Syngenta sows seeds of giant HK IPO
Seeds and crop protection giant Syngenta Group met banks last week to pick IPO arrangers for what could be the largest listing in Hong Kong in seven years.
Forgent powers through jumbo IPO as AI buildout fuels demand
Forgent Power Solutions raised US$1.5bn late Wednesday from an NYSE IPO that was heavily oversubscribed, though the lead banks were reluctant to push too hard on pricing.
Prasad Gollakota
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.
BNP Paribas pledged to grow its net income by one-third by 2028 after reporting a 28% jump in profit last quarter, including a resilient but unspectacular performance in investment banking and trading.
Evercore and PJT Partners reported their best fourth quarter and fully year results as the market for mega mergers soared in 2025 and restructuring mandates continued to build.
Senior JP Morgan investment banker Ina De will retire later this year, after almost 39 years at the firm spanning debt and equity capital markets, derivatives and other areas, the US bank told staff in a memo on Thursday.
UBS increased its returns target for 2028 after delivering bumper annual results as its takeover of Credit Suisse continues to bear fruit and it delivered record fourth-quarter trading revenues, up 17% from a year earlier.
Cipher Mining sold more junk bonds on Wednesday to fund yet another Texas-based data center, raising US$2bn amid hefty demand for the Amazon-backed deal despite a volatile backdrop in the broader markets.
The Republic of Poland successfully printed one of the largest international yen bond deals on Friday, even though the market was on tenterhooks ahead of Japan's February 8 snap elections.
National Bank of Greece made its long-awaited debut in the Additional Tier 1 market on Thursday with a €500m perpetual non-call 5.5-year note that set a new tight reference point for the Greek product.
Ceska sporitelna returned to the euro market with exactly the same bond structure as on its last two visits, but at a much tighter spread than before.
NextEra Energy raised about US$2.8bn equivalent across euros and dollars on Tuesday through the sale of senior unsecured bonds as the electric power and energy infrastructure company rides on the coattails of Silicon Valley tech giants rushing to source power for their AI data centers.
M&T Bank is readying its first securitization exclusively comprising loans originated for recreational vehicles, a rarity for this niche asset in the structured finance market.
A Blackstone joint venture is in the securitization market with a US$3bn offering to refinance the Cosmopolitan casino on the Las Vegas Strip that it purchased in 2022.
Australian digital financial services company Zip broke new ground with its 12th buy now, pay later consumer loans ABS, the A$300m (US$210m) Zip Master Trust Series 2026-1, which priced on January 30.
General Motors on Tuesday kick-started US asset-backed issuance in February on the heels of a solid January when issuers sold more than US$27bn of supply.
Sao Paulo water utility Sabesp has delivered a landmark for Latin American sustainable finance, issuing by far the largest blue bond yet while showcasing what bankers say is a fast-emerging way to bring bond investors into multilateral A/B lending structures that have been traditionally dominated by banks.
The International Fund for Agricultural Development has added two new buyers to the ESG private placement strategy it initiated three and a half years ago.
ING Groep on Wednesday attracted more than €7.5bn of demand for a two-part €2.5bn green holdco senior transaction, as investors get used to ever tighter spreads in the product and focus instead on attractive yield entry points.
EU Green Bonds totalling €24bn-equivalent have been issued since the bloc adopted its Green Bond Standard in December 2024 and volume is expected to grow steadily this year, according to research by Natixis.
Asia's equity-linked issuance has got off to a rapid start this year, with 15 deals raising US$9.9bn on strong investor appetite for the product.
Liftoff Mobile postponed its planned Nasdaq IPO this evening amid a selloff of software stocks over investor concerns about the impact of AI on business models, a banker involved in the offering process told IFR.
Forgent Power Solutions raised US$1.5bn late Wednesday from an NYSE IPO that was heavily oversubscribed, though the lead banks were reluctant to push too hard on pricing.
Eikon Therapeutics raised an upsized US$381m late Wednesday from its Nasdaq IPO that included participation by Merck, a banker involved in the offering told IFR.
As more foreign financiers increase their involvement in leveraged finance in Japan, the market practices and terms they bring with them are shaking up the country's traditionally conservative lending landscape.
A S$5bn (US$3.93bn) borrowing backing a KKR-led consortium’s proposed acquisition of ST Telemedia Global Data Centres is likely to be clubbed among top-tier banks, leaving retail lenders out of the largest leveraged buyout loan from the sector in Asia Pacific.
Banks that underwrote financing to back cloud-based revenue lifecycle management company Conga Corp’s acquisition of the business-to-business division of Pros Holdings have been forced to fund a US$625m term loan to back the transaction after they failed to place a larger facility with institutional investors, according to a source with knowledge of the deal.
Musical instrument and audio equipment retailer Sweetwater Sound is in the market with an US$825m first-lien term loan B to refinance existing debt, according to a source.
Out of fuel
For all the excitement generated by a relatively decent start in the European IPO market – not to mention the prospect of jumbo IPOs from the likes of SpaceX, OpenAI and Anthropic in the US – a look at the wider picture when it comes to European ECM would still be enough to depress even the most excitable syndicate banker.
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Read the latest stories from the magazine IFR 2618 - 31 Jan 2026 - 6 Feb 2026
31 Jan 2026 - 6 Feb 2026