ECB casts doubt on AT1 bonds
The European Central Bank has suggested that Additional Tier 1 bonds could be redesigned to improve their loss-absorption capacity or even phased out entirely and replaced with equity. Market participants reacted with a call for more detail and some urged policymakers to carefully analyse potential implications before revising a key pillar of bank capital.
Ur-Energy slides on US$100m overnight CB financing
In what was described as opportunistic financing, Ur-Energy raised US$100m from the sale of a convertible bond overnight Wednesday, earmarking a portion of the proceeds for a capped call equity derivative to offset dilution to double the reference share price.
Goldman Sachs dual-trancher keeps senior FIG supply going
There is life still in the senior FIG space in spite of the looming holiday season, as demonstrated by Goldman Sachs Group, which took further steps to refresh its euro curve on Thursday with a self-led €2.75bn senior unsecured dual-tranche transaction that was more than two times subscribed.
The European Central Bank has suggested that Additional Tier 1 bonds could be redesigned to improve their loss-absorption capacity or even phased out entirely and replaced with equity. Market participants reacted with a call for more detail and some urged policymakers to carefully analyse potential implications before revising a key pillar of bank capital.
ANZ Group Holdings' former chief executive Shayne Elliott is suing the bank for stripping him of A$13.5m (US$9m) in bonuses in what he says constitutes a breach of contract.
The Climate Bonds Initiative has approved S&P Global Ratings as an external reviewer under its global climate bonds standard and certification scheme in a move that is expected to help issuance of sustainable debt.
Bank of America expects its markets revenue in the current quarter to be up almost 10% from a year earlier, to continue a four-year run of rising trading revenues.
European investment-grade corporate bond bankers have turned their attention to the supply pipeline for January as the main dealflow of the year comes to a halt.
There is life still in the senior FIG space in spite of the looming holiday season, as demonstrated by Goldman Sachs Group, which took further steps to refresh its euro curve on Thursday with a self-led €2.75bn senior unsecured dual-tranche transaction that was more than two times subscribed.
Struggling Japanese automaker Nissan Motor hopes to make considerable headway in its corporate restructuring and put a stop to its sliding credit ratings before returning to the primary market, the company's chief financial officer told IFR last week.
Willis Lease Finance is returning to the asset-backed market with a US$392.9m securitization to refinance deals backed by plane engines and frames that are now in high demand due to the scarcity of new aircraft.
Blackstone is preparing to pay itself a US$231m dividend as part of a jumbo commercial mortgage bond sale backed by one of the private equity firm’s retail and entertainment complexes on the Las Vegas Strip.
Landmark Dividend is returning to the ABS market with its first ever cell tower securitization, adding to a growing list of deals backed by the real-estate management company's diverse portfolio of assets.
The Climate Bonds Initiative has approved S&P Global Ratings as an external reviewer under its global climate bonds standard and certification scheme in a move that is expected to help issuance of sustainable debt.
Italy has updated its green BTP framework to align with the country's evolving environmental priorities and market standards and give more detailed disclosure around the EU Taxonomy of sustainable activities.
The World Bank has raised US$200m from a "clean cooking" outcome bond to support the use of more environmentally friendly cooking stoves in Ghana.
In what was described as opportunistic financing, Ur-Energy raised US$100m from the sale of a convertible bond overnight Wednesday, earmarking a portion of the proceeds for a capped call equity derivative to offset dilution to double the reference share price.
Adani Enterprises' Rs249bn (US$2.78bn) 3-for-25 rights issue was subscribed 1.08 times when books closed on Wednesday.
TotalEnergies Renewables Indian Ocean has raised Rs27.2bn (US$302m) through an upsized selldown in India's Adani Green Energy.
CoreWeave made an incredibly bullish statement by spending a lot of the money raised from the sale of a US$2.25bn convertible bond on an equity derivative to offset stock dilution to a super high share price.
Tata Motors has attracted a strong response to a €3.875bn (US$4.55bn) bridge loan backing the acquisition of Italy’s Iveco Group, bringing it a step closer to completing one of India’s biggest outbound M&A deals.
China’s corporate and private equity firms are once again embarking on overseas expansion with a string of high-profile acquisitions in Europe, signalling a revival of M&A financing from the country after several lean years.
Motion control technologies firm Parker Hannifin has agreed to US$7.75bn of delayed-draw term loans to support its approximately US$9.25bn acquisition of air and liquid filter systems manufacturer Filtration Group.
Abu Dhabi National Oil Co and Austria’s OMV have lined up a US$15.4bn financing package from global banks to back the merger of Borouge and Borealis to form Borouge Group International and fund its acquisition of Nova Chemicals.
Read the latest stories from the magazine IFR 2612 - 6 Dec 2025 - 12 Dec 2025
6 Dec 2025 - 12 Dec 2025