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China’s Guangdong Lingyi iTech Manufacturing Co, a company focused on making magnetic materials, electric motors and electric wires for automobiles, computers and mobile phones, has hit the market for a $150m loan.

South Korean e-commerce company Coupang has increased the price range for its US IPO a day before wrapping up the deal, now putting proceeds of up to $4.08bn within reach.

Holders of more than 96% of Entre Rios bonds participated in a consent solicitation that will grant the issuer debt relief and see creditors abandon legal action, leaving just three Argentine provinces in default.

The Consumer Financial Protection Bureau has pushed back the date for lenders to comply with its ‘qualified mortgage’ rule by more than a year, easing conditions for homeowners and lenders, but potentially opening the door to riskier underwriting.

Obvion has mandated Rabobank and Société Générale for its €500m Storm 2021-1 transaction, offering a single tranche to investors with a 75bp coupon over three-month Euribor, expected to price above par. The transaction is the issuer’s first since the Covid-19 lockdowns began.

The strong CLO volumes, both new issue and repricings of existing deals, has started to weigh on spreads, softening pricing across mezzanine tranches over the last 10 days, signaling that demand is started to be overwhelmed by the heavy supply.

Covid-19 has made combining market-friendly economic policy with retaining popular support even trickier than usual for Latin America's politicians. In turn, it has become harder for bondholders to read the political tea leaves when weighing up where their money is best parked. For instance, investors who once loved Jair Bolsonaro's Brazil are now high-tailing it to other markets, including El Salvador, where another populist has just won power. In a busy year for LatAm elections, and with the pandemic still raging, allocating capital in the region's bond markets will be trickier than usual.

Ahold Delhaize, the Dutch food retailer, has mandated banks for a debut sustainability-linked bond, as it continues to push its capital structure towards socially conscious financing.

Heathrow, the London airport, landed a solidly executed £350m seven year bond on Tuesday, carried by the strong tailwind of the UK moving out of coronvirus lockdown.

Bookrunners for APA Group, the Australian gas and electricity company, had a rough time in the euro and sterling bond markets on Tuesday, and they only managed to nudge spreads tighter.

The secondary Schuldschein market, typically something of a backwater, has become a torrent of activity and is now busier than the product’s primary market, according to several sources, as banks rush to buy assets ahead of an ECB deadline for cheap funding on March 31. However, there are fewer banks deleveraging from their risk-weighted assets, and many more buyers than sellers.

The rise in US Treasury yields in reaction to the government's $1.9tr stimulus package has prompted a shift in equity markets away from highly valued tech stocks that may do less well if interest rates rise as a result of higher inflation. But if the switch means investor portfolios reflect the wider economy, that is a positive development.