Issue 1559

Main

Leader

Public Sector

News

SSAs bring feast of SRI deals, plans

CPPIB green debut breaks Canada record

Fed hike expectations push dollar demand further down curve

Central banks give SSA investors cause to push on price

The investor push-back begins

NADB set to sell green Swiss francs as arb returns

Bond Comments

Île-de-France EUR500m 1.375% Jun 33 green and sustainability bond

AFL EUR500m 1.125% Jun 28

CPPIB Capital CAD1.5bn 3% Jun 28 green bond

ESM EUR1.5bn 0.75% Mar 27 tap

Cades EUR1bn 0.125% Oct 23

Kommuninvest USD2.5bn 2.75% Oct 20

KfW EUR5bn 0.125% Jun 23

Covered Bonds

DNB’s ‘landmark’ green debut prices in line with France

News

Spabol swipes €1bn of covered funding

Bond Comments

Financial Institutions

News

CNP lines up RT1 after ‘spicy’ Vivat debut

Nordea set to unlock FIG pipeline with first MREL senior bond

‘Unbelievable’ Metro Bank prepares debut sub deal

BoE’s MREL policy raises questions about the value of legacy capital

Bond Comments

Vivat EUR300m 7% PNC7 RT1

Svenska Handelsbanken GBP500m 1.625% Jun 22

Securitization

Asset Backed Securities

News

Goldman makes swift return with new CMBS

More retail woes for CMBS, but no crisis in sight yet

Rally in CRE CLOs pushes issuance to new levels

Clifden targets Thrones with tender as Mars plans refi

Lloyds ends RMBS drought after end of TFS cheap money

Highland targets European investors for new CLO fund

Vivint reveals details of ABS private placement

CRE finance pros eye late cycle behavior in US CMBS

Residential MBS

Structured Credit

Derivatives

Political turmoil and monetary policy divide US and Europe

SEF interest rate derivative volumes up 22.3% in May

TruePTS signs JP Morgan, Citadel amid uncertain post-trade future

EU lawmakers to negotiate pension fund clearing exemption

FCA warns banks on offering crypto services

Equity strategists hold steady as ECB signals end of QE

Corporate Bonds

News

Schneider pushes IG market boundaries ahead of ECB meeting

Dollar market primed for M&A funding frenzy

ECB cheers corp bond market by revealing expectations were right

Valeo proves reassuringly pragmatic ahead of macro maelstrom

Innogy conundrum challenges green bond market to find its purpose

BASF finds blowout demand in sterling

Manpower converts roadshow into debut benchmark deal

Hybrid market reopens with sweet OMV deal

US high yield in dry spell as loans race on

High yield ETF loses 40% of assets after Charles Schwab switch

Innogy is tackling green bond M&A problem

Bonds Comments

Schneider EUR750m 1.375% 9 year

BASF GBP250m 1.375% 4 year

High yield

MTNS and CP

News

Bond Comments

Syndicated loans and leveraged finance

Investment grade or Non-leveraged loans

Comcast ups acquisition ante with $65bn Fox bid

Casino plots €1.5bn asset sale

Deal-starved banks crowd to €5bn E.On loan

Loans in brief: 14/06/2018

Leveraged finance loans

Euro PP lenders hold earliest notes ‘till bitter end’

Emerging market loans

Dwindling loan books spark EM price war

Lenders pounce on Bank of China Lux loan

Emerging Markets

UK’s Russia beef drives capital home, poses risk to City

News

Future of EM hinges on ECB, Fed verdicts

CEEMEA bonds return after FOMC and ECB remove uncertainty

Little hope for Argentine bond rush post-IMF

Garanti Bank prints gender bond MTN

Ecuador roadshows to court US investors

Bond Comments

League Table

Equity

Finland’s flop leaves Neste taste in mouth of Credit Suisse

Delachaux cancels its IPO after CDPQ buys CVC out

Solidium offloads €246m of Stora Enso to fund new investments

ECM investors buoyant as Adyen rises by over 91% on debut day

Arion Banki to price at top of revised range

Klingelnberg Group IPO covered across range in a day

Quilter prices IPO in top half of the range

Market News

People Moves

People Moves in Brief

Columns

Leader

The Naked Broker

Credit Matters

GlobalCapital View

Byte Me: a market untethered?

Food for thoughts

Southpaw

Credit Suisse eyes return to the corporate finance big time

Euroblog

MTN Leak

Loans Ranger

Tuesday view

Green revolvers – a game-changing innovation for ESG

League Tables

Loans

Bonds

Revenue

New Issues

Cartoons