McClatchy whacks out killer headline as CDS pays 98 cents
A month ago, when US newspaper company McClatchy triggered a bankruptcy credit event, sellers of CDS protection may have consoled themselves they were only looking at paying out around 27 cents on the contracts. But yesterday’s credit event auction set the final price at just two, meaning a whopping 98 cent windfall for protection buyers

McClatchy bonds point to 50 cent CDS pay-out as auction deliverables finalised
McClatchy CDS in on course to pay out around 50 cents, based on cheapest bonds to deliver, after the Americas Determinations finalised five deliverable obligations for the media company’s credit event auction next week

McClatchy initial list points to 48 cent CDS pay-out
McClatchy CDS looks set to pay out around 47.5 cents to protection holders, if bonds on an initial list of deliverable obligations for the media company’s credit event auction make it to the final list

LGIM hires ESG head for real assets division
Legal & General Investment Management’s LGIM Real Assets has appointed Sheun Chan as head of environmental, social and corporate governance  

Danish pension backs green bonds
Sampension is set to boost its green portfolio, by allocating DKK300 million to German and Irish green bonds

ABS investors show increased interest in green securitisations to reach EU climate targets
Securitisation is being touted as a tool to help close the yearly investment gap of €180 billion needed to achieve the EU’s climate and energy targets by 2030, as identified in the European Commission’s sustainable finance action plan, which was published last year.

Danish pensions join forces on green strategy
Danish Prime Minister Mette Frederiksen has announced that Danish pension funds are set to commit DKK350 billion in green investments, during an event prior to UN Climate Summit in New York  

White Oak lands role in California's clean energy financing programme
The California Statewide Communities Development Authority (CSCDA) has named White Oak Global Advisors as the programme administrator for  commercial property-assessed clean energy (Pace) financing

NNIP and FMO gain $250 million for emerging markets loan fund
The pair are aiming for a $750 million second close later this year

Ukraine plays boost Spanish distressed fund
A recently launched credit hedge fund makes strong returns from betting on Ukraine

CDS takes hit in Latin America as risk aversion spreads
CDS takes hit in Latin America as risk aversion spreads

Patino probe adds to Latin CDS rollercoaster
A congressional hearing into whether Ecuador Finance Minister Ricardo Patino acted inappropriately in discussing bonds and credit default swaps relating to its latest coupon payment in February opened up new concerns for CDS market participants.

Venezuela and Argentina make slow recovery after bond dump
Venezuela and Argentina credit markets are still recuperating from a bond dump by an ABN Amro fund in recent weeks.

Ecuador credit rallies on Correa generosity
A strong rally in Ecuador’s cash bonds and in its CDS over the past few sessions has renewed investors’ faith in the sovereign

New law may kick-start Turkish credit
New law may kick-start Turkish credit

Week beginning 16 February
Week beginning 16 February

Emerging market volatility spices up trading
Emerging market volatility spices up trading