Issue 1447

Main

Leader

MiFID II nears final, if not finest, hour

Public Sector

News

Forget pricing: the real green bond boost is diversity

Periphery performs at auctions as ECB buying trumps terrorism fears

UK advised to bring syndication pair in Q1

World Bank brings sustainability to Italian retail

World Bank provides week’s sole dollar trade in four year print

MTNs are the only game in Chinatown as IMF deadline looms

The central bank question: SSAs mull euro poser for Q2 supply

Bond Comments

ESM EUR1bn 1.625% Nov 36 tap

Unédic EUR1.75bn 0.25% Nov 23

Covered Bonds

News

Van Lanschot and Sondrio issue second in sevens

Bond Comments

Financial Institutions

News

Axa awakens insurance sub mart in euros

BNPP weighs into AT1 as market shows stronger signs of life

Banks glimpse capital clarity at end of Q2

Subordinated debt market needs retail buyers, says European Parliament

Modest proposal on BRRD shows flimsy resolution grounds

Bond Comments

Axa EUR1.5bn 3.75% July 47 tier two

Securitization

Asset Backed Securities

Esoteric ABS pipeline adds another $1bn

News

Crédit Ag plans secondary placement of French consumer loan deal

Two arrangers capitalise on European CLO window

Offa No. 1 re-opens UK buy-to-let RMBS market

ABS market players puzzled over timid Fed

US CLO market gathers momentum in March

Fannie prices second CRT deal of 2016 wide

Citi, Goldman sell BioMed CMBS as sector slows

Residential MBS

Structured Credit

Derivatives

Brexit and ECB cause UK credit to lag EU but present buying opportunity

Dovish Fed talk prompts rush of long inflation bets

Long bias wrong-foots credit traders as index rolls

Credit volatility inverts on central banks' soft signals

Boost for CMBS flows and corp access with index TRS launch

Energy corp CDS targeted in Markit/IHS merger

Corporate Bonds

News

Sysco Corporation joins US feeding frenzy as dollar momentum keeps on up

Investors seize their chance for a rare Deutsche Post trade, posting €7.7bn

S&P junks Casino but bonds rebound

Second retail bond of the year for London Stock Exchange’s ORB

Imerys plays small, pays small on no-grow

Outsiders welcome: Vicinity Centre breaks sterling’s international duck

Liquidity crisis? What liquidity crisis?

Bonds Comments

High yield

MTNS and CP

News

Bond Comments

Syndicated loans and leveraged finance

Investment grade or Non-leveraged loans

Telefonica Deutschland signs first syndicated loan

Four years later, Huhtamäki back with Schuldschein

Lundin Petroleum adds to loan one month after signing

Loans, news in brief — March 23, 2016

Leveraged finance loans

Ball Corp closes $4bn Rexam acquisition financing

Abengoa signs facility with Australia's sovereign wealth fund

Lyxor sees opportunity as CLO market struggles

Emerging market loans

Metalloinvest back for refi, but lender appetite is unclear

Turkish dollar premium fails to temper taste for euros

Emerging Markets

News

Poland sovereign Panda bond in the mix for 2016

B&N Bank prints $150m, hits lower end of size range

CAF jumps back into Kangaroos with dual trancher

DIB reopens market for Gulf FIG names with popular sukuk

Big Brazil rally brings hope for issuance

Paraguay raises $600m, Ecuador hits road as Lat Am HY picks up

Bond Comments

League Table

Equity

‘Unhappy’ owners concede to float Senvion at low price

Postbank to regain autonomy by mid-2016

Humana prices IPO at top of range, trades up

Delta Lloyd sets terms for €650m capital raise

S&P hits equity-neutral mandos with Vodafone U-turn

Blocks fly for Iren and IMCD

Market News

Bleak days for mid-market investment banks

People Moves

People Moves in Brief

Columns

Leader

The Naked Broker

Credit Matters

GlobalCapital View

Food for thoughts

Southpaw

Euroblog

MTN Leak

MTN Leak: McLamberg strikes again

Loans Ranger

Tuesday view

Banking will be permanently smaller and poorer

Regulatory herding is bad for business

League Tables

Loans

Bonds

Revenue

New Issues

Cartoons