Issue 1544

Main

Leader

IG borrowers need to get a move on

Italy’s election is a sideshow you can’t afford to ignore

Public Sector

News

Former govvie investors ‘may not return’

Central banks go long for Belgian green OLO

SSAs set price marks in dollars, but conditions toughen

Investors shrugging off Italian election risk as SSAs find 15 year demand

Sovereign green to spread after Belgium issues, HK commits

Bond Comments

Bank of England USD2bn 2.5% Mar 21

Belgium EUR4.5bn 1.25% Apr 33 green bond

CPPIB Capital EUR1bn 1.5% Mar 33

EU EUR1bn 1.25% Apr 33

FMS-W USD1.5bn 2.75% Mar 23

Rentenbank EUR1.25bn 0.5% Mar 25

EBRD USD1.5bn 2.75% Mar 23

MuniFin USD1bn 2.875% Mar 23

Covered Bonds

News

Volksbank covered gets grip in shaky mart

KBC issues first Belgian covered bond of 2018

HSH’s sale to boost Pfandbrief market access

ECB fires covered transparency warning

Yapi Kredi issues green covered bond

BSH to follow Wüstenrot’s with debut Pfandbrief

Bond Comments

Financial Institutions

News

Floaters in vogue as FIG issuers face up to market volatility

Santander to dip toes into AT1 market

Nationwide builds UK path to senior non-preferred issuance

Japan goes big before BoA’s TLAC topper

UK banks fundraise as TFS comes to an end

Insurers take on debt as big RT1 is prepared

Bond Comments

Crédit Agricole EUR1.25bn Mar 23 FRN

BBVA EUR1.5bn Mar 23 FRN

Lloyds Banking Group EUR750m 1.75% Sep 23 tier two

Royal Bank of Scotland EUR1.75bn Mar 20 FRN

Securitization

Asset Backed Securities

News

CLO managers jump the gun on risk retention rollback

Citi eyeing ‘Marcus-style’ online consumer lending

Rating agencies turn to industry vets to tackle CLO deluge

PGIM pushes for tighter terms on Libor replacement

Structural changes draw more buyers to container ABS

LSTA win could be just the start for reg easing

Cerberus eyes Aussie mortgages with Bluestone buy

CleanFund nears launch of debut commercial PACE ABS

Residential MBS

RMAC tender buyer Clifden tried to sell mortgage book it didn’t own

Structured Credit

Derivatives

Quintenz slams ‘perverse outcomes’ from leverage ratio

Learning Curve: equity repo deserves focus

Italian election build up fails to roil CDS market

Complacency sky high as Italian election looms

ECB’s Draghi: We welcome powers over clearing

Corporate Bonds

News

Property popular as investors offered a range of locations

Investors frustrated by TLA but order books show little evidence

Renault leads the pack once again with dual-trancher

Power supply boosts dollar calendar as vol drops

Bonds Comments

High yield

MTNS and CP

News

Bond Comments

Syndicated loans and leveraged finance

Investment grade or Non-leveraged loans

Lantmännen launches SSD as market heads north

US PP investors see spike in utility deals as index narrows

Comcast draws battle lines in Sky bunfight

Advent to take Laird private for £1bn

Porsche prices tightest SSD in German-heavy quarter

Broadcom margins prove loans are competitive

Mapfre cuts loan costs with green label

Norsk Hydro buys Rio Tinto aluminium assets

Euro PP market welcomes unrated bond surge as ‘sign of success’

Leveraged finance loans

Ardian’s Assystem adds SQS in M&A rich mart

Emerging market loans

Investment Corp Dubai plans loan refi

Naspers and Sibanye Gold launch loan deals amid South African cabinet reshuffle

Garanti and Vakifbank launch in Turkey's first round of refinancings

Eskom scores R20bn loan lifeline from seven banks amid S&P downgrade

Emerging Markets

Swiss buyers look for hairier deals as they strap on CBQ for yield

News

Fransabank to issue Lebanon’s first green bond

Senegal snatches 'last chance' to issue euros as rates trend upwards

Sovereign cryptocurrencies on the rise

Swiss pile into Gazprom book after S&P upgrade

Mexico to visit Japanese investors as elections near

Ecuador floats euro idea to mixed reception

Paraguay preps bond to reawaken dormant Lat Am

Bond Comments

League Table

Equity

Bumpy equity markets fail to scare Europe's IPO hopefuls

Deutsche Bank launches €2bn DWS IPO

NIBC prepares Amsterdam stockmarket return

Austrian tech firm AMS sells CB at "aggressive" terms

Philips sells another big chunk of Lighting at best price yet

Ivanhoé Cambridge sells Gecina block before Fed chair testifies

Equity investors bullish on Italy’s banks, despite poll

Market News

Rage against the dying of the Libor

People Moves

Columns

The FIG Idea: The urge to merge

Leader

The Naked Broker

Credit Matters

GlobalCapital View

Food for thoughts

Southpaw

UBS looks for M&A improvement to weather FIG downturn and ventures outside comfort zone

Euroblog

MTN Leak

Loans Ranger

Tuesday view

Caricatures of the Swiss investor must change

League Tables

Loans

Bonds

Revenue

New Issues

Cartoons