GlobalCapital Issue 1382

Main

Public Sector

News

The SSA market has changed — and banks will be welcomed back

EDC ends 2014 on a high with curve busting deal

Issuers turn tap happy in euros

Kexim makes long awaited C$ debut

French reforms to reshape regions

Draghi boosts periphery prospects for 2015

Bond Comments

EDC USD1bn 1.625% Dec 19

Ico EUR1.25bn 0.375% Oct 16

Covered Bonds

News

Covered bonds hit the skids as OP scrapes by and AIB is postponed

Bond Comments

Financial Institutions

News

QBE manages price expectations to price PNV trade

BNZ and Rabo make sole senior sales in tough week

Senior turns sour as investors shun five FIG deals in a week

Bond Comments

QBE Insurance USD700m 6.75% Dec 44 T2

BNZ EUR300m FRN Dec 19

Securitization

Asset Backed Securities

Periphery ABS needs ECB to buy mezzanine

News

Starwood Waypoint planning SFR ABS debut

Auto ABS performance trending downward

IVG deal could be final deal in promising year for CMBS

‘A shrinking CLO market is bad for everyone’: Q&A with Prudential’s Brian Juliano

Residential MBS

Clydesdale hits sterling with RMBS duo

FleetPartners diversifies Aussie supply

Crowding out protests grow loud with ECB playing in primary ABS

BPAA’s Voba could herald new run of periphery ABS

Structured Credit

CLO risk retention less certain following lawsuit

Derivatives

Pension funds spur growth in derivs on vol factor indices

IR, CDS volumes bounce back with sizeable increase

Clearers hope EU delay means frontloading tweaks

ICE completes Liffe equity derivs transition

Demand for $/ ¥ options surge, strikes oddly cheap

ISDA enters CCP risk debate with guidelines

Funds sell Main options on ECB purchase hopes

GFI launches MAC swaps live on order book

CME to launch futures on repo indices from BNY

Basel leverage ratio irks industry bodies

G10 volatility trades tipped to spike in 2015

We should no longer worry about 'weak hands' in ETPs

Corporate Bonds

News

Praxair joins US deluge in euros with tight €500m

Kinder Morgan jumps in as Medtronic preps $10bn inversion financing

ISS raises €1.2bn with its first investment grade bond

Verizon prices €1.4bn 9.25 year and €1bn 17 year bonds inside dollar curve

Dutch Eneco heads off concerns over grid unbundling to issue €500m hybrid

Urenco’s €500m 10y avoids Areva fallout

LVMH woos private banks to bag A$ debut

World’s corporations set to keep flocking to euro market

Hybrids look hot as Telefónica prices tight and more deals follow

Spain's Repsol pays negligible NIP for opportunistic €500m 12 year bond

Belgium’s Eandis raises €400m with 12yr

Unrated John Lewis wins broad interest for £300m 20 year bond

Glaxo attracts big book for €2.5bn after five year absence from euros

Bonds Comments

High yield

MTNS and CP

News

Bond Comments

Syndicated loans and leveraged finance

Investment grade or Non-leveraged loans

M&A volume already 30% ahead of 2013

Meda will syndicate €3bn loan for Rottapharm deal next week

United Internet gets largest Schuldschein loan since 2010

Investment grade loans, news in brief - November 27, 2014

German banks muscled out of Mittelstand deals

Leveraged finance loans

Bankers following Christ's guidance

Banks fancy United Biscuits as Yildiz relationship tempts

Onex gives SIG Combibloc banks festive cheer with €3.75bn buyout

Siemens Audiology launches its €1.06bn loan and bond package

Spie seeks consent on €2bn refi while launching €725m loan

Carlyle steps up African interests with Tiger Automotive acquisition

Leveraged loans - news in brief, November 28, 2014

Emerging market loans

Ulker, Finansbank and Garanti fuel Turkish rush

Bulgaria plans Lev3bn bridge loan ahead of 2015 bond

Emerging Markets

News

Chile assesses options for bond market return

Cosan to provide Brazil test post positive finmin choice

African sovereigns sneak in before year end shutdown

Heroic double header for soaring sukuk market

Bond Comments

League Table

Equity

Danish retail investors grow wary of private equity listings

NXP gets $1bn at 1% coupon with effective 75% premium CB

Mota-Engil Africa floats

Dubai Parks moves step closer to listing

Thule climbs on debut after pricing IPO in upper range

Carl Bennet’s Lifco soars on debut after Skr4bn IPO

CDON rights issue coming

Telekom Austria completes €1bn rights issue after AMX tender

DB sells €194m Amadeus block for collar

Cattolica gets strong take-up on rights issue

Tessenderlo launches €174m rights issue

Clarkson issues new shares to fund Platou takeover

Gearing to turn Juncker’s €21bn into €315bn

Market News

People Moves

HSBC shifts North American SSA DCM to London office

People Moves in Brief

Columns

Leader

Lessons to learn for FIG

Stop whining, start building — liquidity isn’t coming back

The Naked Broker

Credit Matters

GlobalCapital View

Food for thoughts

Southpaw

Hess hire underlines Investec’s private equity ambition

Euroblog

MTN Leak

MTN Leak: Mo-rwegian Mo-vember

Loans Ranger

Tuesday view

There’s a hidden warning in the Petrobras scandal — and it has nothing to do with corruption

League Tables

Loans

Bonds

Revenue

New Issues

Cartoons