Issue 1728

Cover Stories

ESG agenda has anti-emerging markets bias baked in

UK takes a lead with mandatory carbon transition plans

Bankers under pressure to load up on ESG staff

Rental car securitization enters climate change era with Hertz-Tesla deal

Equity capital markets struggle to showcase ESG on way to green transition

Banks step up sale of ESG bonds to meet funding targets

Leader

The PRA is taking the right steps on climate risk

Discipline needed if GFanz $130tr is to affect climate change

Public Sector

BoE holds nerve but still ahead of Fed and ECB on road to raising rates

CIF to enter bond markets to speed up transition

EU cuts Next Gen funding with no more syndications or bond auctions in 2021

Bond Comments

Covered Bonds

EBA now a ‘key player’ in mortgage market for crises, says covered bond boss

Financial Institutions

Banks size up November for pre-funding opportunities

NatWest spies opportunity for first sterling green bond

Danske prints record low yield with euro senior bond

UK edges towards new capital regime for climate risk

Goldman follows MS into euro senior market

Bond Comments

Securitization

RMBS, CLOs and ABS keep securitization mart abuzz

Irradiant wastes no time in pricing second CLO

Equity commitment fuels new Muzinich CLO platform launch

Kensington adds to RMBS pipeline as CLOs pricings mount up

Corporate Bonds

JDE Peet’s pays NIP as investors hang on for supply surge

Natural order disturbed in investment grade corporate bonds

IG corporate investors prefer maturity extremes

Atos connects to SLB network

US bond bankers use tapering as reason for companies to issue

Otis finds demand at each level for M&A debt

High Yield

SIG launches euro high yield deal to repay PPs, loans

Syndicated Loans and Leveraged Finance

Faurecia launches chunky ESG-linked Schuldschein

Arcmont closes second senior loan fund at €5bn

Lottomatica set to cough up 8% for divi deal

Dalata pushes out looser loan covenants

Electrocomponents takes SLL plunge

Emerging Markets

Fed clears path for CEEMEA bond print sprint

NPC Ukrenergo goes green for bond debut

EGE Haina notches $300m SLB

FAB goes tight with green Swiss deal

Equity

BlackRock dumps THG stock as concerns mount

Vitruvian sells Darktrace block after shares fall

Convertible bond issuance grinds to a halt despite equity bull market

Mercury Retail Group to raise $1.2bn via IPO

Market News

Thriving Nordic markets boost earnings, attract competition

EIB to push clients to Paris alignment as MDBs promise step-up

GFanz becomes new oversight body for climate finance

Banks were right to splurge on staff this year

CS prime brokerage exit obscures strong IB numbers again

People Moves

SMBC brings in Morgan Stanley stalwart as deputy head of capital markets

Westdijk to take over rejigged BNG funding division

ICG’s head of European direct lending to retire

New roles revealed for Kupfer and Reusch at UniCredit

Alcentra bolsters ESG team, citing 'turning point' for credit

Kiselev steps up again at SG as Arnaud takes Middle East job

KommuneKredit merges sustainable finance into funding team

Southpaw

Barclays' investment bank shrugs off Staley departure