Issue 1502

Main

Leader

Mall bears to take a mauling

A quantum leap for green bonds

Public Sector

News

MTN market nervy despite Macron win

UK slices £900m from target, selects next syndication

The beginning of the end for negative rates

Euratom returns to debt market, and more to come

Rentenbank offers another run at 'Roo

Turkish currency holds niche appeal

Dollars red-hot as ADB hits $4bn, but long end out of reach

BoE publishes code of conduct for UK money markets

SSAs set for pre-summer issuance rush

Bond Comments

EBRD USD1.5bn 1.625% May 20

EFSF EUR6bn 0.75% May 27, EUR2bn 1.7% Feb 43 tap

ADB USD4bn 1.625% May 20

Quebec EUR2.25bn 0.875% May 27

Spain EUR5bn 0.65% Nov 27 linker

Covered Bonds

News

Senior preferred: the new cuckoo in the covered bond nest

Crédit Ag soars in busy week for covereds

Yapi Kredi and Isbank set for Turkish covered bonds

Bond Comments

Financial Institutions

News

Coventry BS takes its first sterling senior since 2010

Phoenix Group diversifies away from senior with tender, T3 tap

LeasePlan pleased to execute FRN plan after French vote

Morgan Stanley grabs €3.5bn as US banks extend run

Crédit Agricole hints at enduring value of preferred senior

Bond Comments

Crédit Agricole EUR1.5bn 1.375% May 27

Morgan Stanley EUR1.5bn Nov 22 FRN / EUR2bn 1.875% Apr 27

LeasePlan EUR500m Nov 20 FRN

Securitization

Time is ripe for PACE, solar ABS to grow investor base, says panel

Thunderbolt deal prices as market hypes potential for aircraft ABS

Caliber scales up in non-prime RMBS with largest post-crisis deal

Policy turmoil not enough to dent latest PACE deals

New rules set to reshape UK buy-to-let market

Double-A debt proves a tough sell for US CLOs

CLO issuers question depth of EU buyer base

Asset Backed Securities

News

Residential MBS

Structured Credit

Derivatives

Dealers sneak in tougher terms under cover of variation margin

Corporate Bonds

Brussels Airport lands in empty euro market

Thames Water nabs £550m of ‘B’ debt in bond drought

News

PepsiCo adds fizz to US market as firms emerge from blackouts

Sterling shimmers as P&G and Martlet win attractive terms

Investors sense danger in super-bullish credit

Bonds Comments

High yield

MTNS and CP

News

Bond Comments

Syndicated loans and leveraged finance

Investment grade or Non-leveraged loans

Huhtamäki raises dollars as Schuldschein tempts Far East

Becton, Dickinson uses rating-sensitive bridge for Bard takeover

Schuldschein market hits record lows as margins tumble

Leveraged finance loans

Labeyrie fattens pricing as market conditions bite

Emerging market loans

Kenya loan surges to $1bn with 20 banks on board

Sohar, so good as three early birds perch on new loan

Vakifbank extends oversubscribed Turkish refi run despite political uncertainty

Croatian commissioner detects 'errors' in Agrokor accounts

Emerging Markets

News

Turkey rally put to the test as tier two banks line up tier two trades

Investors flock to MHP’s plucky dollar market return

Citi bumped up to top slot as ACWA returns

Russians enjoy busiest week since golden era of 2013

Metalloinvest USD800m 4.85% May 24

Smoking hot Lat Am welcomes raft of debuts as Guatemalan flies

BNDES waits for green opportunity in busy Lat Am pipe

Bond Comments

Rusal USD500m 5.3% May 23

PhosAgro USD500m 3.95% Nov 21s

Credit Bank of Moscow USD700m 8.875% Nov 22s tier two

League Table

Equity

Lonza jumps 3.8% after Sfr2.25bn rights issue wins approval from shareholders

Tullow Oil raises £625m, Royal London rejects Heavey's elevation to chairman

Delivery Hero considers IPO after sales boost

Thiam hopes to be second time lucky with Sfr4bn CS recap

Nomura, Philips, Bain bring big block trades after post-election rally

Market News

LSE poised for launch of new debt platform

Nomura’s international biz turns to profit

People Moves

Columns

Leader

The Naked Broker

Credit Matters

GlobalCapital View

Food for thoughts

Southpaw

Euroblog

MTN Leak

MTN Leak: Catch ‘em all

Loans Ranger

Tuesday view

Netflix — investors shouldn't chill

League Tables

Loans

Bonds

Revenue

New Issues

Cartoons