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  • Philippines’ Metropolitan Bank & Trust Co is preparing to launch a Ps60bn ($1.2bn) rights issue at the end of March after getting the nod from the country’s stock exchange.
  • China Resources Land is lining up the Panda bond market’s first deal after the Chinese New Year holiday. The Rmb6bn ($946.6m) three year bond, the biggest offer in the asset class in six months, may kick start a streak of onshore transactions, said onshore DCM bankers.
  • Indian processed shrimp producer Devi Seafoods has kicked off preparations for a Rp9bn ($138.5m) IPO, filing a draft prospectus with the country’s market regulator on Monday.
  • Investor sentiment at SFIG Vegas 2018 was that MBS and other mortgage investments are now “fully priced”, though buyers are not worried that the market will reverse course dramatically in the near term, wrote analysts at JP Morgan in a note on the back of the event.
  • Wireless carrier Sprint is out with a securitization backed by spectrum licences after announcing that it would re-enter the market nearly two years after it issued its first ABS.
  • Standard Chartered has hired a JP Morgan banker to lead part of its North American corporates team.
  • Santander UK has mandated joint leads for a prime RMBS off its Holmes shelf with a view to placing notes in sterling and, for the third time this year for a UK issuer, in dollars.
  • Clifden IOM No. 1 revealed its strategy on Monday for the RMAC bonds that were offered into its controversial tender — but the fund’s approach is still fraught with risk, and Paratus AMC was quick to issue another notice trying to sink the tender.
  • Standard Bank’s Kenya branch is looking to raise $100m in the loan market, ahead of a maturity coming up for one of its loans in October.
  • The results of Italy’s general election on Sunday indicated swelling support for right wing populist ideologies in Italy, but the euro SSA market appears to have accepted the result with equanimity, although only one borrower has popped its head over the parapet so far.
  • SSA
    The SRI market is in full swing. Two borrowers are set to come to market on Tuesday, while a third is going on the road to promote its return to the format.
  • Wihuri Packaging on Monday became the third Finnish borrower to enter the Schuldschein market ever, and the second issuer from the Nordic countries to issue this year.