Issue 1645

Main

Covered bond bids evaporate as short end goes into meltdown

Canadian banks head to euro covered bonds in search of liquidity

Leader

Borrow like there’s no tomorrow

Public Sector

News

Nordic funding plans respond to Covid-19

A crisis built for the SSA market

Reserve Bank of Australia to start quantitative easing

SSAs ready borrowing increases but buyers duck market amid vol

Central bank pandemic rescue packs wow global govvie markets

Bond Comments

Covered Bonds

News

Bond Comments

Financial Institutions

News

Popular bondholders will not be compensated, says SRB

Banks demand capital support as credit risks surge

Bank duo call dollar AT1s in face of pandemic

Bond Comments

Securitization

European securitization looks to US bank treasuries for second rescue

Asset Backed Securities

News

Government-guaranteed ABS prices amid market freeze

CMBS has big exposure to airline, oil and gas industries

NewDay delay marks first post-crisis ABS non-call

Triple-A CLO paper eligible for Fed's PDCF

Residential MBS

Structured Credit

SRT market struggles with marks as SMEs, corps face crisis

Derivatives

CFTC slashes work from home rules but UK tinkers

Open outcry shuttered, as CME fights against shortened trading

CDS index rolls to go ahead, despite Covid-19 volatility

Swaps liquidity collapse adds to SSA burden

Corporate Bonds

US bond market bursts back with nine deals after S&P calamity

Corps and banks raise $44bn in US show of strength

CP experts welcome aid but want reassurance

Cash-rich firms shun bonds, poor beg for loans

News

Corporate credit tightens sharply on new €750bn ECB programme

Bonds Comments

High yield

HPS primes Pizza Express bondholders with new £70m rescue pack

MTNS and CP

News

Bond Comments

Syndicated loans and leveraged finance

Investment grade or Non-leveraged loans

Dyson braves private markets amid Covid-19 storm

Intesa Sanpaolo pledges €15bn emergency loans to Italian companies

Private debt funds brace for SME bonfire

Soon we’ll know what 'relationship banks' are really worth

Lenders honour pre-virus terms but pricing rockets

Market tries to decipher where next RCF drawdowns will be

Investors call for 'unlimited' fiscal spending

Leveraged finance loans

Financing firm for KKR’s Viridor buy despite market chaos

CapVest cans Curium sale as carnage hits M&A

Emerging market loans

Emerging Markets

News

EM issues SOS as market flounders in perfect storm

DCM bankers seek LM opps but cash is king for EM corps

Ecopet cuts but Lat Am state oil looks cheap

Bonds tank with no one to catch EM falling knives

Bond Comments

League Table

Equity

Sasol reveals plan to raise $2bn of capital

Rights issues run aground as vol crushes ECM

Market News

Bond syndication from home: functional but not ideal

Paris bankers adjust to life on the home front

Covid-19 trading boost mitigates pressures at big investment banks

People Moves

HSBC brings CEO search to a close, appoints Quinn to top job

People moves in brief

Columns

Debt advisers called up for liquidity battle

Leader

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