Issue 1665

Main

Cover Stories

Real money to the fore as Lat Am pair usher in new era of sov debt workouts

SURE applications roll in, but Europe still counting on Pepp

PP players stalk larger companies after Vanguard blowout

European banks turn to sub debt in Yankee summer spree

Leader

The right time for rights issues

Bank capital: more than meets the eye

Public Sector

News

Negative rates ‘in the toolbox’

Climate case against Australia could force issuers into new risk disclosures

Morgan Stanley suspended from French auctions

UK announces details of September syndications

SSAs urged to frontload dollar supply ahead of uncertain year-end

German states take centre stage in SSA primary

Bond Comments

Covered Bonds

Squeeze tightens but no room for complacency

Renovation revolution spurs green covereds

LCR amendment could disrupt Lux covereds

News

Nykredit readies last tap of biggest ever covered

Bond Comments

Financial Institutions

News

BoE floats ‘temporary changes’ to capital buffers

BNPP sells MTNs linked to new Aussie climate index

Dutch insurers resume dividend payments after strong earnings

Small banks pin hopes on BoE reducing the scope of MREL

Bond Comments

Credit Suisse USD1.5bn 5.25% PNC 2027 AT1

Barclays USD1.5bn 6.125% PNC5 AT1

Securitization

Asset Backed Securities

News

Kroll downgrades Kabbage, Funding Circle small business ABS

Demand for CMBS aid grows on Capitol Hill

FCA urges stricter criteria for high cost lenders

European CLO equity tranches could outdo US returns

Janus eyes mid-sized investors with triple-A CLO ETF

European CLOs weathering downgrade risk

New LA-based asset manager acquires CLO contract

Residential MBS

Structured Credit

Derivatives

Ukraine makes second stab at FX futures

Wild times continue for lira as currency hits record low

Clearing banks push FSB on skin in the game, cash calls

More firms set to cut back on data outlay for next year

Corporate Bonds

News

Sloppy machete: Pizza Express runs out of dough

European companies eye coronavirus-era M&A

Hyde Housing prints flat to curve as more housing cos line up

Bonds Comments

High yield

MTNS and CP

News

Bond Comments

Syndicated loans and leveraged finance

Investment grade or Non-leveraged loans

Lenders disagree over potential demand for social revolvers

European lenders relieved as business returns to run of the mill transactions

Social revolvers are the feelgood hit of the summer; more firms should get involved

Melrose wins covenant waiver as lenders take ‘pragmatic’ approach to leniency asks

Leveraged finance loans

Emerging market loans

Nigeria’s NNPC secures $1.5bn financing package

Emerging Markets

News

EU recovery fund to revitalise green CEEMEA market as Georgian debut highlights deal drought

Banconal tightens as buyers spot sov pick-up

Delek Drilling sparks HY market with $2.25bn deal

EMs urged to focus MDB climate loan boom on ‘build back better’ schemes

Bond Comments

League Table

Equity

Hipgnosis buys Blondie catalogues after £236m share sale

More airline deals in works as crisis continues

ECM bankers pray macro risk won’t disrupt deals

Carnival Cruises buys back rescue convertible

Market News

UniCredit turns profit with bolstered MDA buffer

Commerz warns on corona impact for corporate clients

Morgan Stanley launches two sustainable funds

Market welcomes new Natixis CEO Namias

Embattled HSBC to press on with restructuring

SG to derisk structured products

Liquidnet plans to use strengths and launch bond issuance rival

Govs face dilemma on relief measures

People Moves

People moves in brief

Columns

Leader

The Naked Broker

Credit Matters

GlobalCapital View

Food for thoughts

Southpaw

Cost cuts central to Gottstein's Credit Suisse shake-up

Euroblog

MTN Leak

Loans Ranger

Tuesday view

League Tables

Loans

Bonds

Revenue

New Issues

Cartoons