Deutsche Bank has hired Eric Whorton for its Asia Pacific origination and advisory business, according to people familiar with the matter. 

US special purpose acquisition company IPOs are making a comeback after a change in leadership at the Securities and Exchange Commission, with volumes up more than threefold compared with last year. 

Citigroup has appointed Drago Rajkovic as global co-head of mergers and acquisitions, according to a memo seen by IFR.

When London’s Alternative Investment Market celebrated its 30th anniversary on Thursday with an opening ceremony attended by representatives of some of the more than 4,000 firms that have raised capital on the market, the party atmosphere was dampened by questions about what the future holds for Europe’s pre-eminent market for growth companies.

After a busy last week where eight issuers raised nearly €9bn, the European high-yield market saw another strong start on Monday when seven deals appeared, including one from the emerging markets arena.

Three investment-grade corporate issuers went ahead with deals in the euro market on Monday but others decided to hold back following US strikes on Iran over the weekend.

The primary market for FIG debt continued to defy geopolitical concerns on Monday as deeply sub-investment-grade Greek Additional Tier 1 paper flew out the door and riskier products in general proved to be the most sought after.

The bid for credit is as strong as ever, and no more so than in the euro high-yield market where a number of borrowers upsized deals last week and still managed to squeeze pricing.

Malaysian pawnbroker Ta Yoong is readying Asia's, and likely the world’s, first securitisation using gold-backed pawn loans as collateral.

The Australian structured finance market reopened on June 17 with a couple of atypical deals that drew strong demand from investors seeking alternatives to non-conforming RMBS that have dominated supply. 

DailyPay on Tuesday issued a US$200m two-year securitisation of short-term salary advances, marking the first time this consumer asset has appeared in the asset-backed market.

Laura Coady has left her position as global head of CLOs at Jefferies for a major role at Blackstone Credit and Insurance.

London Climate Action Week is raising its profile with many US-based asset managers in attendance this week as the city gears up to play a more prominent role in global sustainable finance as a result of the sharp pullback by the US.  

Tideway, the operator of the Thames Tideway Tunnel known as London's "super sewer", has updated its sustainable finance framework to include blue issuance as the project nears completion.

Security is at the top of the global agenda in a period of heightened geopolitical instability and conflict and could change the path of sustainable finance – if investors warm to the idea.

Clean energy developers will be able to continue to transfer and sell tax credits under the latest US Senate proposal for the budget reconciliation bill, preserving a key financing mechanism for companies to build some green projects.

German medtech Brainlab has a set a range of €80–€100 per share for its roughly €400m IPO, wider than recent deals and perhaps reflecting the potential risk of launching in the wake of the US attacks on Iran. 

When London’s Alternative Investment Market celebrated its 30th anniversary on Thursday with an opening ceremony attended by representatives of some of the more than 4,000 firms that have raised capital on the market, the party atmosphere was dampened by questions about what the future holds for Europe’s pre-eminent market for growth companies.

US special purpose acquisition company IPOs are making a comeback after a change in leadership at the Securities and Exchange Commission, with volumes up more than threefold compared with last year. 

Nasdaq-listed Indian online travel company MakeMyTrip has raised US$2.69bn through convertible bonds and shares to buy back a portion of super-voting shares from China’s Trip.com.

Skechers is planting both feet in the leveraged finance market with a huge slab of debt that will help finance the footwear industry’s biggest buyout, with US$6.4bn-equivalent on offer to fund 3G Capital’s acquisition of the company.

Direct lenders are competing aggressively against banks to snap up the meagre supply of leveraged buyout loans in Europe, tenaciously sticking to historically tight price levels even after tariffs rocked the liquid market. 

Coal miner Coronado Global Resources has signed a new US$150m three-year senior secured asset-based lending facility with an affiliate of Oaktree Capital Management to amend and restate an existing borrowing from 2023.

Lenders to Casino’s €1.41bn term loan B due 2027 are concerned they will face a haircut on the loan, having already experienced significant losses as a result of the company’s 2024 debt restructuring.