Issue 1490

Main

Leader

Le Pen is flightier than the Tories

Leave the Fed alone

Public Sector

News

Dollars still red hot for SSAs as EIB and KfW tipped to come

SSA, covered borrowers left to sweat over French election

Call for Green Bond Principles to clarify eligible assets

Bond Comments

Ontario USD2.5bn 2.4% Feb 22

FADE EUR1bn 0.625% Mar 22

Covered Bonds

News

Election jitters start to send French covered bonds into disarray

Covered bonds to continue hot Q1 streak

PBB gets quick covered execution with five year

Brazil consults on covered bond legislative draft

Bond Comments

Financial Institutions

News

Mixed fortunes in euro tier two market as caution builds

SEB to kick off FIG green issuance in 2017

Society of Lloyd’s buoyed by huge sterling book

TLAC evolution: BoA brings fixed to FRN first

Bond Comments

Bank of America EUR1.25bn 0.736% Feb 22

BBVA EUR1bn 3.5% Feb 27 tier two

Crédit Mutuel Arkéa EUR500m 3.5% Feb 29 tier two

Society of Lloyd’s GBP300m 4.875% Feb 47 tier two

Securitization

Asset Backed Securities

SoFi hits primary with first dual-compliant MPL deal

News

Investors pile into Mosaic solar loan ABS

US CLO managers push refis as primary stalls

Upstart issuer readies debut MPL ABS deal

RMBS, covered bond spreads converge — JPM

Rare turboprop deal enters busy aircraft pipeline

Deutsche Bank sells first European CLO of 2017

RMBS market embraces new STACR structure

Bumper 8 thrives with swollen sterling book

Residential MBS

Buy-to-let behemoth creeps closer as Cerberus slips out

Structured Credit

Derivatives

FSB sets out CCP resolution guidelines

TP ICAP makes data push with first buyout

Blame and begging as market bleats for margin reprieve

Corporate Bonds

News

Marcolin speeds up floater following LVMH JV

Bond market ready for more hybrids after Porr’s perpetual

SGS serves up nines to hungry Swiss market

Swiss money markets turn to Aduno in ‘crazy situation’

Louis Dreyfus raises €400m bond at second try with €1.7bn book

Auchan sells first bond since downgrade

Investors like Unilever ‘aggressive’ sterling return

US Inc shuns repatriation play with megadeals

Bonds Comments

High yield

MTNS and CP

News

Bond Comments

Syndicated loans and leveraged finance

Big Turkish reprice as Akbank sets tone

Opacity of Glencore-QIA Rosneft deal worries lenders

Investment grade or Non-leveraged loans

Met Group grabs €560m revolver and heads back east

Brenntag extends funding profile in good conditions

Varex signs acquisition loan as it sees through spin-off

Leveraged finance loans

Sterling loans tighten as managed accounts bulk up

Cerba mandates banks but multiples crippling buyouts

Tekni-Plex brings repricing to ‘best ever’ market

Ineos concocts repricing in flushed market

Xella builds on loan again as demand raises the roof

Emerging market loans

Long line to checkout: date set on Profi loan

Test for coal rule and Russian loan market as SUEK begins talks

Emerging Markets

News

Tunisia, Nigeria to end African sov drought with euros and dollars

Polyus pulls pricing punches to bring $800m

Equate, Dubai Islamic Bank swell dollar sukuk pipeline

PBA ready after Entre Ríos resumes provincial run

AA2000, Supervielle fly in hot Argentina

Sigma brings back Mexico with seven year blow-out

Cosan link helps Rumo ride away with big book

Bond Comments

Polyus Gold USD800m 5.25% July 23s

League Table

Equity

UniCredit gets cracking with €13bn recap

Lonza's Sfr865m block covered in 40 minutes

Investec Australia Property Fund begins R1.5bn rights offer to buy Sydney offices

RenoNorden rises 6.4% after launching Nkr350m rights offer

Amundi wins shareholder approval to raise €1.4bn

Zoopla gets £76m to buy Hometrack in block flat to close

European IPO market heats up as Detsky’s $430m deal gets covered

Goldman ups Dong sale to €874m in big week for equity blocks

Market News

People Moves

HSBC hires Doody to take leveraged finance to next level

Credit Suisse switches ECM leaders, promises ‘novel approaches’

BNP Paribas changes Asia Pacific IB leadership

People Moves in Brief

Columns

Leader

The Naked Broker

Credit Matters

GlobalCapital View

Food for thoughts

Southpaw

UBS comes out fighting after testing year

Euroblog

MTN Leak

MTN Leak: Chinese New Year — HSBC style

Loans Ranger

Tuesday view

League Tables

Loans

Bonds

Revenue

New Issues

Cartoons