Defence business Czechoslovak Group is set to kick off a potentially €2bn–€3bn Amsterdam listing this week, in the biggest European IPO so early in the year since 2021.
BitGo launched marketing early Monday for an NYSE IPO sized at up to US$201m, smaller than what some had expected but valuing the company at a slight premium to its last private round of funding.
South American miners Marcobre and SQM launched investor meetings on Monday to gauge appetite for potential US dollar bond offerings, continuing the Latin American US dollar dealmaking surge that started last week amid strong liquidity.
The big start-of-year blowout showed no signs of stopping on Monday as senior and hybrid corporate issuers found strong demand and priced deals with little new issue concession.
The European Financial Stability Facility has cleared €7bn of funding following another weekend of drama centring on US president Donald Trump's administration.
Silicon Valley Bank will be remembered for making the most obvious mistake in banking; ineffectively managing the risk created by a mismatch between the duration of its assets and liabilities. When rates rose, SVB was exposed, leading to a deposit run on the bank, followed by a federal backstop of deposits .
UBS says Swiss capital proposals put it at disadvantage
UBS has said proposals by the Swiss authorities that it fully capitalise its subsidiaries outside the country, such as in the UK, US and the European Union, “are not proportionate, targeted or internationally aligned”.
Moves – Barclays hires Mazure for Europe financial institutions
Barclays has hired veteran Societe Generale banker Jean-Francois Mazure as head of financial institutions and nonbank payment service providers, as part of a build up of the bank's European business.
Venezuela bonds trade up but complex debt restructuring now looms
Cash prices of Venezuela bonds jumped after the US captured the oil-rich Latin American state’s president Nicolas Maduro on January 3. But sovereign debt restructuring experts cautioned that US president Donald Trump’s call for US oil companies to invest in a US-run Venezuela could cap recoveries for bondholders in what will already be an extraordinarily complicated restructuring.
Trump’s Venezuela adventure provides further fuel for dollar bears
Foreign exchange traders’ initial reaction to US president Donald Trump’s capture of Venezuelan president Nicolas Maduro was to buy the US dollar, briefly sending a broad-based measure of the currency to its highest level in nearly a month.
Investment banking fees surpassed US$137bn in 2025, the second-best year on record after a 25% surge in the second half of the year thanks to a late flurry of M&A deals and public listings, which added to bumper debt issuance throughout the year.
South American miners Marcobre and SQM launched investor meetings on Monday to gauge appetite for potential US dollar bond offerings, continuing the Latin American US dollar dealmaking surge that started last week amid strong liquidity.
Covereds show signs of repricing amid Monday's FIG flurry
FIG issuance was concentrated on the euro market on Monday with a combined €9bn raised across asset classes. The uptick follows a week where US dollar activity was at the forefront and comes ahead of imminent blackout periods.
The big start-of-year blowout showed no signs of stopping on Monday as senior and hybrid corporate issuers found strong demand and priced deals with little new issue concession.
The European Financial Stability Facility has cleared €7bn of funding following another weekend of drama centring on US president Donald Trump's administration.
The European Investment Bank has finished its trip around the three major funding currencies with a new sterling benchmark. It completed the feat within five business days, flexing its popularity with investors across currencies.
Trump puts single-family rental issuers on defence
US single-family rental issuers were on the back foot in the wake of US president Donald Trump seeking to ban large investors from buying more homes in an effort to address housing affordability.
The European CMBS market will get off to a quick start as Sirius Logistics 2026-1 UK was unveiled by Bank of America, Standard Chartered and Wells Fargo Securities for pricing in the coming week. Calls with the sponsor, Blackstone's last-mile logistics operator, Mileway, were available on request.
The auto sector led the first wave of asset-backed supply in 2026, amid expectations that issuance from this sector will hit a record on the back of strong consumer-borrowing trends.
Oncourse Home Solutions is reopening the whole business securitisation space in 2026 with a jumbo deal to take advantage of favourable funding conditions.
Together Financial Services said on Thursday it has enhanced its Highfield Asset Backed Securitisation 1 and Brooks Asset Backed Securitisation 2 warehouses. The maturity of the £725m HABS1 warehouse has been extended to December 2029 from December 2027.
Chile, the first and largest issuer of sovereign sustainability-linked bonds, has bolstered the US$16bn market with a landmark biodiversity pure-play bond after an absence of more than two years.
ENBD prints first 'turquoise' deal with blue and green mix
Emirates NBD has priced a US$700m five-year green bond and a US$300m three-year blue bond, which is the first public benchmark blue bond in the Middle East.
The Port of Rotterdam Authority priced what a major investor said was the first corporate bond with proceeds to be used exclusively for carbon capture and storage.
Split-rated Benin (B+/B1/BB–) is pulling together a US$500m blended finance package for sustainable public transport that includes the Asian Infrastructure Investment Bank’s first loan in the West African country and also involve the International Development Association, the World Bank Group’s concessional lender for the poorest 80 countries.
ILX, the emerging markets private credit investor founded by former European Bank for Reconstruction and Development chief financial officer Manfred Schepers, has appointed Kirstine Damkjaer as chief investment officer.
BitGo launched marketing early Monday for an NYSE IPO sized at up to US$201m, smaller than what some had expected but valuing the company at a slight premium to its last private round of funding.
Veradermics targets hair loss market with Nasdaq IPO
Veradermics filed on Friday afternoon for a Nasdaq IPO to fund late-stage trials on an oral extended-release formulation of minoxidil as a treatment for hair loss.
Defence business Czechoslovak Group is set to kick off a potentially €2bn–€3bn Amsterdam listing this week, in the biggest European IPO so early in the year since 2021.
China high-tech listings gather pace as battle for tech supremacy heats up
The pace of large Chinese high-tech listings is accelerating, driven by the country’s strong push for self-reliance in strategically important sectors amid a technology war with the US.
Kicking off what leveraged finance bankers hope will be a busier year for acquisition financings, diagnostic and medical imaging company Hologic on Tuesday launched a US$7bn-equivalent first-lien term loan B that will part-fund the acquisition of the company by Blackstone and TPG in a deal valued at US$18.3bn.
The dual-currency term loan B backing Apax Partners' acquisition of the treasury and capital markets unit of UK software company Finastra Group launched on Tuesday with margin talk that looks to offset lender concerns around a thin equity cushion.
Syndicated lending in Europe, the Middle East and Africa totalled US$1.51trn in 2025, a 35.5% increase on the US$1.11trn raised in 2024 and the highest volume since 2007, according to LPC data.
US market raises record US$3.6trn of loans in 2025
US lenders completed more than US$3.6trn of retail loan issuance via the broadly syndicated loan market in 2025, a 12% increase from 2024 and a new record.
Syndicated lending in G3 currencies in Asia Pacific ex-Japan rose to a five-year high as stability returned after a tepid first half marked by the imposition of US tariffs.
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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