Issue 1439

Main

Leader

You’re only supposed to bail the bloody bonds in

US corporate bonds: go big or go home

Public Sector

News

Kommuninvest roadshowing delayed debut green bond

Ontario prices second green bond in Canadian dollars

Supranational MTNs thrive in skittish markets

Dollar deals readying as window opens between FOMC meeting and Chinese new year

Catalonia offers to take 11% of Spain's debt

Five looks to be a ‘sweet spot’ in euros for SSA investors

Bond Comments

EDC USD1bn 1.25% Feb 19

Cades EUR4.5bn 0.05% Nov 20

EFSF EUR1.75bn 0.125% Nov 19 tap, EUR1.25bn 1.2% Feb 45 tap

FMS-W EUR1.5bn 0.05% Jul 21

Covered Bonds

News

CBA funds long at no extra cost as SCBC flies high with fives

AIB and WL enjoy strong receptions

UKAR tenders for B&B’s covered bonds

Bond Comments

Financial Institutions

News

RBC back with quickfire A$ floating 5yr

Audit points finger at ECB on Irish senior debt bail-in

Italian banks play catch up over NPLs

FIG fixes on a fitter February as markets show more stability

Deutsche Pbb flaunts a new investor base

Bond Comments

DekaBank EUR1bn 0.34% Feb 18

Deutsche Pfandbriefbank EUR500m 1.25% Jan 19

Securitization

Asset Backed Securities

News

FFELP woes hold back issuance, but hope remains

First Dutch RMBS of 2016 draws €1.8bn as dovish Draghi boosts market

Italian lease ABS deal priced amid volatility

VW strips emissions scandal safety net from ABS deal

Italy attempts NPL fix with controversial state guarantee

USAID-backed securitization to boost Armenian microenterprises

CIG marketing first rated subprime auto deal

Turmoil in oil markets casts shadow over US CLOs

Babson, Voya price first US CLOs of 2016

Post-crisis RMBS called without loss

WinWater to sell jumbo RMBS

NEF markets third equipment ABS

HPA lands first SFR deal of 2016

SolarCity prices loan backed ABS deal

US CMBS spreads gap out on back of macro woes, fundamental uncertainty

Residential MBS

Structured Credit

Derivatives

Technicals are keeping derivative markets docile

TriOptima completes inflation swaps tear-up

CFTC registers 18 SEFs, with five more on review

CBOE takes majority stake in optons firm Vest

Euronext preps sugar futures contract

UBS passes index control over to Markit

Bank weakness opens up bond/CDS basis

Novel delay in Novo Banco CDS debate

E&P exposed as corp crude hedges falter

Regs causing options to diverge from wider market, fear traders

trueEX and SG score first with peso

Sour mood ruins rally in choppy week for European credit trading

Corporate Bonds

News

Heathrow lands early arrival in Swiss francs

Anthony Veder issues first ‘sustainable shipping’ Euro PP

Cardiff University mandates three for its debut sterling bond

MTNs provide corporate funding avenue

Procter & Gamble reopens dollars as M&A funders lurk

Miserable January draws to a close, but does Febuary hold hope?

Bonds Comments

High yield

MTNS and CP

News

Bond Comments

Syndicated loans and leveraged finance

Investment grade or Non-leveraged loans

Unchanged bank lender group bags Strabag banger

Shire scores a hit with bridge loan as M&A pipeline heats up

Porsche in top gear with €200m Schuldschein

Loans, news in brief — March 10, 2016

Signs of core focus by banks as Nidera deal approaches

Leveraged finance loans

Action schedules bank meetings for €1.2bn 3i dividend recap

LGC tightens pricing again on its KKR buyout loan

Infinitas learns of wide pricing as loans allocate

B&B Hotels checks in with banks on PAI buyout loans

Kurt Geiger sticks heels into £150m buyout debt

Emerging market loans

Akbank and Eximbank lift Turkish loans

Orpic set to sign $4bn Liwa Plastics loan

Kazakhstan hots up with chunky TCO loan

Oil crash pushes Middle East loans to the brink

Emerging Markets

News

Oil bounce on Saudi report not enough to relieve ME pipeline

IBA bad bank breaks terms of Eurobonds

Nigeria Eurobonds rally despite MPC

Chilean Gildemeister drives close to debt agreement

CAF holds investor call ahead of dollar benchmark

Dominican Republic trades up but HY looking grim

Pemex bond brings in brave new world for EM commodity companies

Bond Comments

League Table

Equity

IPO peddlers go for deep discounts to keep market open

Budapest Bank can float, but no move on IPO yet

CMC takes next step in London IPO with price range

Saipem shares halted on first day of rights issue amid vol

Lloyds retail privatisation must wait for sunnier days

Market News

GB Principles circle closer to green definition

People Moves

PRA’s Bailey takes reins at FCA

People Moves in Brief

Credit Suisse sponsors head moves to Swiss arm as it preps IPO

Columns

Leader

The Naked Broker

Credit Matters

GlobalCapital View

Food for thoughts

Southpaw

Jefferies mulls end of expansion as European corporate finance faces test

Euroblog

MTN Leak

Loans Ranger

Tuesday view

League Tables

Loans

Bonds

Revenue

New Issues

Cartoons