Tag: Libor manipulation

March 04, 2014 BY Gerald Segal

ICAP raises EUR 350 million ($481M) in issue of 5-Year Notes

ICAP Notes rated investment grade BBB/Baa2 by S&P/Moody’s, yield 3.2% One of the leading global electronic brokers, ICAP (LON:IAP), is about to issue €325 million ($481 million) of five-year notes related to its latest refinancing operation. The Euro denominated 5-year notes will be listed on the London Stock Exchange on the 6th of March with…

Read more
December 10, 2013 BY Gerald Segal

German BaFin argues for Libor benchmark calculation changes

After Libor and Euribor, recent FX rates manipulation probes, EU regulators seem to be toughening up Over the weekend German financial regulator BaFin has announced that it would be in the interest of the financial markets to conduct a thorough reform to the setting of financial markets benchmarks such as Libor. Chief Executive Director Raimund…

Read more