A contentious saga over the treatment of credit default swaps on Ireland’s Ardagh Packaging Finance has exposed longstanding flaws in these controversial derivatives contracts, legal experts say, prompting some to call for reforms to the US$11trn CDS market.
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 .
The Canada Pension Plan Investment Board expanded the scope of the Australian market with another blowout new year trade that delivered both the biggest Kangaroo bond on record and the largest order book for any Australian dollar offering, beyond the Commonwealth government.
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.
The US treasury department’s clarification over its outbound investment rules is expected to make it easier for US investors to invest in certain Chinese technology IPOs, but legal uncertainty remains.
Kuaishou Technology offered fixed income investors a rare opportunity to buy into China's live-streaming industry, with a debut US$2bn-equivalent US dollar and offshore renminbi bond deal that drew strong demand.
Goldman posts Q4 trading record, sees 2026 as 'incredibly constructive'
Goldman Sachs turned in its best quarter in equity trading ever, pulling in a whopping US$4.3bn in the period – a 25% increase over the year-ago quarter.
Jabil stepped back into the US high-grade bond market after a nearly three-year hiatus on January 14, raising US$1bn on the back of strong demand as investors bet on an upgrade for a tech credit benefiting from the boom in AI.
Bending Spoons is interviewing banks to lead a potential US IPO likely to take place later this year or early next year, according to a person involved in the process.
Goldman posts Q4 trading record, sees 2026 as 'incredibly constructive'
Goldman Sachs turned in its best quarter in equity trading ever, pulling in a whopping US$4.3bn in the period – a 25% increase over the year-ago quarter.
Oracle sued over "false and misleading" US$18bn bond deal
Oracle has been hit with a class-action lawsuit from investors who allege the cloud computing provider misled them about the amount of debt the company would need to take on to fulfil a US$300bn contract to supply OpenAI during a bond sale last September.
Morgan Stanley beat earnings expectations last quarter as fees from investment banking surged 47% to US$2.2bn, thanks to a record breaking quarter in debt underwriting and strength in M&A advisory.
European restructurings to remain elevated in 2026
The number of European corporates needing to restructure is expected to continue to rise during 2026 but not at a noticeably higher rate than in 2025, according to law firm Weil’s latest quarterly assessment of distressed credit.
Credit Agricole raised a decent ¥115bn (US$725m) on Friday from a seven-tranche Reg S Samurai bond comprising senior preferred, senior non-preferred and Tier 2 notes, even at tighter spreads than its previous deal, as demand was solid from investors both at home and abroad.
Kuaishou Technology offered fixed income investors a rare opportunity to buy into China's live-streaming industry, with a debut US$2bn-equivalent US dollar and offshore renminbi bond deal that drew strong demand.
Jabil stepped back into the US high-grade bond market after a nearly three-year hiatus on January 14, raising US$1bn on the back of strong demand as investors bet on an upgrade for a tech credit benefiting from the boom in AI.
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.
Solvency II changes could boost demand for CLO's Triple As
Upcoming changes to the European Union’s Solvency II regime are expected to make the CLO market more attractive to insurers and could support additional demand from asset managers, according to analysts.
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.
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.
Turkey is considering issuing a green, social or sustainable bond this year as the country prepares to host the UN-sponsored COP31 climate meeting in November.
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.
The US treasury department’s clarification over its outbound investment rules is expected to make it easier for US investors to invest in certain Chinese technology IPOs, but legal uncertainty remains.
KKR-backed South Korean fashion marketplace Musinsa is planning a KRX IPO which could raise about US$1bn and come as early as the second half of this year, people familiar with the matter said.
BridgeBio Pharma is seeking to raise US$550m from the sale of convertible bond, marking a return to the market for the serial issuer, with proceeds going to prefund an existing CB that matures in early 2027 and is deeply in the money.
Bending Spoons is interviewing banks to lead a potential US IPO likely to take place later this year or early next year, according to a person involved in the process.
Heightened shareholder activism is fuelling more frequent bidding wars in Japan’s M&A market, piling pressure on lenders to increase the size of the financings backing the offers.
Hologic rides market demand to blowout syndication
Investors this week piled into the debt backing the US$18.3bn purchase of diagnostic and medical imaging company Hologic by Blackstone and TPG after a dearth of merger and acquisition loans have left managers hungry for paper, a positive sign for an asset class betting on a pickup in buyouts this year.
Solvency II changes could boost demand for CLO's Triple As
Upcoming changes to the European Union’s Solvency II regime are expected to make the CLO market more attractive to insurers and could support additional demand from asset managers, according to analysts.
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