Issue 1694

Main

Cover Stories

Fragile capital markets cheer as ECB boosts Pepp

End of the dollar bull market? Swedbank falters amid US credit volatility

Investors like fresh taste of Ahold Delhaize food waste SLB

Turkey in the firing line as US yields vol spooks EM

Leader

Good things come to those who wait

Sustainable finance gets real

Public Sector

News

EU to employ primary dealers for €750bn Next Gen remit

Gilt players back new 30 year syndication in April

World Bank and KfW print Scandi SRI bonds

NRW.Bank adds to GBP supply as SSAs seek arb

SURE at last as EU prints second deal of 2021

IADB scrapes through long Sofr deal

Bond Comments

EU EUR9bn 0.2% Jun 36 social bond

ESM EUR2bn 0% Dec 26

CEB GBP400m 0.375% Dec 25

AFD EUR1.25bn 0.375% May 36

Covered Bonds

News

Créd Ag Italia hits single digits in OBGs

BPCE returns with two part covered bond

OLB makes ‘solid start for covered bond career’

Japan and Korea to push covered frontiers

Bond Comments

Financial Institutions

News

BMO issues women in business bond

Leeds builds up MREL buffer with non-pref debut

NatWest Group sells sophomore sterling AT1

Lancashire prints debut subordinated bond

ECB balm soothes FIG market

Tier twos gain traction in growing green FIG market

Bond Comments

CaixaBank EUR1bn 1.25% Jun 2026 green tier two

Intesa Sanpaolo EUR1.25bn 0.75% Mar 2028 green senior

NatWest Group GBP400m 4.5% PNC7 AT1

Leeds Building Society GBP350m 1.5% 6NC5 bail-in senior

Securitization

Asset Backed Securities

Third party sponsored ABS returns in PACE

Senate committee firms up SEC, CFPB leaders

News

New QM rule date could heighten risk of loose underwriting

French ‘mystery’ NPL market remains untapped securitization source

Residential MBS

Obvion maintains ESG crown with first RMBS of pandemic era

Structured Credit

Heavy CLO supply weighs on mezz spreads

Derivatives

Corporate Bonds

News

Gimv debut in sustainability market deepens private equity ESG ardour

APA Group struggles to catch market attention in Europe

Heathrow travels in style to sterling mart

Verizon wows with $25bn blockbuster

Bonds Comments

High yield

MTNS and CP

News

Bond Comments

Syndicated loans and leveraged finance

Investment grade or Non-leveraged loans

King’s College seeks cash with PP launch

TLTRO push prompts SSD secondary surge

European direct lending could grow by as much as 50%, says Saïd report

Enel takes crown for biggest sustainability loan

FCA Libor end date could trigger some borrowers to switch

Leveraged finance loans

Lone Star looks to reprice pandemic-era underwrite for BASF buyout

Emerging market loans

PIF comes to loan market for $15bn revolver

Emerging Markets

News

EM debt strains ‘contained’ but doubts linger on sustainability

Bank Muscat taps investors for dollars in dry market

VTR extends maturities with eight year issue

Stable rates bring Swiss flurry

US rates trump oil rally in ME quest for cash

Colombia eyes gender focus as Women’s Day sees cap markets flurry

Bond Comments

Bank Muscat USD500 4.75% March 26

Latvia EUR1.25bn 0% March 31

League Table

Equity

Blocks shrink as sellers defend valuations

Bringing fundamentals back into focus is no bad thing

Wagamama owner seeks cash to survive lockdown

Vantage Towers brings big cornerstone but shrinks IPO

Healthcare ECM still intact despite Nasdaq correction

US convertibles bounce back from Nasdaq correction

Biden sanctions threat could freeze growing Russian IPO wave

Market News

People Moves

Barclays names new head of securitized products

Columns

Leader

The Naked Broker

Credit Matters

GlobalCapital View

Food for thoughts

Southpaw

Euroblog

MTN Leak

Loans Ranger

Tuesday view

Greensill’s private status sheltered it from short seller scrutiny

League Tables

Loans

Bonds

Revenue

New Issues

Cartoons