Morgan Stanley is ramping up its research coverage of private companies to try to get an edge over competitors and meet investor demand on how the hundreds of unicorns in the US, China and elsewhere are shaking up technology, finance and other industries.

Investment firm Clearlake Capital Group agreed to acquire Pathway Capital Management, expanding the capabilities of its private market platform.

ANZ Group Holdings is stripping executives of more than A$30m (US$19.6m) of bonuses as the Australian lender grapples with the fallout from numerous regulatory breaches and works to streamline operations and cut costs. 

Wall Street dealmakers could be forgiven for thinking they were reading some regrettable AI hallucination when, on October 30, they looked at the US high-grade corporate bond league table and saw Morgan Stanley at the top, not JP Morgan.

BpiFrance printed its first ever European defence bond on Wednesday, a tightly priced €1bn five-year that was almost four times subscribed, exceeding leads' expectations of a good turnout. 

The UK Debt Management Office maintained its winning streak with a £4.25bn tap of the1.75% September 2038 inflation-linked Gilt. The sovereign has managed to stay in investors' favour throughout the year despite dour headlines regarding its public finances.

German heat exchanger maker Kelvion managed to tighten pricing on a €750m seven-year non-call one floating-rate note on Wednesday, despite a recent selloff of bonds of US tech heavyweights that are also major builders of data centres – a crucial group of clients for the company.

Resolution Life inaugurated a new capital product with a rapturously received Ancillary Tier 1 bond on Wednesday, while in euros, Nordea Bank took primary market bank Tier 2 spreads down into the double digits for the first time in four years. 

US hamburger chain Wendy's is showing investors a US$400m seven-year whole business securitization to repay two maturing debt issues.

Bank of America is forecasting a record US$50bn–$60bn in securitization issuance to fund data centers, fiber networks, cell towers and other digital infrastructure assets in 2026.

Blackstone's QTS is preparing to sell a US$3.46bn commercial mortgage bond backed by revenues from its data centers, which would be the largest deal of its kind in the CMBS market.

Shenandoah Telecommunications is preparing its first securitization backed by a fiber optics network as part of its plan to lower debt costs and generate positive cash flow by 2027.

Brazil could issue the first sovereign Amazonia bond after the Inter-American Development Bank closed the inaugural deal in the new format , which finances sustainable development projects across the environmentally critical Amazon region.

Demand for "debt pause clauses" could increase after it became clear just how vital they would have been for Jamaica as it struggles to recover from the devastation wreaked by Hurricane Melissa.

California is expected to finally begin sales of its US$10bn of climate resilience bonds in the first half of 2026, more than a year after the debt-raising plan was passed by local voters.

The International Capital Market Association released climate transition bond guidelines on Thursday, creating a new standalone transition label that will allow high-emitting issuers to raise sustainable finance.

UK energy business SSE raised £2bn of primary capital intraday on Wednesday as part of a fully funded £33bn investment programme for 2026–2030 and around £6bn of expected dividends, taxation and other cash requirements. The market welcomed the news, with SSE shares up nearly 17% on the day.

Adani Enterprises has launched a Rs250bn (US$2.82bn) 3-for-25 rights issue at Rs1,800 each, a 24% discount to the pre-deal close of Rs2,366.80 on Tuesday. 

CPP Investments exited a 5.4% stake in Portuguese utility EDP for €839m on Monday through sole bookrunner Goldman Sachs.

CleanSpark shares are under pressure Tuesday after the company raised an upsized US$1.15bn from the overnight sale of a convertible bond, despite a concurrent stock buyback designed to mitigate selling pressure on the underlying stock.

French medical diagnostics company Sebia has launched a €1.9bn-equivalent dual-currency term loan B that will be used to fund its acquisition by a consortium led by Warburg Pincus.

Furniture company HNI Corp is seeking to raise a new US$500m first-lien term loan B to partially finance its acquisition of workplace furnishings designer Steelcase, refinance existing debt, and add cash to the balance sheet.

A consortium of KKR and Singapore Telecommunications is in talks to raise debt of around S$5bn (US$3.83bn) to back its proposed leveraged buyout of ST Telemedia Global Data Centres in what could become the largest such financing from the sector in Asia Pacific.