BNP Paribas lifts growth goal after "pivotal" Q4
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.
BlackRock anchors Clear Street's US$1.05bn Nasdaq IPO
Clear Street launched marketing on Wednesday of a US$1.05bn Nasdaq IPO with a sizable anchor from BlackRock, giving the digital-native broker a powerful endorsement as it seeks to disrupt long-entrenched players in securities and derivatives trading.
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.
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.
Hamburg kicked off what is set to be a second wave of supply from German sub-sovereigns as it sold a bond at the very short end of the curve on Thursday.
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.
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.
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.
Seeds and crop protection giant Syngenta Group met banks this week to pick arrangers for its potential giant Hong Kong IPO, said people with knowledge of the matter.
Bob’s Discount Furniture raised US$330.7m late Wednesday from its NYSE IPO, just months after paying Bain Capital and other shareholders a dividend.
Clear Street launched marketing on Wednesday of a US$1.05bn Nasdaq IPO with a sizable anchor from BlackRock, giving the digital-native broker a powerful endorsement as it seeks to disrupt long-entrenched players in securities and derivatives trading.
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.
Data centre developer STACK Infrastructure has launched a A$2.96bn (US$2.07bn) five-year project financing into general syndication.
Beleaguered orange juice maker Summi (Group) Holdings has reached a debt restructuring agreement with five of its six lenders, gaining a brief relief from a debt crisis that worsened after the banks filed a winding-up petition a year ago.
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