Issue 1548

Main

BDCs get leverage boost under US spending bill

Kroll looks to muscle in on booming CLO ratings business

Senior CMBS spreads soften on credit volatility

CMBS tracks ecommerce boom with bigger share of industrial buildings

Clifden boosts RMACS bid as Paratus refi prices

Soaring lev loan demand pressures Euro CLO ratings

BAML urges caution on subprime personal credit

Citi unveils fintech strategy

Leader

Russia shows the gap in ethical investment

Public Sector

News

Supras turn to niche MTNs for green funds

With bank green fund open, IFC turns to sovs, corps

France scoops book size record despite squeezed curve

UK finance goes green: inquiry proposes radical reform and green Gilt

Swap spreads hit SSA premia but how wide can they go?

Bond Comments

KfW USD4bn 2.625% Apr 21

France EUR3.5bn 0.1% Jul 36 linker

Covered Bonds

News

Covered concession a 'small price to pay'

Valiant shows Swiss franc covered are in demand

Higher recovery favours CPT covered bonds

Cut in CBPP3 buying is start of new strategy

Bond Comments

Financial Institutions

News

Carige delay sheds light on topsy-turvy FIG market

Carige puts off bond market resurrection until after Easter

Ibercaja Banco gives investors some juice on AT1 debut

How not to solve a problem like Aviva

Bond Comments

Securitization

Asset Backed Securities

News

Residential MBS

Structured Credit

Derivatives

Sustained US volatility throws good times into doubt

ESMA brings down hammer on 'speculative' retail derivatives

Deutsche Börse tees up blockchain securities lending platform

Corporate Bonds

News

Kering, Land Securities bring life in empty corporate landscape

Akelius takes hybrid in blustery corporate market

Trickle of dollars in tricky market

IG bond bankers hope for drizzle, not rain

Heavily shorted Tesla bonds and shares tumble after Moody’s downgrade

Bonds Comments

High yield

MTNS and CP

News

Bond Comments

Syndicated loans and leveraged finance

Investment grade or Non-leveraged loans

Les Cinémas Gaumont Pathé issues in bustling Euro PP market

FirstGroup issues in busy US PP market, as asset-heavy firms in vogue

Michelin locks in Fenner financing

Fiat completes A&E journey but volumes stricken

Melrose and GKN acquisition battle enters final hours

GSK’s ratings under pressure with Novartis buy

JD Sports races for Finish Line with $558m

Leveraged finance loans

Investors welcome Elysium’s refi deal

Emerging market loans

UAE’s NMC Healthcare signs $2bn club loan

Saudi Arabia signs $16bn megaloan with 16

Akbank refis $1.2bn loan with 39 banks

Albaraka and Vakif launch Islamic loans

Emerging Markets

News

Bahrain bags $2.2bn book for sukuk but pulls conventionals

StanChart makes meteoric rise in CEEMEA league tables

Colombia’s FDN expects foreign lenders to step up for 4G

Paraguay considers sovereign wealth fund

Lat Am corporate duo battle soft tone to clinch strong prints

Chilean DCM bankers eye Basel III bond boom

Bond Comments

League Table

Equity

IPO mart loses oomph as volatility spikes

ECM participants bemoan the onset of volatility after years of wanting it

IPO sellers need to factor Trump into expectations

Sanlam raises R5.7bn of equity as it expands across Africa

Galliford reveals terms for £157m rights offer

John Laing’s rights offer attracts high take-up

Market News

US banks break ranks on book building tech to move out of ‘Stone Age’

Macro research will cost as ESMA firms up MiFID

People Moves

Citi bumps up sponsor coverage

Wisnia leaves Deutsche for hedge fund

People Moves in Brief

Columns

Leader

Should two become one?

When two should become one

The Naked Broker

Credit Matters

GlobalCapital View

Food for thoughts

Southpaw

Euroblog

MTN Leak

Loans Ranger

Tuesday view

League Tables

Loans

Bonds

Revenue

New Issues

Cartoons