Issue 1411

Main

Puerto Pobre: the ‘All Star Island’ confronts restructure challenge

EBA backs capital cut for qualifying ABS

Public Sector

News

Issuers primed to take up yawning dollar window next week

Sorry Greece, your game of chicken has gone on too long

SSAs swim for MTN lifeboat in Greek storm

Bond Comments

Covered Bonds

News

Covered bond borrowers must issue now

Backlog of primary deals to build as Greek poll awaited

Bond Comments

Financial Institutions

News

FIG senior revenues lowest on record as activity slows

US FIG freezes but AT1 on the way

In praise of premiums

It’s business as usual in non-core currencies as Greece shuts out euros

Ethias offers investors an exit with exchange

Dollars offer banks cheap route out of euro shutdown

The canary just coughed

Bond Comments

Securitization

Asset Backed Securities

Credit Suisse prices Sunrun outside guidance

Capital One, Safe-Guard execs bring subprime auto ABS

ABS's potential powerful future ally in Europe

ABS rears up in face of Greek crisis, eventually

Slowest first half for European securitization since 2009

News

StanChart sells synthetic CLO despite regulator’s criticism

Residential MBS

New SFR sponsors on the way as single loan market saturates

Nomura hits brakes on single-family rental deal

UK lenders invited, but RMBS party closed for now

Fannie and Freddie wage raises could jumpstart reform

Structured Credit

StanChart sells synthetic CLO despite regulator’s criticism

Babson seeks €400m with CLO as spreads widen

Derivatives

Muni CDS market tested as Puerto Rico teeters

Overlay managers back in fashion as macro risks threaten

Puerto Rico credit risks isolated

QE expansion helps bonds but fails to lift mood in CDS

Corporate Bonds

QE makes a move for corporate bonds

News

Greece keeps US issuers quiet, pipeline building

Corporate bond issuers sit snug amid choppy markets

Danaher blows away mid-week market torpor

Ghelamco wraps up in Belgium, thus avoiding eurozone volatility

QE makes a move for corporate bonds

Ecolab uses roadshow's momentum to navigate through uncertain market

Bonds Comments

High yield

MTNS and CP

News

Bond Comments

Syndicated loans and leveraged finance

No Greece panic in loans, but leveraged deals face price hike

Investment grade or Non-leveraged loans

Loans, news in brief — July 3, 2015

Fiat Chrysler gets strong support for first refi

Oil and gas deals buoy a sluggish loan market

Leveraged finance loans

Orion Engineered Carbons pulls repricing becoming the fourth casualty this month

Ammeraal Beltech avoids Greek jitters and closes its €300m loan

SMBC acquires GE Capital $2.2bn European loan book

Emerging market loans

Afrexim $1bn loan bolsters Africa flow

Polsat seeks $4.7bn loan and bond refi

No Greece panic in loans, but leveraged deals face price hike

Emerging Markets

News

BSP tenders for subordinated bonds

Renaissance mulls dollar or rial debut to fund buyback

América Móvil mandates despite volatility

CEEMEA primary ready for post-Greece referendum resurgence

Sukuk bookrunners at HSBC’s heels as supply soars to record levels

Bond Comments

League Table

Equity

IPO market grows more challenging as Greek crisis worsens

Pbb pauses IPO bookbuild

CBR Fashion cancels IPO

Airbus times first CB perfectly

Credit Bank of Moscow floats in second Russian IPO of the year

Ado pulls IPO amid Greek crisis

Mithra ups Brussels IPO, prices at €72m

Italy’s Banca Sistema hit by Greece, but IPO still twice covered

Euskaltel gets IPO away, jumps in trading

Capio trades up after listing despite rough market

Sophos up after London’s biggest software IPO

Deutsche Annington wraps up capital raise

Flow Traders opens book for €500m Amsterdam IPO

Market News

People Moves

People Moves in Brief

Old Money: Tossing a drachma — referendums and repudiation

BNP Paribas hires two seniors to bulk up in high yield secondary market

Emerging market banks outperform peers

Corporate acquisitions fuel first half IB figures

Columns

Leader

Cometh the hour, cometh the PP

The Naked Broker

Credit Matters

GlobalCapital View

Food for thoughts

Southpaw

UniCredit’s Papa makes his mark as CIB chief

Euroblog

MTN Leak

MTN Leak: House of Lainer

Loans Ranger

Tuesday view

League Tables

Loans

Bonds

Revenue

New Issues

Cartoons