Wealthfront touts value in business and IPO
Wealthfront is taking a safety-first approach toward its Nasdaq IPO by selling itself at a very reasonable valuation while also securing upfront participation from BlackRock and Wellington Management.
Check Point zeroes in on opportunistic US$1.5bn CB raise
Signaling that opportunistic CB financings aren't done yet, Check Point Software is seeking to raise US$1.5bn from the sale of a zero-percent CB, earmarking a portion of the proceeds for a concurrent stock buyback, some to purchase an equity derivative and the rest for general corporate purposes.
Rupak Ghose
Japanese bond yields have surged in recent days to levels not seen in decades. At much the same time, Treasury yields have eased in anticipation of the US Federal Reserve cutting overnight interest rates.
HSBC has appointed Brendan Nelson as its chairman in a surprise move that gives him the role permanently after he has been interim chair since October 1 when previous incumbent Mark Tucker left.
JP Morgan has appointed six new vice-chairs across advisory, capital markets and coverage to work closely with clients and provide room for the next generation of bankers, according to a memo from heads of the relevant businesses, Anu Aiyengar, Kevin Foley and Dorothee Blessing, that was seen by IFR.
Bond market legend Hans-Joerg Rudloff died on December 1. He was widely acknowledged as the father of the Eurobond market and crucial to the build up of Credit Suisse First Boston and then Barclays Capital. He was 85.
HSBC is "doubling down" on its M&A advisory and equity capital markets businesses in Asia and the Middle East with the aim of being a top-five bank in those areas, chief executive Georges Elhedery said.
South Korea has increased its foreign currency issuance cap for 2026 to US$5bn, from US$1.4bn earlier, in an amendment to its 2026 budget published on the National Assembly website on Tuesday.
Ausgrid smoothly raised A$750m (US$490m) from a dual-tranche domestic bond sale on Wednesday that was underpinned by strong Asian demand.
BPCE raised ¥77.3bn (US$500m) on Thursday from its second outing of the year to the Samurai bond market, drawing decent demand for a floating-rate tranche amid expectations the Bank of Japan will hike rates in the near future.
Russia has raised Rmb20bn (US$2.8bn) from dual-tranche renminbi bonds sold in its domestic market.
Bluepeak is preparing to issue its first fiber securitization, adding to this year's boom in issuance backed by digital infrastructure assets, spurred by rising data usage at home and in offices.
The structured finance market has paused for breath as attention turned to the Australian Securitisation Conference on November 25–26, with another stunning year for the asset class drawing to a close.
Arini has rapidly established itself as the most active newcomer in European CLOs, in a market bursting with debut managers, record issuance and optimism of more growth to come.
Thailand's state-owned Dhanarak Asset Development Company has made its long-awaited return to the market this month to refinance its Bt10.7bn (US$329.7m) commercial mortgage-backed securities maturing this year, ending a nearly two-decade hiatus since its last CMBS issue in 2007.
LondonMetric Property landed a successful debut deal in the sterling market on Wednesday through a £500m dual-tranche green bond offering.
Volkswagen Bank demonstrated the depth of liquidity in the euro investment-grade market even at this late stage of the year, pulling in more than €9bn of peak orders for its €2.5bn triple-tranche senior preferred green bond transaction.
The volume of outstanding green bonds has passed the milestone of US$3trn globally, according to LSEG data. In a new blog post, the data and exchange group, which owns IFR, hailed the use-of-proceeds instrument’s “resilience” in the face of 2025’s macroeconomic and geopolitical challenges.
The Partnership for Carbon Accounting Financials has released an updated standard with new methodologies and clearer guidance that will make it easier for banks and other financial institutions to track emissions across more financial products.
Shenzhen-listed Muyuan Foods is planning to bring a Hong Kong listing of around US$1bn–$2bn to the market early next year, said people with knowledge of the matter.
JP Morgan has appointed Ashish Jhajharia as head of EMEA ECM, stepping up from running syndicate for several years.
Wealthfront is taking a safety-first approach toward its Nasdaq IPO by selling itself at a very reasonable valuation while also securing upfront participation from BlackRock and Wellington Management.
Signaling that opportunistic CB financings aren't done yet, Check Point Software is seeking to raise US$1.5bn from the sale of a zero-percent CB, earmarking a portion of the proceeds for a concurrent stock buyback, some to purchase an equity derivative and the rest for general corporate purposes.
Banks are holding the line against attempts by private equity sponsors to use fierce competition for financing mandates in the European leveraged loan market to drive through unusually low underwriting fees.
The European Leveraged Finance Association has published a report addressing the recent increase in portability provisions embedded in loan documentation as the organisation looks to provide a clear and consistent definition to tackle transferability issues.
Waste-to-energy company Reworld Holding is seeking a US$750m term loan B and a US$130m term loan C to refinance existing debt.
Financial services firm CLSA has increased its self-arranged one-year revolving credit facility to US$1.83bn-equivalent from US$500m-equivalent.
Read the latest stories from the magazine IFR 2611 - 29 Nov 2025 - 5 Dec 2025
29 Nov 2025 - 5 Dec 2025