Asset swap

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Asset swap

An interest rate swap used to alter the cash flow characteristics of an institution's assets in order to provide a better match with its liabilities.

Asset Swap

A swap in which the legs are two investments, one with a fixed return and one with a variable return. For example, two investors could agree to swap bonds, which have guaranteed coupons, and an index fund, which has a return linked to the performance of some index. The counterparties to an asset swap are usually seeking favorable cash flows to fulfill their investment goals. While it is not required, debt obligations are usually at least one of the assets that are swapped.
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The SCF has not entered into any liabilities swaps for the new fixed-rate OF issuances, instead opting to amend the asset swaps structure for the programme to hedge the fixed-rate received on the underlying Belgian residential loan assets against both the post-swap floating-rate interest due on the majority of the OF and the fixed-rate due on the new OF.
The in-principle agreement involving huge asset swaps is part of a major restructuring of Germany's energy market as Europe's powerhouse switches from conventional to renewable power.
The Russian gas monopoly might also enter into asset swaps with Mitsubishi and Mitsui.
Core operating profit last year fell by 13% to PS5.73bn compared with a year ago, after a series of asset swaps with Swiss rival Novartis, which included the sale of its ofatumumab cancer treatments.
The deal with Novartis follows a previous series of asset swaps between the two companies that completed earlier this year.
Gazprom is building a global strategic alliance with energy major Royal Dutch Shell that will include asset swaps and allow the Russian gas giant to penetrate new markets, its chief executive told Reuters.
However, last week saw a rash of deals in the healthcare industry, including value-creating asset swaps involving Glaxo, Novartis and Lilly, an approach by Valeant for Botox-maker Allergan, and Zimmer's purchase of Biomet.
The 5.0% April 1 2019s priced at 98.945 for a yield of 5.2425%, in line with the guidance of asset swaps plus 155 basis point area and 177 bps over March 2019 Australian Commonwealth Government bonds.
The 5.0 percent April 1, 2019 bonds have been priced at 98.945 for a yield of 5.2425 percent, in line with the guidance of asset swaps plus 155 basis point area, and 177 bps over March 2019 Australian Commonwealth Government bonds.
Established in 1982 and based in New York, Waller Capital Partners is a boutique investment bank providing M&A advisory, private placements, asset swaps, restructurings and valuation services to the telecoms, media and technology sectors.
Specifically, exploration, development and production opportunities, debt and equity finance, asset swaps and data set exchanges will be reviewed in the course of finalizing terms.
In 2006 Gazprom and Sonatrach pledged to cooperate under a memorandum of understanding in Algeria, Russia, and overseas on exploration, production, transportation, and asset swaps.