Issues

◆ The consequences of sovereign retail bonds ◆ Asset managers alter covered bond landscape ◆ Ramadan drives Gulf deal surge ◆ One word: plastics

Leveraged companies moving away from LBO capital structures are choosing loans for competitive pricing and flexibility

Sterling issuance has all but evaporated in recent weeks despite evidence of structural demand from UK investors. Even domestic issuers have snubbed the currency but suggest that some euro funders could be lured back

Why lock in a high spread just because primary conditions are stellar?

European primary market activity has thrived this year with the central bank gone from the market

DMO set to encourage retail bid as chief warns culture shift will take time

New investor base hungry for periphery and non-standard covered products

Some fear over-regulation, others welcome level playing field

Negative concessions and bumper books swapped for getting stuck at IPTs and paying double digit premiums

◆ Eight foreign banks raise more than $18bn in three days as BMO adds another $1bn to multiple perps ◆ M&A funding also boosts February FIG volume to over $50bn ◆ Slow down felt by Thursday as spreads widen

Germany SSA repricing needed but will Länder have to cheapen, or does KfW have room to tighten — and when?

JP Morgan’s top banker in Europe is known for his determined style and will not shy from the big decisions needed for Citi to deliver on its plan