Top Stories
View all Top Stories action menu icon

Boots finds a winning formula

Demand for new money trampled over a chequered history for the sponsor and doubts over how to position the credit, as loan buyers consumed the majority of the upsized US$4.5bn-equivalent debt package funding the buyout of The Boots Group, the international business of Walgreens Boots Alliance.

LOA BON

Japanese issuers swarm bond market

Japanese borrowers have been visiting the US dollar and euro bond markets in force this year, pushing volumes to new highs as the international market offers options for large, attractively priced deals.

BON
Top Stories Promo Image

Aussie corporates shun ESG bonds

The Australian green bond market has walked a narrowing path in recent years with overall supply, though relatively steady, now dominated by fewer but larger benchmark deals from state governments and SSA issuers. 

ESG BON
Top Stories Promo Image

Banks set the board for investment banking gains through early 2026

Investment banking revenues came roaring back in the second half of the April–June quarter after being hammered by the US trade policy announcement in April.

P&M

Pennsylvania AI buildout to be financing jackpot

Blackstone is planning to invest more than US$25bn to develop Pennsylvania’s energy and digital infrastructure via portfolio company QTS and a joint venture with utility PPL. The investment plans are among the most detailed and sizeable announced in the artificial intelligence ramp-up in the US, and dealmakers see a windfall in the offing.

P&M BON SEC

NIQ aims for comeback IPO

NIQ Global Intelligence, the consumer intelligence software company, is looking to raise US$1.2bn from its NYSE IPO this week, four years after Advent International acquired the business from Nielsen and nearly 15 years after its former parent went public.

EQY
Pennsylvania AI buildout to be financing jackpot

Blackstone is planning to invest more than US$25bn to develop Pennsylvania’s energy and digital infrastructure via portfolio company QTS and a joint venture with utility PPL. The investment plans are among the most detailed and sizeable announced in the artificial intelligence ramp-up in the US, and dealmakers see a windfall in the offing.

P&M BON SEC
Banks set the board for investment banking gains through early 2026

Investment banking revenues came roaring back in the second half of the April–June quarter after being hammered by the US trade policy announcement in April.

P&M
Trading revenues surge 17% at top banks

Trading revenues continued to soar in the second quarter even as deals on the investment banking side of the major brokers started to find their footing once again as the April–June quarter developed into a more stable environment. That trading resilience surprised some on Wall Street.

P&M
Pro-crypto Trump administration accelerates institutional demand for crypto derivatives

US president Donald Trump’s support of cryptocurrencies is helping to turbocharge demand for derivatives pegged to digital assets like bitcoin among institutional clients, exchanges say, as greater regulatory certainty helps to usher in a crypto “renaissance”.

P&M
Top Stories By Asset Article Promo
Thiel enters banking race to target startups and early-growth companies

Two years on from the collapse of Silicon Valley Bank, a group of technology billionaires are joining together to raise a successor, which will be geared towards providing vital banking services to startups and early-growth companies – a market they say is largely neglected by traditional banks.

P&M
Top Stories By Asset Article Promo
Japanese issuers swarm bond market

Japanese borrowers have been visiting the US dollar and euro bond markets in force this year, pushing volumes to new highs as the international market offers options for large, attractively priced deals.

BON
Top Stories By Asset Article Promo
US banks dial down bond sales ahead of capital relief

Only three of the six largest US banks have tapped the US bond market after posting strong second-quarter results, slowing the borrowing spree earlier in the year ahead of the potential easing of bank capital regulations.

BON RATE
Top Stories By Asset Article Promo
Froneri tightens pricing despite dividend recap concerns

Froneri on Wednesday printed its €1.1bn-equivalent debut seven-year non-call three euro and US dollar senior secured notes, with the issuer illustrating the favourable levels names with solid businesses – but aggressive capital structures – can achieve.

BON
Top Stories By Asset Article Promo
Nigerian banks face looming maturities

A cliff-edge fall is approaching for bonds maturing in the next 18 months issued by Nigeria's banks, which have been heavily affected by a rapid depreciation of the naira and a subsequent weakening of their capital ratios.

P&M BON
Top Stories By Asset Article Promo
Swire succeeds with long tenor

Swire Properties benefited last week from a sizzling Dim Sum market to print an issue of 10-year bonds, a tenor it failed to get over the line last year. 

BON ESG
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.

BofA underscores CMBS pricing progress

Bank of America successfully priced another UK CMBS backed by a mixed pool of collateral on Thursday, securitising a roughly £227m loan it provided to sponsor GoldenTree Asset Management to finance a portfolio of industrial, retail and office properties. In doing so, the bank showed how far pricing has moved since 2023.

SEC
MoneyMe draws European demand

MoneyMe printed its second public personal loans-backed ABS offering on Thursday, the no-grow A$200m (US$133m) MoneyMe MME PL 2025-1, which attracted several new offshore bids.  

BON SEC
Top Stories By Asset Article Promo
LiveMore eyes equity-release RMBS

Specialist mortgage lender LiveMore Capital is considering issuing a public equity-release RMBS, which could come to the market by 2027, according to Simon Webb, managing director of finance and capital markets. The company has so far issued two deals backed by other types of mortgages aimed at older borrowers.

SEC
Top Stories By Asset Article Promo
Sunrun tests ABS market before tax credits expire

Sunrun, which provides solar panels and financing in residential areas, is returning to the asset-backed market with the sector's first securitisation since the ratification of a US law that eliminates tax incentives for the photovoltaic industry.    

SEC ESG
Top Stories By Asset Article Promo
Blackstone enlivens WBS sector

Two Blackstone businesses are turning up the volume in the market with whole business securitisations that together will raise over US$1.2bn. 

SEC
Top Stories ESG
View all Top Stories action menu icon
Top Stories By Asset Article Promo
Aussie corporates shun ESG bonds

The Australian green bond market has walked a narrowing path in recent years with overall supply, though relatively steady, now dominated by fewer but larger benchmark deals from state governments and SSA issuers. 

ESG BON
Deal takes African bond fund beyond public capital

A new route is opening up to mobilise private capital into emerging markets with a key sovereign-backed African bond fund issuing its first MTN to a UK insurer.

ESG
Top Stories By Asset Article Promo
Debt swap standards get legal approval

A key participant in the creation of the sovereign debt swap market’s first set of voluntary “practice standards” expects the guidance to enable new participants in the growing area to “start from mid-stream instead of way back at the beginning”.

BON P&M ESG
Top Stories By Asset Article Promo
Cat bonds hit record as climate risks rise

Nearly US$23bn of catastrophe bonds were sold between August 2024 and July 2025, marking the busiest ever 12-month period in the insurance-linked securities market, according to specialist data provider Artemis.

ESG P&M BON
European heatwave boosts case for water financing

The scorching heatwave that has swept across Europe this summer is adding urgency to the call for investment to tackle water stress, which could boost sustainable debt issuance. 

ESG LOA P&M
Top Stories By Asset Article Promo
SBI sells India's largest QIP

State Bank of India is raising the country's largest qualified institutional placement of Rs250bn (US$2.91bn) with support from local institutions, as part a funding spree by India's biggest bank. 

EQY
NIQ aims for comeback IPO

NIQ Global Intelligence, the consumer intelligence software company, is looking to raise US$1.2bn from its NYSE IPO this week, four years after Advent International acquired the business from Nielsen and nearly 15 years after its former parent went public.

EQY
MP Materials backed three ways

US rare earth minerals champion MP Materials has extended its funding by raising an upsized US$650m from an overnight sale of stock on Wednesday, adding to the US$500m Apple has pledged to build a new production facility and the US$400m direct investment by the US government.

EQY
Accelerant seeks full valuation on US$578.9m IPO

Accelerant launched marketing early on Tuesday of its up to US$578.9m NYSE IPO, providing it with funds to clean up its capital structure and giving investors a new way to invest in speciality insurance.

EQY
Top Stories By Asset Article Promo
HK IPO confidential filings gain ground

More Hong Kong IPO candidates are filing confidentially, two months after the city's stock exchange started offering this option to selected tech and biotech companies.

EQY
Boots finds a winning formula

Demand for new money trampled over a chequered history for the sponsor and doubts over how to position the credit, as loan buyers consumed the majority of the upsized US$4.5bn-equivalent debt package funding the buyout of The Boots Group, the international business of Walgreens Boots Alliance.

LOA BON
Patterson returns with steep discount

After being forced to shelve its buyout financing amid a market freeze in April, dental products maker Patterson Companies is back as banks seek to offload US$1.5bn of debt at some of the deepest discounts seen in 2025.

LOA
Top Stories By Asset Article Promo
MTR preps loan market return

Hong Kong’s MTR Corporation is preparing to make its biggest splash in the loan market with a borrowing of about HK$30bn (US$3.8bn) to fund a new railway project that will further improve connectivity between the territory and China.

LOA
Top Stories By Asset Article Promo
Orsted bags jumbo wind farm PF

Danish renewable energy giant Orsted has closed a project financing of around NT$97.86bn (US$3.35bn) to a strong response from lenders, even though this was the second jumbo deal this year in Taiwan’s offshore wind sector.

LOA
Portability poses dilemma for levfin bankers

Leveraged finance bankers are feeling the squeeze as the growing use of portability clauses in loan documentation cuts banks out of the lucrative process of arranging new leveraged loan packages.  

LOA