Top Stories
View all Top Stories action menu icon

Asia credit investors diversify

Fund managers focused on Asian US dollar credit are adjusting their investment criteria as traditional issuance dries up and local currencies look increasingly attractive.

BON SEC

M&A movers take advantage of quiet FIG senior market

Banco Bilbao Vizcaya Argentaria showed investors still have plenty of demand for the right trade heading into the summer break with a €1bn five-year senior non-preferred on Tuesday, while fellow M&A mover Banca Ifis tapped the senior preferred market.

BON
Top Stories Promo Image

European HY pipeline quietens after record month

After a record month of supply in June, the pace of issuance in the Europe's high-yield markets has slowed, with just three deals on offer this week.

BON

Investors just eat up Prosus deal

Lifestyle ecommerce group Prosus found strong demand for its €750m 10-year deal on Tuesday in its first outing in the currency since 2022.

BON

Long dollar bid shows up for IDB

The Inter-American Development Bank has lengthened this year's chain of well-bid long-end US dollar SSA benchmarks , undermining that part of the market's reputation for more prickly interest. "It was an incredibly strong reception right from the start," said a lead on the trade.

ESG BON

EU and KfW underline firm euro bid

The European Union and KfW highlighted the depth and quality of the euro bid across the curve when they comfortably cleared €12bn of new debt in tenors ranging from three to over 20 years.

ESG BON
Jezz Farr

I have a degree in fine art; sculpture, actually. I don’t think it offered much in preparation for a life in financial services communications but it was fun. One thing I learnt early on is that a finished piece rarely looked much like the original object in my mind’s eye. But that was ok. I always felt part of the art was the evolution of an idea.

P&M
Top Stories By Asset Article Promo
Moves – Former UK PM Sunak rejoins Goldman as adviser

Former UK prime minister Rishi Sunak has rejoined Goldman Sachs as a senior adviser, his first major role since he resigned as leader of the Conservative Party after the party's heavy defeat in the July 2024 general election.

P&M
Top Stories By Asset Article Promo
Moves – BNP Paribas reshuffles CIB leadership

BNP Paribas has reorganised the leadership of its corporate and institutional banking unit as part of a wider range of changes.

P&M
Jane Street rejects Sebi's market manipulation charges

Jane Street rejects the substance of India’s financial regulator’s order banning the US proprietary trading firm from accessing the local securities market, and is preparing a formal response, according to an internal company email seen by IFR.

P&M
Top Stories By Asset Article Promo
Societe Generale gains ground in fixed income trading push

Societe Generale’s drive to expand fixed income trading is starting to bear fruit, as the French lender pushes ahead with plans to diversify its markets division beyond the structured equity derivatives business that has underpinned its trading revenues for years. 

P&M BON
Top Stories By Asset Article Promo
Banks rush into stablecoins despite central bank warnings about risks

Several banks are preparing to set aside misgivings about cryptocurrencies with the launch of their own stablecoins in the weeks ahead as they seek to take advantage of an imminent change of law in the US, which has until now tried to maintain a firebreak between the two worlds.

P&M
Top Stories By Asset Article Promo
M&A movers take advantage of quiet FIG senior market

Banco Bilbao Vizcaya Argentaria showed investors still have plenty of demand for the right trade heading into the summer break with a €1bn five-year senior non-preferred on Tuesday, while fellow M&A mover Banca Ifis tapped the senior preferred market.

BON
Asia credit investors diversify

Fund managers focused on Asian US dollar credit are adjusting their investment criteria as traditional issuance dries up and local currencies look increasingly attractive.

BON SEC
European HY pipeline quietens after record month

After a record month of supply in June, the pace of issuance in the Europe's high-yield markets has slowed, with just three deals on offer this week.

BON
Investors just eat up Prosus deal

Lifestyle ecommerce group Prosus found strong demand for its €750m 10-year deal on Tuesday in its first outing in the currency since 2022.

BON
Long dollar bid shows up for IDB

The Inter-American Development Bank has lengthened this year's chain of well-bid long-end US dollar SSA benchmarks , undermining that part of the market's reputation for more prickly interest. "It was an incredibly strong reception right from the start," said a lead on the trade.

ESG BON
IFR Events
promo image
IFR Events

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.

Top Stories By Asset Article Promo
Nothing Bundt Cakes aims to hit investor sweet spot

Nothing Bundt Cakes, a US baked goods franchiser, is seeking to whet the appetite of investors with its US$260m whole business securitization, which will refinance its debut deal sold in 2021.

SEC
Top Stories By Asset Article Promo
Swiss ABS issuer MultiLease markets first euro deal

MultiLease, the captive auto ABS issuer of Swiss car dealer Emil Frey, is marketing its first euro-denominated auto lease ABS via BNP Paribas, having established a longstanding presence in Swiss francs.

SEC
Top Stories By Asset Article Promo
BlackRock to buy real estate firm ElmTree

BlackRock said on Monday it agreed to acquire ElmTree Funds, a real estate developer that focuses on custom-built properties for single tenants and began financing deals in the structured finance market last year.

SEC P&M
Top Stories By Asset Article Promo
Frankfurt Airport CMBS downgraded again

Moody’s downgraded five tranches of Taurus 2021-3 DEU, a CMBS backed by office, retail and parking collateral in Frankfurt airport, after top tenant KPMG announced it would be leaving the property, amid a shift towards more prime, modern locations.

SEC
Top Stories By Asset Article Promo
Project Cork: UK fintech securitises wines and spirits

UK financial technology company Ferovinum has secured a US$550m funding line from Pollen Street Capital and a bank in what is claimed to be the first asset-backed securitisation of wines and spirits.

SEC
Top Stories ESG
View all Top Stories action menu icon
Top Stories By Asset Article Promo
EBRD and World Bank boost MDB securitisation

With sovereign shareholders continuing to push multilateral development banks towards securitisation and other “originate-to-share” approaches, the European Bank for Reconstruction and Development and the World Bank have moved into the sector’s asset-backed vanguard.

BON SEC ESG
Top Stories By Asset Article Promo
Ivory Coast accelerates sovereign sustainability linkers

Ivory Coast has added to momentum in the sovereign sustainability-linked debt market with the launch of a World Bank-assisted framework that could make the cocoa producer the first sub-investment-grade country to issue a bond indexed to its emissions performance.

ESG LOA BON
Poland: green pioneer returns

Poland’s return to the green bond market this week after a more than six-year hiatus was welcomed by investors as the sovereign advances its climate commitments.

BON ESG
Top Stories By Asset Article Promo
Banks to merge power and data centre financings into mega deals

Banks are working to combine debt financing for data centre and energy projects in the US, creating multibillion US dollar green debt deals that could debut in the market in the coming months.

ESG SEC
Top Stories By Asset Article Promo
Sovereign debt swappers set 'practice standards'

The growing sovereign debt swap market has finally thrashed out its first set of voluntary “practice standards”. Market participants have been expecting a set of principles comparable to those for green and other labelled bonds administered by the International Capital Market Association for more than a year .

P&M ESG
Top Stories By Asset Article Promo
Almonty mines US investors with US$75m Nasdaq IPO

TSX-listed Almonty Industries launched a US$75m Nasdaq IPO late Monday as part of the Canadian tungsten miner’s plan to redomicile in the US.

EQY
Aura taps into US IPO market for expansion

Canadian gold and copper miner Aura Minerals launched its circa US$200m all-primary Nasdaq IPO late Monday to broaden its shareholder base and increase financial flexibility.

EQY
GIFT City set to get first equity listing as early as September

NSE International Exchange, located in India's Gujarat International Finance Tec-City, or GIFT City, is set to get its first-ever equity listing as early as September,  people with knowledge of the transaction said. 

EQY
Emmvee Photovoltaic files for up to Rs30bn IPO

India's Emmvee Photovoltaic Power has filed for an up to Rs30bn (US$350m) IPO and is targeting the launch for later this year.

EQY
Books covered for Nissan Motor's upsized ¥200bn CB

Books are covered for Japanese carmaker Nissan Motor's upsized ¥200bn (US$1.4bn) euroyen convertible bond, according to people familiar with the situation. 

EQY
Walgreens Boots takes soundings for jumbo LBO

Walgreens Boots Alliance is premarketing the US$4.25bn-equivalent buyout debt package linked to its international business ahead of the official launch into general syndication this month.

LOA
EMEA loans continue to flow

Syndicated lending in EMEA totalled US$608.7bn in the first six months of the year, an increase on the US$598.6bn raised a year previously, according to LPC data, as the threat of tariffs, trade wars and rising geopolitical tensions failed to disrupt the flow of deals.

LOA
Top Stories By Asset Article Promo
VPBank scores with largest loan

Vietnam Prosperity Joint Stock Commercial Bank (VPBank) has closed its latest financing tied to ESG metrics at US$1.56bn, following a blowout response from nearly three dozen lenders in what is the country’s most widely syndicated loan for a bank borrower.

LOA
Leveraged loans frontrun next tariff hurdle

Bankers have taken heed of the market-stopping tariff-induced volatility from April, cramming a huge number of deals into the European leveraged finance primary and largely clearing the decks before a new tariff deadline on July 9.

LOA
NWD seals mammoth refinancing

New World Development has raised a HK$88.2bn (US$11.24bn) borrowing, completing a crucial refinancing of existing bank debt with a covenant waiver expiring in June.

LOA

Chart Of The Day

A very minor new high for the EUROSTOXX 600 with the market having run into trend resistance off highs from March. It has been an incredible rebound for stock markets in general but could be running out of momentum here. S&P futures have posted an inside day here with a sharp 0.8% loss.  Japanese and Chinese markets closed today.   

 |  Updated:  | John Ratcliffe
Chart of the Day - EUROSTOXX 600 runs into trend resistance