Issue 1629

Main

Leader

Public Sector

News

IFC returns to Czech koruna after long absence

KfW slots back into zloty issuance

Redbridge leads UK local government bond wave

KfW ‘scrapes through’ with tight price on €STR debut

How do you build a eurozone safe asset?

ECB’s de Guindos: ‘we cannot be only game in town’

BNG and Kommuninvest join ESG ratings trend

All tenors open thanks to euro sell-off

Bond Comments

EAA EUR1bn 0% Nov 22

BNG EUR750m 0.05% Nov 29 sustainability bond

EFSF EUR1.5bn 0.05% Oct 29 tap

KfW EUR1bn FRN Nov 22

Covered Bonds

News

Bond Comments

Financial Institutions

News

LBP endorses ‘decimalisation’ of AT1 market after tight debut print

YBS enjoys strongest ever sterling covered demand

Deutsche and Danish Ships covered innovations fail to sparkle

Volksbank Wien prices flat to covered curve

AIB scores tier two for MREL

Lloyds heads to home market for new £500m AT1 transaction

Deutsche Pbb sterling debut 'ticks all the boxes' despite weak demand

Rare deals ahoy as FIG investors pack up

Swiss Life joins the green bond party

Bond Comments

Intesa Sanpaolo EUR1.25bn 1% Nov 26

La Banque Postale EUR750m 3.875% PNC7 AT1

Securitization

Asset Backed Securities

News

Principality taps HSBC, Lloyds for prime UK STS RMBS

Tesla charges up for third auto lease securitization

Airborne preps ABS despite ownership uncertainty

Morgan Stanley sells CMBS as market set to outpace 2018

Carbon pricing 2050 target affordable for most homeowners today, says Moody’s

Funding Circle unveils first UK sponsored deal

Residential MBS

Structured Credit

Principal losses loom for risk transfer buyers after accounting wrinkle

Derivatives

EU members struggle with last hurdles on CCP resolution

ICE sets up shop in Abu Dhabi ahead of Murban futures

Pay cheese: CME launches new food futures

Lobbyists plead with European Commission for UK CCP extension

ESMA lays out future for third country CCPs

EEX buys Nasdaq arm in US commodities move

Corporate Bonds

Arcelor, Coke Hellenic and Moody's make triple-B bonanza

Carrefour to buy back €400m bonds

Temasek double-dips in long end for €1bn

News

AbbVie wows with $30bn blockbuster

Are ultra-long corporate bonds in euros tied to low rates?

Italy crossover credit IDG joins busy high grade bond market

National Express prices £250m bond at or through curve despite Gilt moves

Vroom! BP and Harley ride out for euros

Bonds Comments

High yield

Ball cuts costs but bigger bond misses Crown’s record

Faurecia hunts cheap credit again with €700m refi bond

Fly-by bond for Heathrow holding company

Teva prepares to term out funding but opioid problems weigh on costs

MTNS and CP

News

Bond Comments

Syndicated loans and leveraged finance

Investment grade or Non-leveraged loans

Gewobag negative Euribor floor seen as ‘sign of things to come’ in SSDs

Prada designs sustainability-linked loan

Prosus lays out table for Just Eat bid

Loans in brief: November 15, 2019

Leveraged finance loans

Emerging market loans

Investec launches as lenders unscathed by SA outlook downgrade

Cocobod to raise third syndicated loan of 2019

Emerging Markets

News

CAF returns to euros with green debut

RusHydro's rouble Eurobond set to break 2018 issuance bar

Costa Rica to seek approval for more bonds as new debt trades up

Cemex book booms on dollar return to continue LM

Investors hoping to get in early on Brazil

Bond Comments

Arab Republic of Egypt USD500m 4.55% Nov 23, USD1bn 7.05% Jan 32, USD500m 8.15% Nov 59

League Table

Equity

Banks strap on blocks risk in rampant rush to end of year

FDJ IPO just like 'the good old days'

Network block clears quickly as underwriters secure anchor

Lock-up waiver vindicated as Sig Combibloc trade is increased

Investors gain after banks waive Trainline lock-up for KKR again

Jacobs Holding sells Sfr753m of Barry Callebaut shares

Gallardo family offload Almirall shares at deep discount

Ørsted and Salini net over €165m in gains for ABB investors

Niel’s new way to buy big stake in Iliad startles market

Market News

Banks are talking on climate, but not walking

Investors coax companies: own up to slavery

Commerzbank set to double down on Mittelstand and existing clients

Mediobanca plots advisory, mid-cap push

People moves in brief

Gas wins concessions, but EIB makes big step away from fossil fuels

People Moves

Agricole’s Gay raises d’Intignano, Lamarque and Sodhi in reshuffle

Columns

Leader

The Naked Broker

Credit Matters

GlobalCapital View

Greening central banks is a measure of political weakness

Food for thoughts

Southpaw

Euroblog

MTN Leak

Loans Ranger

Tuesday view

League Tables

Loans

Bonds

Revenue

New Issues

Cartoons