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Should a bank making a loan to finance a windfarm have to hold less capital against it than a loan to finance an oil rig? [ABSTRACT FROM AUTHOR]

Public sector bond market participants are having to wrap their heads around about as much regulation as those in other sectors. For some, the unique aspects of public sector issuance means there will probably be fewer headaches than elsewhere in the primary capital markets -- although problems could still arise if volatility replaces the sanguine funding conditions issuers have enjoyed this year. By Craig McGlashan. [ABSTRACT FROM AUTHOR]

There's a spring back in the steps of markets businesses, despite a slump in trading conditions from last year, and record low volatility levels. But making money in the new world order isn't about a return to the leverage-juiced fixed income flows of the pre-crisis world. GlobalCapital spoke to Olivier Osty, BNP Paribas' executive head of global markets about what it takes today. [ABSTRACT FROM AUTHOR]

Fresh supply of European leveraged loans has led to softening prices, creating opportunities for CLO managers to form new deals and bringing new investors, including Japanese buyers, into the market. [ABSTRACT FROM AUTHOR]

Shougang Corp Co, one of China's largest steel producers by volume and assets, priced its maiden euro bond on Thursday, joining a slew of Chinese names exploring the European market this year. [ABSTRACT FROM AUTHOR]

Just one borrower occupied European high yield bond pipeline at the start of this week giving the impression the market is about to slow for summer. Bain Capital's hygiene product supplier Diamond, is out on a roadshow. [ABSTRACT FROM AUTHOR]

European regulators got stuck into working on resolving a number of banking's problems this week, as investors appeared positive about the work that has already been done. [ABSTRACT FROM AUTHOR]

The article focuses on the buying of the mortgage bonds of the U.S. by the European investors. Topics included are the initiatives for selling of the bond related to single family rental (SFR) and credit risk transfer of mortgage by the mortgage companies of the U.S., challenges faced by the European investors, and comments of the mortgage company Freddie Mac's credit risk transfer's vice president Mike Reynolds.

The article provides information on the plans of the European Commission regarding the bond market in Europe. Particular focus is given to the need for debt management, the condition of the banking sector in Europe, and the regulations in the insurance markets. Other topics addressed include the impact of the Brexit on the bond market.

A flood of capital into the US middle market is fuelling a rise in CLO issuance, with the product also set to expand into Europe for the first time.

The article discusses regulations for the European Secured Note (ESN) asset class as well as the legislation for the monetary policy in Europe.

The article discusses the condition of the capital market in Europe. Particular focus is given to the placement market in U.S., the plans of the European Commission, and provides information on the Capital Market Union project (CMU). Other topics addressed include the development of financial marketers and investors in Europe.

The European Financial Stability Facility (EFSF) has surprised SSA bankers by returning to the long end with one tranche of a deal it plans to launch on Tuesday. [ABSTRACT FROM AUTHOR]

Experts from the 28 EU member states this week began discussions on new accounting rules for the banking sector set to come into force from 2018 and, particularly, on how European banks can cope with the capital volatility they will cause. [ABSTRACT FROM AUTHOR]

An interview with the Petra Wehlert, head of capital markets division, and Alexander Liebethal, head of new issues, capital markets, of the KfW bank is presented. The two investment experts talk about funding plans for their bank, along with their views of the role played by central banks in the currency market.

The recent surge of primary action in European high yield was dealt a blow on Monday when Verallia announced it had pulled its €500m pay-if-you-can bond, but market participants do not think the event will affect the market's momentum. [ABSTRACT FROM AUTHOR]

JP Morgan's chairman and chief executive was in a sympathetic mood in Washington at the Institute for International Finance last week, advocating a pause in the regulation of banks in Europe that would give them time to get on with financing the real economy. [ABSTRACT FROM AUTHOR]

There was both palpable relief and vexation among derivatives market professionals this week as the European Commission approved, albeit with amendments, rules for collecting margin on uncleared derivatives. Although this traversed a key hurdle as Europe seeks to catch up with Canada, Japan and the US, it also brought into question why there had been a delay in the first place. [ABSTRACT FROM AUTHOR]

This article presents information on a decline in the corporate bond market in Europe in the first week of October 2016 due to negative rates that discourage issuers from pre-funding. It discusses the impact of the postponement of the decision by the U.S. Federal Reserve Board on interest rates, the widening on pricing levels and concerns of investors after the European Central Bank did not provide stimulus at its monetary policy meeting in September 2016.

This article presents information on the reopening of the European collateralized loan obligation market in 2016 with a securities deal launched by PGIM. It discusses the pricing of the deal, the sole arranger for the deal, the challenge facing portfolio managers in the leveraged loan market, and allocation of bonds by other European issuers.

This article presents information on a slowdown in the number of European investment grade corporate bond issuance ahead of the U.S. Federal Open Market Committee meeting. It presents forecasts on issuance in the corporate bond market and discusses the hesitation of issuers to launch euro bonds since June 2016.

The European high yield market has taken Brexit in its stride, with already as much issuance in the four weeks since the UK referendum as in the first two months of this year. Just don't ask about the future. [ABSTRACT FROM AUTHOR]

The article discusses a report commissioned by the European Union (EU) which revealed the very low capital targets on EU banks. Topics discussed include the too low levels of bail-inable debt that European regulators are planning to impose on the banks, the recommendation to calibrate the minimum requirement for own funds and eligible liabilities (MREL) to the banks' business models, and the use of the Total Loss Absorbing Capacity (TLAC) framework.

Additional tier one debt is firmly back on the table for European banks this week, with HSBC and Erste Bank both launching new issues in a busy week for FIG supply. [ABSTRACT FROM AUTHOR]

The extraordinary levels of activity in Europe's investment grade corporate bonds hit new heights this week, as issuers burst out of earnings blackout periods and printed bonds at pace hurrying to avoid a potentially difficult June. Ross Lancaster reports. [ABSTRACT FROM AUTHOR]

Bank Nederlandse Gemeenten stormed into a quiet European market for private placements on Monday with one of its largest euro MTNs in years. [ABSTRACT FROM AUTHOR]

The article reports the issuance by Mexican beverage firm Femsa in early April 2016 of one billion euro seven year bond in its bid to exploit the European Central Bank (ECB)-driven rally in the credit markets. Lead banks are Credit Suisse, Deutsche Bank, and Banco Bilbao Vizcaya Argentaria, SA (BBVA). Also cited are the issuances by Mexican firms Pemex and América Móvil.

The article reports the move by U.S. industrial group HoneyWell International as of early March 2016 to issue its debut euro-denominated bond in four tranche amidst the positive performance of the European stock markets. The bookrunners of the deal are Barclays, Bank of America Merrill Lynch, Citi, and Goldman Sachs. Also cited is the bond issued by U.S. firm Carnival Corp.

The article discusses the challenges faced by the banking industry in Europe in 2016. Explored are issues on the banking regulation, the Financial Stability Board's Total Loss Absorbing Capacity proposal and the compliance of the Basel III standards by the European Union. Also tackled is the topic on the exposure limit imposed on the banking sector's sovereign debt holdings.

The article reports on the decision of financial services company Credit Suisse Group AG to back out from the primary dealerships at the European banking sector in 2016.

The article reports on the market performance of direct lending in 2015 in Europe. It states that the said year was good for direct lenders as banks stopped lending to mid-market companies. According to the author, 2015 was the year when direct lending showed a fairly straightforward pitch and when banks did not give up.

The article reports that regulation hinders the private placement (PP) market in Europe despite its role in promoting the Capital Markets Union (CMU) initiative. Topics discussed include Allen & Overy's survey showing the increase in the number of companies using PP as an alternative finance and the disparity of different tax systems.

The article discusses the highlights of the 2016 City & Financial's conference on the European securitization market which was held in London, England. Topics discussed include the regulatory proposals in the European securitization market to promote the asset-backed securities (ABS) product and panellists' concern over the declining participation of investors in the market.

Markets hiccuped on Thursday as the European Central Bank's policy announcement failed to live up to hype. But, while investors may not have loved Mario Draghi's restrained tone, they admit his thinking is sound. [ABSTRACT FROM AUTHOR]

Nineteen eurozone countries with as many legal systems, 23 officially recognised languages, 3,500 banks and just one supervisor. Sceptics say the ECB's Single Supervisory Mechanism (SSM) has an impossible task. In the first year alone, it has achieved an enormous amount, but the hard work may be just beginning, writes Virginia Furness. [ABSTRACT FROM AUTHOR]

The article reports on the proposed issuance of three European sovereigns for 2016 and their revised funding targets for the fourth quarter of 2015. Topics discussed include the funding plans of France, Germany, and Sweden, the expected decrease in France's 2016 budget deficit, and the decision of Germany to reduce its 2015 funding target by 6 billion euros.

The article reports on the declining but still positive index returns of the high yield market in Europe in 2015. Topics discussed include the severe slowdown of issuance in September, the negative news that adversely affected the market such as the bailout of Greece and the slowdown of the Chinese economy, and the high yield returns accompanied by a large divergence between regions.

The article discusses the highlights of a 2015 executive roundtable about European banks in the Samurai bond market. Topics discussed include the issuance patterns in the Samurai market, the resurgence of Euroyen from large U.S. corporates, and the performance of the Pro-Bond market and the capital market in Europe.

The article discusses the collateralized loan obligations (CLO) as a way to help channel credit to small and medium enterprises (SME) in Europe. Topics discussed include the author's argument that CLOs are not important part of corporate financing and policymakers and regulators' goal to move Europe away from its reliance on bank financing and towards a capital markets model.

The article reports that U.S. investment banks are creating merger and acquisition (M&A) teams to help prepare clients in Europe for activities from activist funds. Topics discussed include the growing dominance of U.S. investment banks in Europe and advising the corporates in the region against growing interest from activist shareholders.

The article reports that the slowdown in leveraged loan issuance in Europe is expected to continue in September 2015. Topics discussed include the factors behind the lack of activity in the leveraged loan market, some bankers expressing optimism that the market remained open despite the volatility in Greece and the total leveraged loans issuance in June-July 2015 compared with a year ago.

This year has already proven to be a record one in terms of Chinese issuers taking advantage of the low yielding environment in Europe. But a pair of landmark trades over the past two weeks could drive issuance to scale even greater heights this year, writes Rev Hui. [ABSTRACT FROM AUTHOR]

European banks have rolled up their sleeves and got on with the job of issuing loss-absorbing instruments to meet the new capital demands of Basel III, with another €80bn of capital printed across additional tier one (AT1) and tier two in 2014. AT1 accounted for 48% of capital volume in 2014 as banks made strides towards filling their 1.5% of risk weighted assets bucket. Still more banks have made debuts in the AT1 market in 2015 and many early issuers are expected to return to take advantage of cheaper pricing later this year. [ABSTRACT FROM AUTHOR]

The article reports the successful issuance by European aircraft maker Airbus of a 500 million euro deal in the convertible bond market in July 2015. Also cited are the bond deals issued by such firms as property company Kennedy Wilson, information technology (IT) and consulting entity Atos, and food processor Heinz, as well as the appointment of bank Société Générale as global coordinator of the Airbus transaction.

The article reports that the uncertainty over Greece's debt negotiations have affected the European sovereigns, supra-nationals and agencies (SSA) market. Topics covered include the expectations that investors will wait for concrete developments in the debt negotiations and an analyst's opinion that any SSA issuance would most likely be a defensive trade.

This article presents information on the downgrade in ratings of banks in Europe in 2015. It discusses the average rating of a European bank before and after the financial crisis, the issuance of new hybrids by banks in Europe, and the increase in earnings of the top 20 European banks based on data from the European Banking Authority.

This article presents information on the responses from bondholders to the exchange offer and consent consolidation by iron ore pellet producer Ferrexpo for its April 2016 dollar Eurobonds on June 15, 2015. It discusses the conversion of the exchange offer into cash and bonds and the similarity of the offer to the company's exchange offer from January 2015.

This article presents information on volatility in the euro market for public sector borrowers. It discusses the result of a seven-year benchmark launched by banking firm KfW, criticisms of the deal by bankers, the impact of volatility on issuers, and the performance of deals in the short-end dollar market.

The article reports that proposals for bank structural reform allowing regulators to drop rules for banks under their supervision was voted down by the European Parliament's ECON committee on May 26, 2015, which means that the bank split rules could bee back on its original format unless the parliament drafted new amendments. Topics discussed include factors that contributed to the lost in momentum in recent months including bank split plans of several major countries.

The article reports that iron ore pellet producer Ferrexpo announced a second exchange offer on its 2016 dollar bonds while a primary restructuring agreement was reached by State Export-Import Bank with its own bondholders, which continues rounds of consent solicitations from troubled Ukrainian companies. Topics discussed include the difference between Ferrexpo's previous deal with its second exchange and details about the agreement between State Export-Import Bank and its bondholders.