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Central banks and international financial institutions have raised a storm over vanishing investor protection covenants in leveraged loans. But most warnings about the market have avoided assigning blame where it is richly deserved — to the private equity industry.

Steven Nichols, who handled Southern Company’s groundbreaking entry into the green bond market in 2015 as capital markets manager, has joined BNP Paribas’s sustainable finance team in New York.

European Commission officials have played down concerns expressed by the Commodity Futures Trading Commission over a controversial EC proposal that seeks to revise European oversight of foreign clearing houses. The comments garnered a curt response from a senior CFTC official.

360 Finance has filed for a $200m IPO on the New York Stock Exchange through Citi and Goldman Sachs.

US regional lenders tapped the dollar market after reporting third quarter earnings this week, as bankers said that there were only a few remaining windows for issuance left in 2018.

Constellation Brands proved a rare highlight as a global market sell-off put the brakes on investment grade dollar bond issuance and sent borrowers scampering to the sidelines.

Tesla’s unsecured bond due 2025 climbed by two points in secondary trading on Wednesday and Thursday after the company reported it had made $312m of profit in the third quarter, beating market expectations.

This month’s global equity sell-off has devastated markets and investors' performance for the year, and Europe’s large equity capital markets houses are thinking of calling time on a challenging 2018 to give a battered buy-side some time to recover, writes Sam Kerr.

Global equity market volatility has cast a long shadow over the end of 2018, making equity capital markets issuance more difficult.

As investors push on with fighting the Banco Popular resolution decision, Pimco has succeeded in convincing a New York District Court to extract information from one of Santander’s US arms — but failed to convince to the court to force any transparency from the Spanish bank itself.

Chinese automotive marketplace TuanChe is planning to float on the Nasdaq for up to $150m, filing a draft prospectus with the US regulator on Tuesday.

Netflix has returned to the high yield market once again this week with a $2bn offering to fund its ever-increasing spend on its original films and TV shows. But instead of issuing high coupon debt, the company would have done better to look at a convert.