SECURITIZATION

News

• Public deals could go private to escape Reg AB II rules
• Bankers brace for ABS buying as BlackRock joins ECB team
• Revved up auto ABS to welcome new Merc
• CBA heads for size increase as RMBS orders top A$3bn
• FCA says just 1.2% of RBS mortgage advice sound
• UK mortgages down but lenders preparing RMBS
• Autos could go private to avoid enhanced disclosure
• California Republic preps third prime auto deal of year
• Venture debt backed ABS face Moody’s downgrades
• CLO issuance continues apace as risk retention nears

CORPORATE BONDS

News

• BMW’s bold €1.75bn opens new phase of minuscule coupons
• M&A to drive Europe corporate bond issuance as deals mount
• US bonds eye big September after UST rally
• Volvo nips back with tight €350m FRN
• Australia’s Transurban hits road in Europe
• Spanish water utility seeks €200m debut
• EIB enhances its first German project bond
• Speyside bond pays premium for size and lack of rating
• Origin to bring €750m-€1bn hybrid after sticking by old deals

HIGH YIELD

News

• HY’s return to inflows cheers levfin bankers

MTNS AND CP

SYNDICATED LOANS AND LEVERAGED FINANCE

Investment Grade or Non-Leveraged Loans

• Vitol breaks summer lull, launching $5.5bn revolver to lenders
• Fuller's tops up bank facilities, adding £30m with refi

Leveraged Finance Loans

• Leveraged loans, news in brief - 29 August, 2014

Emerging Market Loans

• Magnificent seven keep Russian loans alive
• Loan banks woo Kazakhs as Kazakhmys leads talks
• Vakifbank adds to Turkish wave

EMERGING MARKETS

News

• South Africa gets sukuk ball rolling as flurry of sovereigns expected
• Latin bond market ready and waiting for September revival
• Bahrain sets roadshow dates for long dollar bond
• Burgan Bank brings first Kuwaiti tier one perpetual
• Turkey markets Samurai in record yen year
• Ghana plans LM exercise alongside new bond
• Ramírez NY plan gives Sidetur holders hope
• Brazil’s GOL cruises to stable outlook with new LM

EQUITY

News

• LSE launches Russell funding rights issue at tight discount
• Imtech launches €600m rights, year after similar rescue deal
• Equity capital markets, news in brief — August 29, 2014

DERIVATIVES

News

• SG sees Japan buyback outperformance interest
• CDS notional continues decline by 27%
• BES spreads fund caution on peripheral banks ahead of AQR
• Demand for euro options spikes post-Jackson-Hole
• Vol funds enter OTM calls on forward variance swaps
• Liability concerns put buysiders off delegated trade reporting
• Investors take profit on long dollar/yen trades
• Investors target short-dated S&P puts

MARKET NEWS

News

• ICMA revamps sovereign default rules
• Deutsche fills gap as German giant parks Clarke in SSA hot seat
• Upstart UBS threatens CS’s home market hegemony
• SME lending down despite mortgage-free FLS
• Cap markets drives RBC to share highs
• Moves In Brief, August 28, 2014

COLUMNS

Leader

• ECB to print euros for Christmas
• Russian loan club defies events — for now

Southpaw

• StormHarbour confident of success whatever the weather

MTN Leak

• Leak: Lost in Iceland

GlobalCapital View

• Africa is no quick fix for dearth of Russian loans
• Don't ignore Sing dollars once the summer lull is over
• AT1 investors are naked. Give them some CDS
• CBs to price through swaps if QE comes