Issue 1731

Cover Stories

Corporates take premium hit as spreads tipped to soar next year

EC proposes ‘consolidated tape’ to boost capital market transparency

No flapping for Turkey bond issuers yet but fears grow

Overview — Covid and the capital markets: Virus shines a light on finance’s diversity failings

Leader

El Salvador’s volcano bond — where froth becomes lava

Retail investors will be biggest winners from a consolidated tape

Public Sector

Kommuninvest exits Uridashi bond market

SFIL prices in line with guidance as euro SSA demand dwindles

JBIC preps green bonds for 2022

UK achieves solid result to extend Gilt linker curve

Bond Comments

UK GBP1.1bn 0.125% Mar 73 linker

Covered Bonds

Société Générale and Rabobank scoop size with defensive covered deals

Rates market becomes vulnerable to bigger swings

My Money Bank to take on HSBC’s covered paper

Crédit Agricole lands rare public sector covered deal at fair value

Financial Institutions

FIG flood abates as liquidity drops in dollars

Household FIG names pay up for chance to pre-fund

Bond Comments

Securitization

NPL securitizations to ‘reignite and grow’

White Oak sets up ABS shelf as Barclays issues £4bn CLO

Seniors on ABS pair land wide as new UK RMBS guidance announced

Corporate Bonds

Renault and Kerry show market still open

Lendlease limps through sterling

December supply in US bonds rests on a knife edge

Maersk bond enters uncharted waters of green shipping

EDF goes big for first green bond in years

TDF Infrastructure draws big audience for LM show

Lanxess squeezes on spread with debut SLB

High Yield

Varied high yield fare in run-up to Thanksgiving

Syndicated Loans and Leveraged Finance

Hafslund Eco nets refi as market winds down

Intertek launches USPP as market closes year on positive note

UGI targets HY and IG accounts in fresh bond sale

Finastra adds new rates to Libor calculator

Emerging Markets

Russian punishments feared by western bondholders

Gerdau to repurchase $389m of bonds

January set for emerging market bond rush

Outside tables only please! LatAm issuers receive DCM bankers again

Investor worries erupt over El Salvador’s Bitcoin bond

Brazil inspires hope for LatAm bond market despite investor caution

İşbank pulls in pricing for sustainable RCF

Equity

Frey launches €102m rights issue as CEO targets return to 'real life'

Saudi exchange operator Tadawul covers IPO

First US-style Spac in London sparks revival of hottest ECM trend

EU looks to make IPOs cheaper for small companies

Compleo Charging Solutions launches rights issue for M&A

VGP raises equity after stock surges 100% in a year

Market News

Overview — Covid and the capital markets: Digitalisation in a time of coronavirus

The debate is (partly) over: flexible working wins

HSBC pushes ahead with UK mid-market build out

People Moves

Deutsche Bank picks Moelis banker for gaming, lodging and leisure

Sweden’s DMO chief heads to SEB

Deutsche Bank nabs two MDs for UK corporate broking team

Amundi appoints new head of European bank loans

Southpaw

Houlihan muscles its way into Europe’s M&A elite