Issue 1612

Main

Leader

Nordic banks: hold on to your buffers

Public Sector

News

KfW enjoys better reception in dollars than euros

Portugal sets out Q3 funding plans

Azores set for capital markets return

MuniFin eyes debut social bond in 2020

Sterling SSA market reopens to meet Brexit-fuelled demand

EFSF ‘has to go long’ with first outing in Q3

Bond Comments

KfW GBP300m 1% Dec 22 tap

Asfinag EUR600m 0.10% Jul 29

Bpifrance EUR750m 0.625% May 26 tap

MuniFin EUR500m 0.05% Sep 29 green bond

KfW EUR1bn 0.25% Sep 25 tap

EIB GBP400m 2.50% Oct 22 tap

KfW USD4bn 1.75% Aug 22

Covered Bonds

Rare CIBC wins strong covered welcome

Soc Gen to issue France’s first green covered bond

Negative yielding covered supply expectations rise

News

Covered bond correction is overdue but will take time

Bond Comments

Financial Institutions

News

Lloyds lays down pricing marker with first public deal from NRF bank

LBP pays less than 5bp NIP on pref senior debut

Commerzbank finally surfaces in AT1, draws $11bn of demand

Pru wins huge demand for unusual tier two transaction

BoI hits euros for blowout holdco senior print

Budget boost gives hope to outcast Italian banks

Less risk equals higher premium, say FIG bankers

Foreign banks jump into Kangaroos

Bond Comments

Securitization

Asset Backed Securities

News

Residential MBS

Structured Credit

Derivatives

Traiana automates equity swaps

FX pioneer to launch 24 hour derivatives exchange

Xetra launches RFQ trading service

FCA eyeing crypto derivatives ban

ICAP launches Indian derivs information service

Corporate Bonds

Galapagos accidentally pays bond coupon as unsecured creditors reject deal

News

BKW gives renewed impetus to Swiss green bonds

Blackstone to model Merlin bond on notorious Refinitiv deal

Aroundtown and Deutsche Telekom return to euros

Cuspy Marks & Spencer bags a £2bn book

FS Italiane shunts green bond into empty market

Merck, Arcelor catch bullish wave after US-China detente

Sprint, Symantec M&A talk spices bond mart

Bonds Comments

High yield

MTNS and CP

News

Lloyds wraps up debut bond offering from non-ringfenced bank

Volvo revs into Hong Kong ‘melt-up’

Israel sees 50 year note as key part of ‘strategic issuance plan’

BNG goes long and low

Bond Comments

Syndicated loans and leveraged finance

Investment grade or Non-leveraged loans

Żabka 'benchmarks off Allegro', launches loan for div recap

City of London launches US PP notes

National Express first off line with Sonia loan

Loans in brief: July 5, 2019

Schuldschein agents buoyed by first half, look to break records

Leveraged finance loans

Outokumpu breaks ground with ESG lev-loan

Finnish pension behemoth explains attraction of ESG-linked loans

Skin Health LBO sees second lien success

Emerging market loans

EM lenders to push limits as volumes collapse

Emerging Markets

News

Saudi success with first ever euro bonds, books over €14.5bn

Tunisia heads towards seven year in EM rally

Turkey snags $2.25bn thanks to rallying market

Ukraine Railways mops up yield-hungry investors

Investor reluctance begins to show as yields plummet

Window open for more Argentines, say investors

Latins line up for LM rush after July 4 break

Petrobras targets euro, sterling notes in latest buy-back

Bond Comments

Saudi Arabia €1bn 0.75% Jul 27, €2bn 2% Jul 39

League Table

Equity

Energean wins investor acclaim with M&A bid

Voltalia CEO urges equity investors to follow 'bold' EBRD

Domestic demand drives NLMK block

Growth IPOs boost 2019 returns but political risks persist

Cembra Money Bank turns to ECM to fund Cashgate merger

Synthomer unveils £204 rights offer for US growth plans

Market News

UK Green Strategy has everything but a finance plan

People Moves

People Moves in Brief — July 5, 2019

Commerz names new heads in DCM reorg

Columns

Leader

The Naked Broker

Credit Matters

GlobalCapital View

NatWest Markets should reap rewards for Sonia loan first

UK aims to pull away with Green Finance Strategy but is still in the slow lane

Food for thoughts

Southpaw

Jefferies enters the banking mainstream

Euroblog

MTN Leak

Loans Ranger

Tuesday view

Switzerland-EU row shows equivalence will not work for UK

League Tables

Loans

Bonds

Revenue

New Issues

Cartoons