Issue 1438

Main

Leader

Public Sector

News

SSA sector strong despite global panic

Manitoba back in euros, public deal not likely

MTN investors lead the way with rouble bets

Issuers line up in euros as Draghi goes dovish

SSAs entice sterling investors with juicy spreads over Gilts

SSA trio go big in dollars but long end still shut to issuance

Bond Comments

EIB EUR5bn 0% Jan 19

BNG USD1.25bn 1.375% Jan 19

Covered Bonds

News

Crédit Agricole draws solid interest in hard market

CFF defers covered bond, blames market condition

FMS-WM tenders for Depfa covered bonds

Bond Comments

Financial Institutions

News

Italian banks suffer sub sell-off as investors flee the riskiest institutions

Brits to frontload to avoid Brexit brouhaha

Wall Street big hitters silenced amid global sell-off

FIG primary market sees January issuance crumble

Bond Comments

Securitization

Asset Backed Securities

News

Volatility slows first CLOs as debt investors hunt wider spreads

Issuers line up to follow Virgin in RMBS

Football clubs unlock transfer fees with ABS

CS markets BlackRock CLO as supply set to fly

Italian utilities boost minibond ABS deal

Volkswagen plans Spanish auto ABS return

Longer loan terms in auto ABS spur talk of weaker performance

RMBS settlement marks turning point for crisis-era litigation

Guidance for first CMBS of 2016 sets ominous tone

Residential MBS

Structured Credit

Derivatives

Iran's bullish return puts pressure on oil and derivs traders on guard

Forcing dealer registrations would be counterproductive, warns ABA

Saudi Arabia tries to stop riyal peg speculation

Mizuho starts clearing derivatives

Italy and China make worrisome bedfellows

Oil drop chops digits from MLP yield reachers

Novo vote could undermine CDS, warn traders

Pain rises as credit goes past 2015 wides on options expiry

ESMA delay leaves market facing swap margin chaos

Corporate Bonds

News

Direct Energie issues €45m Euro PP with Novo 2 support

Irish green bond targets retail investors

Best In Parking mandates two

Global chaos cocktail puts dollars on ice

IG corporates stare down the barrel of a barren month

Bonds Comments

High yield

MTNS and CP

News

Bond Comments

Syndicated loans and leveraged finance

Universities and charities to issue wave of bonds

Investment grade or Non-leveraged loans

Banks can still grow fat on Chinese

ChemChina targets relationship banks for KraussMaffei buyout loan

Leveraged finance loans

Loans, news in brief — January 21, 2015

Veritas sets date for revised buyout attempt

Leveraged loans thriving as high yield joins general rout

Emerging market loans

Belarusbank breaks record in barren Belarusian loan market

Hungry eyes: Chinese M&A feeds European loans

Japanese banks round up $3.3bn loan for ADNOC

The LMA gives EC regulation a piece of its mind

LafargeHolcim returns for loan but negative payment uncertainty remains

Emerging Markets

News

CEE funding plans out at Vienna conference

International banks steer clear of Iran but business is possible

Sharjah prints as outlook for GCC deteriorates

Poland pasting spurs rating calendar debate

Plummeting political risk score precedes downgrade

Colombian Pacific falls from grace as EIG circles

Venezuela default consensus growing as oil bites

More oil pain for EM as doubt cast on meagre Lat Am pipeline

African development bank lines up debt market debut

Defaulting ICA hires restructuring official from Televisa

Bond Comments

League Table

Equity

Hope for ECM from Draghi’s hints and CYBG covered book

Brain presses on with €35m bio IPO despite rough markets

Cheap airline Volotea to IPO amid oil glut

RPC rights issue receives 97% take-up

Nyrstar rights issue approved on second try

An Aramco IPO could spark a foreign investment surge

SIF to promote activity in wind, not oil, during IPO

EBRD buys pre-IPO stake in Ameriabank

Rocket raises novel $420m private PE fund

Chemring seeks £81m rights as bullets fall

Saipem, Veneto warm up cap raisings

Three banks to run ASR for slightly more fees

Oil-linked Technip sells €375m equity-neutral CB on awful day

Market News

People Moves

JP Morgan changes ECM leadership, pushes in equity solutions

BAML completes ECM reshaping with Fleming, Losada moves

Loan head change for SocGen as market veteran takes risk job

People Moves in Brief

Columns

Old Money: UK banks finally losing concentration?

Leader

Europe’s embarrassing corporate bond drought

The Naked Broker

Credit Matters

GlobalCapital View

Food for thoughts

Southpaw

JP Morgan guards against complacency with reshuffle

Euroblog

MTN Leak

MTN Leak: Monkeying around

Loans Ranger

Tuesday view

Breaking up the banks by the back door

League Tables

Loans

Bonds

Revenue

New Issues

Cartoons