Issue 1750

Cover Stories

Govvie market debates hopes and fears for new ECB monetary tool

Covered bond Easter bunny to deliver funding treat for banks

Waiting for an LBO: loan market scrambles for M&A deals

Ukraine volatility brings warehouse crisis in US CLO market

Block sellers hide identity to bail out of volatile stocks

Leader

Safety in numbers for sovereign defaulters

ECB meddling only exacerbates moral hazard

Public Sector

Higher SSA new issue premiums coming as investors sell holdings

SSA borrowers must accept new reality

IDB Invest goes Global with 1bp premium

Rhineland-Palatinate shocks market with 30 year euro bond

OATs wider as Macron heads for Le Pen showdown

Bond Comments

Covered Bonds

TD looks for size with dollar covered bond

‘New world’ for Swiss francs as PfZ lands three covered tranches above 1%

PBB takes broad aim with green tap

RLB NW hits the spot with five year covered bond

Financial Institutions

Rabo returns to reopen bail-in Swiss deal

TD takes size with rare three year SONIA-linked covered bond

Orix chooses green only for euro debut

Crédit Agricole scores €1.5bn bail-in bond ahead of French election

Bond Comments

Securitization

Athora Group’s Dutch RMBS part of ALM planning

Hilton timeshare ABS returns after two year pause

Corporate Bonds

Parade of corporate bond debuts to roll on despite QE ending

Amazon delivers blockbuster in time for Easter

High Yield

Syndicated Loans and Leveraged Finance

Emerging Markets

Croatia bond boosts hopes for CEE primary market rebound

CDS committee rules Russian Railways in default

Investors show more interest in South Africa’s longer-term debt

Equity

Bernstein Research picks ECM co-heads

One mandate does not an IPO market make

Political risk remains for French ECM after Sunday poll as Euroapi pushes ahead

Gore Street Energy Storage doubles share sale to £150m

Market News

ECB expected to play it cool, but markets will flinch at any hint

MUFG jumps in ahead of US earnings

EM and FX rescue quarter for JPM’s FICC division

Soc Gen signs deal to sell Russian businesses

People Moves

Crédit Agricole takes new MENA DCM chief from Emirates NBD

MUFG boosts NY aviation finance team with hire from Natixis

NAB hires infrastructure banker for new Paris office

Citi loses FIG DCM pair

Southpaw

Porsche’s souped-up syndicate leaves no room for sentiment