Issue 1383

Main

Public Sector

News

UK set to up borrowing in next financial year but remit still below 2009 peak

AfDB returns to offshore rand as funding alternatives dry up

Antipodean currencies appeal to SSAs

SSAs in dread at prospect of sovereign QE in Europe

Bond Comments

Covered Bonds

News

Bond Comments

Financial Institutions

News

Quarter of insurers would fail Japan scenario, says EIOPA

National Australia Bank goes green with climate bond, considers return

Citizens scores debut as dollar mart stays open

EBA launches MREL consultation, little detail divulged

Quiet rumbles in the subs with AT1 pricing, perp roadshow

Dutch finally open gates for AT1 issuers, insurance ruling next

Cariparma debut revitalises covered bond market

Bond Comments

Securitization

Asset Backed Securities

Starwood Waypoint SFR to price wider

Barclays warns ABS mezzanine may not jump

Targets limited as ECB limps to €368m

Europe braces for P2P securitization as KLS signs up

DriveTime subprime auto ABS cheap for triple-A

Longer loans back Nissan's auto ABS

Volatile pricing for Starwood's first SFR ABS

Aircraft ABS issuers learning to fly

News

Residential MBS

Euros dominate in Clydesdale’s UK RMBS as supply winds down

B&A and Mystate to build on Westpac’s jumbo RMBS

Investors fear jumbo RMBS despite strong collateral

Structured Credit

Fitch: ECB will boost SME CLO volumes

Q&A: John Popp, Credit Suisse Asset Management

Derivatives

Malaysian bourse launches new bond futures

Regulatory harmonisation aids Canadian derivatives reporting

CME, GFI revise strategic transaction to compete with BGC Partners

Learning Curve preview: The big data challenge

Canadian derivs markets take off, interest tipped to spike

SocGen scoops Citi EQD chief

Hedge funds eye Main against swaps in RV trade

LCH reclassifies OTC commodity derivs as block futures

Sovereign CDS of oil exporters in the firing line

Funds sell vol on iTraxx as flows slow for winter

Contentious position limits back on CFTC agenda

SGX derivs volumes spike post-Stock Connect launch

Default would boost take-up of 2014 CDS defs

Corporate Bonds

News

Hybrid pipeline swells as Merck hits the road

Imerys sells 6 year tap and 10 year benchmark comfortably

Casino returns for €650m 10.2 year in softer market

Albemarle pays up for €700m euro debut

Danfoss debut nets €500m for Vacon buy

France in HY lead, Germany turns to banks

Medtronic’s $17bn swells M&A bond frenzy

Santos delays hybrid after oil price fall knocks spreads

Private bank demand drives BMW return to Kiwi bonds

ECB keeps lid on Pandora’s box of corp bond buying, for now

Volvo gets €7.4bn bid for debut hybrid after lightning roadshow

Bonds Comments

High yield

MTNS and CP

News

Bond Comments

Syndicated loans and leveraged finance

Investment grade or Non-leveraged loans

Business lending in Spain set to bounce back in 2015

M&A boosts Schuldschein issuance to €11bn in 2014

Investment grade loans, news in brief - December 4, 2014

Leveraged finance loans

Spectrum Brands markets loans while pricing bonds for €400m debt package

BCA guides pricing on its £270m refinancing loan after pulling IPO

Spie lays out its price guidance on €911m loan at bank meeting

Goldcar sets off, guiding €275m buyout loan price

Cinven sells last slice of Gondola, makes 2.4 times investment

Altice wins Portugal Telecom with €7.4bn offer on the table

Leveraged loans in Christmas rush while high yield waits for New Year

Emerging market loans

African and leveraged loans step on the gas while others snooze

Emerging Markets

News

RSB BIII update is a divisive but innovative approach

Ethiopia makes savvy $1bn debut, sets strong tone for future issuers

YPF heard lining up for LatAm but brakes hit Brazil

Chile offers euro to dollar premium but breaks coupon record

LatAm oil giants keep up capex during price slump

Bond Comments

League Table

Equity

Dubai Parks closes retail tranche of IPO after insto hit

RenoNorden IPO covered within two days

Wereldhave launches €550m rights issue

UK’s NewRiver Retail raises £75m in share placing

Kegoc’s IPO struggles to garner support

More blocks as Ontex increased, Merlin and Bank Zachodni priced tight

K’s Holding sells overseas CB in wake of deal for Oita Bank

Fiat picks four banks for $2.5bn equity and CB combination

Burst of block trades as sellers race for year’s last window

Shionogi rides crest of Nikkei bull wave with ¥20bn CB

Market News

People Moves

People Moves in Brief

Clifford Chance launches US RMBS practice

ISDA elects Eric Litvack as chairman of the board

Columns

Leader

ECB becomes a price taker

SSAs beware ECB happy pills

The Naked Broker

Credit Matters

GlobalCapital View

Food for thoughts

Southpaw

The death of the transformative bank merger

Euroblog

MTN Leak

MTN Leak: What happened in Happenstance

Loans Ranger

Tuesday view

League Tables

Loans

Bonds

Revenue

New Issues

Cartoons