Issue 1566

Main

Leader

If it ain’t broke, don’t regulate it

Debate over CLOs misses the mark

Public Sector

News

‘No worries’ after AAA loss for KommuneKredit

Austria cuts target, no more 2018 syndications

Bankers differ on fair value of World Bank euro return

Central banks avoid rocking boat as sterling nears record

IFC finds private demand for first domestic tenge bond

Bond Comments

World Bank EUR750m 1.2% Aug 34

Covered Bonds

News

ING Australia set to issue debut covered bond

NBG hits covereds as Moody’s gets positive

DZ merger creates biggest Pfandbrief issuer

Moody’s gets upbeat on green covered bonds

Canadian covereds uplifted despite collateral woes

Bond Comments

Financial Institutions

News

Strong credits clash with geopolitics for FIG investors

Aviva investors contacted for compensation

EIOPA ponders harmonising guarantee schemes

VIG goes cool on RT1 after bond call

Bond Comments

Securitization

Asset Backed Securities

CommonBond plans to keep issuing, stay prime

News

Turmoil at FHFA may expedite housing reform, experts say

US CRE at risk of correction as foreign investors step back

CMBS spreads tighten on the back of Treasury gains

AutoHellas issues first Greek non-bank auto lease ABS

PGIM prices sterling CLO after long wait, while BTL RMBS widens

CLOs are no threat to financial stability, says BAML

CLO volume tapers but supply surge looms

Creval offers investors a rare treat: performing Italian loans

Lone Star buys Permanent TSB NPL book

Residential MBS

Structured Credit

Derivatives

ICE adds to alt-Libor suite, lining up SOFR futures

Shanghai Clearing House wins no-action relief again

RJ O'Brien settles with the CFTC and NFA

LCH powers on in face of Brexit contingency plans

Corporate Bonds

National Grid raises €500m at minuscule new issue premium

Daimler issues €3bn into IG bond market after US-EU trade war tensions subside

Heidelberg bags €750m at 47bp over mid-swaps

News

US high grade market stumbles into August

July unusually quiet for US corporate borrowers

Two cheers as reforms lift EU carbon price

Bonds Comments

High yield

MTNS and CP

News

Bond Comments

Syndicated loans and leveraged finance

Investment grade or Non-leveraged loans

Eurofins lands €550m Schuldschein, Pirelli €525m as market returns to health

Schuldschein market relieved and worried about trade wars

Akbank widens loan pricing by 25bp on August refi

Leveraged finance loans

European leveraged finance markets already hot for August

Imerys Toiture opens second lien for demanding lev loan investors

Kartesia plants unitranche for Fertiberia

Emerging market loans

Saudi hastens Vision 2030 with debut loan from sovereign wealth fund

Emerging Markets

News

Fresh sanctions batter Turkey’s debt and equity markets

Merit doesn't merit much in EM bonds

Eskom plugs South Africa back into bonds

Andrade pushes out bond exchange deadline

Oi bonds drift as investors await index decision

Nervous Lat Am showing no primary life

Bond Comments

League Table

Equity

Still hope for Russia ECM as EN+ given brief reprieve

UK ECM experiencing strong summer

Investors lap up €90m Petroleum Geo-Services block

Imperial sells part of Logista stake to cut debt

Countrywide turns to equity sale to offset debt woes

IG bond market enjoys summer renaissance

Market News

NatWest Markets fights back in FIG

Barclays' markets biz thrives on equities

People Moves

People Moves in Brief

Columns

Leader

The Naked Broker

Credit Matters

GlobalCapital View

Can Barclays and Deutsche Bank both be right?

Food for thoughts

Southpaw

Europe’s ‘unprecedented’ M&A boom set to break all records

Euroblog

MTN Leak

Loans Ranger

Tuesday view

League Tables

Loans

Bonds

Revenue

New Issues

Cartoons

Most recent

GlobalCapital Podcast

German SSAs face funding uncertainty

December 01, 2023
Supras and agencies

IFC rides post-Thanksgiving rally with double outing

December 01, 2023
ABBs-Block Trades

Neom Investment Fund builds €111m stake in Italy’s Technogym

December 01, 2023
Africa

Ethiopia leaves bondholders unclear about December coupon payment

December 01, 2023
Sub-sovereigns

Swiss issuers find a window of opportunity

December 01, 2023