Issue 1748

Cover Stories

‘Party over’ as ECB cuts primary market orders

Russian Railways rattles but Swiss investors stand firm on EM

SSA issuers battered as tempest of change rages

Hunger for bank capital shows just how far and fast markets have rebounded

Pernod’s liquor, Sanofi’s medicine show SLBs’ attraction

Leader

Monetarism — the real casualty of QE

Mending flawed Taxonomy will help, but world has moved on

Public Sector

ADB prints floating rate dollars

SSAs change tactic as euros light up

Dollar door open as CPPIB and NIB print

EFSF trade shows end-of-Pepp anxieties

Swap spreads finally narrow in SSA

Bond Comments

Covered Bonds

Santander issues largest UK covered bond in euros

Finland’s OP prices green covered bond flat to fair value

Westpac prices flat to NAB in covered bonds

BMO prices covered bond inside RBC

Financial Institutions

Norwegian savings banks hit home market

Bail-in bonanza as bank bond issuers take size in euros

Single-B Co-op prints green senior sterling at 6%

Santander and Scotia add to strong sterling supply

Corebridge looks to ink $6bn debut as Yankee banks forge ahead

Bond Comments

Securitization

Oodle adds to auto ABS resurgence

ECB eligibility drives wedge between auto ABS deals

PineBridge closes first CLO for three years with equity from insurer

Corporate Bonds

US corporates dash for cash in better conditions

High Yield

Syndicated Loans and Leveraged Finance

Emerging Markets

Argentina bonds bounce after IMF but hard work to come

Equity

Greencoat Renewables to raise €280m

Block sellers to take advantage of calm while they can

Revival of equity-linked issuance tipped as rising rates bite

BE Semiconductor Industries re-opens convertible market

Deutsche sells Nexi shares gained in SIA merger

Barclays block trade after ETF mess-up shows appetite for bank deals

Market News

BBVA commits ‘indefinitely’ to remote working

Strip club firings create gap in DB’s Spac business

People Moves

Spain’s De Ramón-Laca joins IMF

Amundi creates dedicated ECM desk

Invesco veteran joins MidOcean as senior CLO PM

Deutsche hires real estate banker from UBS

Barclays hires from Créd Ag for FIG syndicate in Paris

DZ picks ex-Deutsche banker to replace Köhler in treasury role

Mizuho makes EMEA project bonds chief redundant

Credit Suisse hires TMT banker back from Amazon

Southpaw

Strip club trip a slap in the face to Deutsche’s cultural overhaul