Issue 1457

Main

Leader

Harmonised bank resolution is a fantasy

ECB’s corp bond QE will fail unless HY benefits

Public Sector

News

NIB picks two for second ever green bond in euros

World Bank taps Italian retail market

Hush descends on dollar market as tricky June approaches

Negative yield proves no bar for investors as KfW draws crowd for five year euros

Bladex debuts in yen with Pro-Bond

Bond Comments

Manitoba finds size with euro MTN

EAA EUR1.5bn 0% Jun 19

COE EUR1bn 0.375% Jun 26

KFW EUR5bn 0% Jun 21

Covered Bonds

News

Covered bond borrowers scramble to get deals done

Rare OBG gets keen reception and Cédulas follows

Bond Comments

Financial Institutions

News

Pru reveals depth in Asian market with huge T2 book

DKB sends strong message with debut green

Investors support CS opco trade after downgrade hit

AIG makes triumphant return to market with first euros since crisis

Bond Comments

Credit Suisse EUR1.25bn 1% Jun 23

Assicurazioni Generali EUR850m 5% Jun 48 tier two

HSBC EUR1bn 3.125% Jun 28 tier two

Deutsche Kreditbank EUR850m 0.625% Jun 21 green

Securitization

Asset Backed Securities

News

Investors question Oncilla step up margins

Accunia to bring debut European CLO as triple-A spreads hit new low

Italian consumer loans worth €2.7bn surface in primary ABS market

Triple-A woes persist for US CLO managers

Prime jumbo RMBS gets a boost with Seqouia offering

US home prices on the up, but full recovery still far off

Avant signs warehouse for UK ops with DB

Landmark looks to land debut esoteric ABS

US Solicitor General weighs in on Madden vs. Midland case

Rare drug royalties, life sciences backed deals hit ABS primary

Harley kicks into gear with new motorcycle ABS

Residential MBS

Structured Credit

Derivatives

Deutsche Börse and LSE confirm delay on merger

Gordon Dadds touts deriv doc service for uncleared margin

Illinois seeks derivs tax to fill budget chasm

ESMA clamps down on contracts for difference

Risk warnings for traders as volatility hits year-long low

Brexit fears jolt sterling bond liquidity

Corporate Bonds

News

Coca Cola and Hyundai return corporates to Kangaroo market

Big pharma pushes dollars to record high

Thales blitzes NIP amid French flurry

DAA returns after eight year absence

ESB keeps 15 year open as investors demand payment to play in €500m trade

Brexit threat spoils Draghi's corporate bond party

Relationships look set to protect fees from ECB

Bonds Comments

High yield

MTNS and CP

News

Bond Comments

Syndicated loans and leveraged finance

Investment grade or Non-leveraged loans

Delta Lloyd lands inaugural €600m loan for rainy day

Uniper preps €5bn revolving credit facility for syndication

European US PPs droop while Schuldschein volumes boom

Leveraged finance loans

Hotelbeds releases price guidance

Verisure accelerates deadline in 'dysfunctional' market

Italy's CMC kicks off €150m loan, levloans at the fore

Loans news in brief — June 2 2016

Emerging market loans

Mubadala screws down for tight margin in chunky loan refinancing

Large dose of dollars for South Africa’s Aspen

CBD follows ENBD to loans with $450m refi

Equate still fishing around for $6bn loan refi

Emerging Markets

Oman races to get in ahead of June blocks, Saudi suspense builds

Being on top doesn't mean you’re the best

News

Fed fear drives Russian corps to lock in funds

Investors bet on brighter outlook for Turkey

ECB buying changes face of CEE corporate orderbooks

Petrobras ups efforts to buy back expensive 2018s

Córboda sets price as Lat Am pipeline builds

Bladex brings Lat Am back to Tokyo Pro-Bond

Bond Comments

PKN Orlen EUR750m 2.5% Jun 2023

Republic of Turkey USD1bn 4.251% Jun 2021

League Table

Equity

Cleopatra Hospital raises E£360m for growth in IPO

Investec gets £138m to buy back prefs with 5% raise

So far, so good for rights issues of Bco Popular, Cobham, SSAB

Kansai Paint ¥100bn CB hits two sweet spots

TBC Bank to follow Bank of Georgia to main LSE list

Glanbia’s unique CB gets €100m for milk price hedge

Veneto IPO hopes fade as multiple maths makes it a hard sell

Market News

People Moves

People Moves in Brief

Columns

Leader

The Naked Broker

Credit Matters

GlobalCapital View

Food for thoughts

Southpaw

UniCredit should be bold in picking Ghizzoni’s successor

Euroblog

MTN Leak

Loans Ranger

Tuesday view

How small is too-big-to-fail?

League Tables

Loans

Bonds

Revenue

New Issues

Cartoons