Issue 1664

Main

Cover Stories

Covid-19 spikes to wreak havoc in capital markets

Lira dip raises spectre of currency crisis for Turkey with banks in crosshairs

Investors plead with US government over 'chilling' ESG rule

Utility stalwarts vanish from PPs as buyers cling to yield targets

Leader

The EU is gaining credibility as a banking jurisdiction

DoL proposal misses the mark on ESG

Public Sector

News

Troika paranoia could hamper European recovery

Green thinkers keen on new UK state bank

Australia targeting A$240bn in 2020-21

Investors split on UK’s plans for 15 year syndication

Euro borrowers look to long end

EM currency appeal shaky despite Fed's attempt to boost risk appetite

IDB Invest lining up Covid-19 MTNs

Bond Comments

Covered Bonds

ESG covereds due post-Taxonomy take off

Deposit tiering change less harmful for covered bonds

LCR amendment to help covered bonds

ANZ buys time with pre-maturity test tweak

News

Bond Comments

Financial Institutions

News

RBC prices first high coupon Sonia deal

Co-op faces ‘material uncertainty’ over MREL

AT1s are becoming a thorny issue for regulators

BRRD 2 could crush MREL volumes in the Nordics

ECB tells banks to suspend dividends for the rest of the year

Second wave concerns cast doubt over H2 window for banks

Bond Comments

Securitization

Asset Backed Securities

News

European CLO primary set for slowdown, says Investcorp

Covid benefit expiration to dent ABS market recovery

Roster of CLO managers thins as Covid reshapes space

Palmer Square to bring static CLOs to Europe

BlackRock, GoldenTree find new tights for Covid CLOs

Enova to buy small business lender OnDeck for $90m

Commission begins legislating NPL, synthetic STS

Residential MBS

Structured Credit

Derivatives

Sofr trading at 3% of US mart as transition looms

US-EU trading venue deal could signal path to come for UK

Corporate Bonds

News

ADO sells HY bond after merger

Investors continue hunt for hot pharma credits with Phoenix

Swiss bankers optimistic for autumn deals

Bonds Comments

High yield

MTNS and CP

News

Bond Comments

Syndicated loans and leveraged finance

Par from the Madden crowd: NFL makes $1.7bn USPP play

Investment grade or Non-leveraged loans

Messe Frankurt sells debt for first time in 800 years

Leveraged finance loans

Emerging market loans

Multilateral funding provides South Africa with hope

Saudi signs green ECA loan, other sovs to take note

Emerging Markets

News

Africa issuers miss out on EM bond resurgence

Argentina’s PR offensive is just the start of political pressure on EM

Last-ditch bid to derail Ecuador restructuring finds limited sympathy

Bond Comments

League Table

Equity

Fatigued equity investors set to be more selective

New quarantine rules threaten IAG rights issue

STMicroelectronics prices huge $1.5bn convertible bond

SG risk appetite pays off on auctioned Soitec trade

Convertibles speed ahead with €1bn Zalando deal

Market News

DB’s Johnsson: perceptions of our ECM franchise have changed

Record quarters for DCM and ECM at Barclays

Aperture’s Lahlou: AM fees must change

HSBC creates solutions teams for ESG, FIG and corps

Gottstein creates unified investment bank at Credit Suisse

Transition idea key as banks present sustainability goals

People Moves

People moves in brief

Columns

Leader

The Naked Broker

Credit Matters

GlobalCapital View

Food for thoughts

Southpaw

Boutique wheel of fortune spins into another crisis

Euroblog

MTN Leak

Loans Ranger

Tuesday view

League Tables

Loans

Bonds

Revenue

New Issues

Cartoons