Compass Pathways secured US$150m on Wednesday from a follow-on share sale to fund development of its psychedelic treatment for depression ahead of potential regulatory approval.
Apollo-backed arts and crafts store Michaels has tapped the junk bond and leveraged loan markets after a long hiatus, joining a growing list of weaker but improving credit stories benefiting from the buyside’s hunt for yield and a rotation away from AI-vulnerable names.
Weeks after its highly successful return to conventional bond markets , Ecuador has inaugurated a groundbreaking new sovereign housing finance framework with a US$500m loan.
India has unveiled two major sets of reforms to broaden onshore and offshore financing options for domestic corporates, and at the same time open the market to more lenders and investors.
Supply in the corporate investment-grade euro market is expected to pick up this week, after a relatively quiet few weeks with many issuers in earning blackouts.
Mongolia mandates for US$ 6yr, launches tender offer
The Government of Mongolia has mandated HSBC, Morgan Stanley and Standard Chartered as joint bookrunners and joint lead managers on a potential US dollar six-year bond offering.
AT1 spread record finally broken as Nykredit tests new lows
Nykredit Realkredit broke a longstanding record for the tightest reset spread in the euro Additional Tier 1 market with a €500m perpetual non-call 5.5-year bond on Tuesday, a deal that revealed a range of views on the valuations of European banks' riskiest debt instrument.
Rothschild scion scorns Lazard in Mandelson correspondence
Nat Rothschild, the UK financier who is part of the Rothschild banking family, dubbed Lazard, his family’s longstanding investment banking rival, a “bucket shop” in an effort to dissuade Peter Mandelson from joining that firm in early 2011 after he left the UK government the previous year.
This year’s sharp rotation in global stock markets is encouraging more investors to pile into dispersion trades, a complex breed of derivatives that profit from share prices heading in different directions.
Missiles, mobilisation and cold: Citi Ukraine chief juggles risks after four years of war
In early January Alex McWhorter had an almost impossible annual assignment for a country chief of a major bank: he had to decide which 50% of his male staff he could protect from being called up for military service, and which he would have to make available to potentially go off to fight in a war.
This year’s sharp rotation in global stock markets is encouraging more investors to pile into dispersion trades, a complex breed of derivatives that profit from share prices heading in different directions.
Rothschild scion scorns Lazard in Mandelson correspondence
Nat Rothschild, the UK financier who is part of the Rothschild banking family, dubbed Lazard, his family’s longstanding investment banking rival, a “bucket shop” in an effort to dissuade Peter Mandelson from joining that firm in early 2011 after he left the UK government the previous year.
Missiles, mobilisation and cold: Citi Ukraine chief juggles risks after four years of war
In early January Alex McWhorter had an almost impossible annual assignment for a country chief of a major bank: he had to decide which 50% of his male staff he could protect from being called up for military service, and which he would have to make available to potentially go off to fight in a war.
India eases M&A funding and offshore borrowing rules
India has unveiled two major sets of reforms to broaden onshore and offshore financing options for domestic corporates, and at the same time open the market to more lenders and investors.
UK proposes audit changes to attract Chinese listings
The UK's accounting regulator is proposing changes to auditing rules for Chinese companies seeking to list in London as the government seeks to boost the city's appeal as a listing venue.
Supply in the corporate investment-grade euro market is expected to pick up this week, after a relatively quiet few weeks with many issuers in earning blackouts.
Mongolia mandates for US$ 6yr, launches tender offer
The Government of Mongolia has mandated HSBC, Morgan Stanley and Standard Chartered as joint bookrunners and joint lead managers on a potential US dollar six-year bond offering.
AT1 spread record finally broken as Nykredit tests new lows
Nykredit Realkredit broke a longstanding record for the tightest reset spread in the euro Additional Tier 1 market with a €500m perpetual non-call 5.5-year bond on Tuesday, a deal that revealed a range of views on the valuations of European banks' riskiest debt instrument.
Door wide open for African sovereigns as supply gathers pace
Ivory Coast and Kenya took advantage of demand for higher-yielding credit last week as the pace of public issuance from African sovereigns begins to pick up after a relatively slow start to the year.
Arts and crafts store Michaels paints rosy picture in bond comeback
Apollo-backed arts and crafts store Michaels has tapped the junk bond and leveraged loan markets after a long hiatus, joining a growing list of weaker but improving credit stories benefiting from the buyside’s hunt for yield and a rotation away from AI-vulnerable names.
Columbus Capital was the only RMBS issuer in town as it raised a record-busting A$2.7bn (US$1.91bn) from the prime Columbus Capital Triton Bond Trust 2026-1 on February 20.
The US structured finance market welcomed a flurry of ABS deals during this past holiday-shortened week, including securitisations of leases and loans backed by auto, equipment, data centre and crypto assets priced.
Lloyds Bank began marketing Candide Financing 2026-1 on Friday morning, the second Dutch prime RMBS this year, in the wake of strong demand for ING’s deal earlier this month.
Hyundai’s fourth German auto ABS achieved good support which reinforced positive momentum in the primary market and set a constructive tone for further European auto-backed issuance expected over the coming weeks.
Analysis by the Basel Committee on Banking Supervision has concluded that the growing synthetic risk transfer markets, which are estimated at €750bn across the euro area, UK, US and Canada, pose lower risks than credit securitisation initiatives carried out before the 2008 financial crisis.
Ecuador's housing finance framework breaks new ground
Weeks after its highly successful return to conventional bond markets , Ecuador has inaugurated a groundbreaking new sovereign housing finance framework with a US$500m loan.
Bank of the Philippine Islands is committed to expanding its labelled ESG bond issuance in the local market, while considering a public US dollar bond later in the year to address upcoming maturities, executives said in an interview.
Jefferies says sustainability's 'glory days' are here
US investment bank Jefferies is doubling down on its thesis that the "glory days of sustainability" are here with new data points to support the argument that the US investment bank first advanced in October.
Investors focusing on transition plans, not labels
Fixed income funds investing in transition in Europe and the UK are looking at the credibility of issuers' transition plans and strategies rather than transition labels, according to research by NatWest.
Minor International plans SGX REIT, restaurant listing in HK
Bangkok-listed Minor International is working with Citigroup and DBS on a Singapore Exchange real estate investment trust IPO of up to S$700m (US$553m) in the second half of this year, people with knowledge of the transaction said.
Robinhood opens door to retail with US$1bn private markets fund
Robinhood Markets is seeking to raise US$1bn from a closed-end fund to invest in private companies, giving retail investors the chance to buy into some of the hottest tech names ahead of what could be one of the biggest IPO cycles in capital markets history with record-breaking floats anticipated for SpaceX, OpenAI and more.
Sunway Healthcare to launch US$800m float this week
Hospital operator Sunway Healthcare Holdings plans to open books for an up to US$800m Bursa Malaysia IPO later this week, people with knowledge of the transaction said.
Compass Pathways secured US$150m on Wednesday from a follow-on share sale to fund development of its psychedelic treatment for depression ahead of potential regulatory approval.
European banks: holding on in trading and financing but lagging in dealmaking
Full-year earnings from European banks – Barclays, BNP Paribas, Deutsche Bank, Societe Generale and UBS – showed them broadly holding market share in the markets’ business, but struggling to capitalise on the upswing in investment banking.
Skipping a beat: FSB points to hidden fragilities in repo market
The repo market is the heartbeat of bond markets. Like a real heartbeat, when all is well, there is nothing more boring. But when things go wrong … watch out.
‘Software-mageddon’ underlines the K-shaped environment for tech bankers
The AI boom has been backed by investor enthusiasm – and their money – on an unprecedented scale. Investment bankers have high hopes of a huge year for deals. But just like the broader economy, will this be a K-shaped market for tech deals?
Stablecoins: meet the new boss, same as the old boss
How stable is a stablecoin? That is a question that S&P attempts to answer via its Global Ratings’ Stablecoin Stability Assessment, a product designed to quantify a stablecoin’s ability to maintain its peg to a fiat currency. It produces a score from 1, very strong, to 5, weak.
A quick glance at investment bank share prices over the past year tells a story: business is booming and the outlook is rosy. The question now, in the middle of reporting and bonus season, is how much of the profits will bank bosses have to give away to their staff.
IFR hosts a comprehensive programme of conferences, seminars and roundtables throughout the year, providing authoritative insight into the trends and outlooks for specific regions and asset classes.
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