Burling LLP, where she led the futures and derivatives practice and was a member of the white collar defense and investigations practice.
  • Termine notably designed and spearheaded the landmark CFTC enforcement program involving the manipulation and false reporting of LIBOR, Euribor and TIBOR.
  • Termine is the 12th partner or senior principal to laterally join Bracewell since the start of 2021.

DGAP-News: FIVEN ASA: Successful placement of new bond

Retrieved on: 
Thursday, June 10, 2021
Finance, Money, Financial markets, Bond, Euribor, Corporate bond

Fiven ASA ("Fiven" or the "Company") announces today that the Company has successfully placed a sustainability-linked senior secured bond loan in an initial amount of EUR 70 million within a total framework of EUR 125 million.

Key Points: 
  • Fiven ASA ("Fiven" or the "Company") announces today that the Company has successfully placed a sustainability-linked senior secured bond loan in an initial amount of EUR 70 million within a total framework of EUR 125 million.
  • The bond has a tenor of three years and carries interest at an annual rate of 3 months EURIBOR plus 685 basis points.
  • Fiven intends to apply for listing of the bond on the Corporate Bond List of Nasdaq Stockholm.
  • The placement constitutes the first EUR-denominated sustainability-linked bond by a sponsor-backed issuer in the Nordic bond market and illustrates Fiven's strong commitment to reducing the environmental impact of its operations.