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Forgent powers through jumbo IPO as AI buildout fuels demand

Forgent Power Solutions raised US$1.5bn late Wednesday from an NYSE IPO that was heavily oversubscribed, though the lead banks were reluctant to push too hard on pricing.

EQY

Investors pile into Cipher's Amazon-backed junk bond

Cipher Mining sold more junk bonds on Wednesday to fund yet another Texas-based data center, raising US$2bn amid hefty demand for the Amazon-backed deal despite a volatile backdrop in the broader markets. 

BON
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Eikon prices upsized US$381m IPO with Merck as anchor investor

Eikon Therapeutics raised an upsized US$381m late Wednesday from its Nasdaq IPO that included participation by Merck, a banker involved in the offering told IFR.

EQY

Bob's debuts on NYSE after US$330.7m IPO and debt-funded dividend

Bob’s Discount Furniture raised US$330.7m late Wednesday from its NYSE IPO, just months after paying Bain Capital and other shareholders a dividend.

EQY

BNP Paribas lifts growth goal after "pivotal" Q4

BNP Paribas pledged to grow its net income by one-third by 2028 after reporting a 28% jump in profit last quarter, including a resilient but unspectacular performance in investment banking and trading.

P&M
Prasad Gollakota

How stable is a stablecoin? That is a question that S&P attempts to answer via its Global Ratings’ Stablecoin Stability Assessment, a product designed to quantify a stablecoin’s ability to maintain its peg to a fiat currency. It produces a score from 1, very strong, to 5, weak.

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BNP Paribas lifts growth goal after "pivotal" Q4

BNP Paribas pledged to grow its net income by one-third by 2028 after reporting a 28% jump in profit last quarter, including a resilient but unspectacular performance in investment banking and trading.

P&M
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Evercore and PJT report record revenue in Q4

Evercore and PJT Partners reported their best fourth quarter and fully year results as the market for mega mergers soared in 2025 and restructuring mandates continued to build. 

P&M
Moves – Senior JP Morgan banker Ina De to retire

Senior JP Morgan investment banker Ina De will retire later this year, after almost 39 years at the firm spanning debt and equity capital markets, derivatives and other areas, the US bank told staff in a memo on Thursday.

P&M EQY
UBS steps up returns goal as Q4 trading hits record

UBS increased its returns target for 2028 after delivering bumper annual results as its takeover of Credit Suisse continues to bear fruit and it delivered record fourth-quarter trading revenues, up 17% from a year earlier.

P&M
Santander bulks up in US retail with US$12bn Webster deal

(Reuters) - Spain's Santander will buy US regional lender Webster Financial in a US$12.2bn deal to create one of the country's top 10 retail and commercial banks, it said on Tuesday, marking a major bet on the US market.

P&M
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Investors pile into Cipher's Amazon-backed junk bond

Cipher Mining sold more junk bonds on Wednesday to fund yet another Texas-based data center, raising US$2bn amid hefty demand for the Amazon-backed deal despite a volatile backdrop in the broader markets. 

BON
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NBG surpasses expectations in 'off-the-charts' AT1 market

National Bank of Greece made its long-awaited debut in the Additional Tier 1 market on Thursday with a €500m perpetual non-call 5.5-year note that set a new tight reference point for the Greek product. 

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Ceska sporitelna makes it three in a row

Ceska sporitelna returned to the euro market with exactly the same bond structure as on its last two visits, but at a much tighter spread than before.

BON
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NextEra plugs into the euro and dollar markets

NextEra Energy raised about US$2.8bn equivalent across euros and dollars on Tuesday through the sale of senior unsecured bonds as the electric power and energy infrastructure company rides on the coattails of Silicon Valley tech giants rushing to source power for their AI data centers.  

BON
Hamburg attracts decent bid with rare two-year

Hamburg kicked off what is set to be a second wave of supply from German sub-sovereigns as it sold a bond at the very short end of the curve on Thursday.

BON
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M&T lines up recreational vehicle ABS debut

M&T Bank is readying its first securitization exclusively comprising loans originated for recreational vehicles, a rarity for this niche asset in the structured finance market.

SEC
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Blackstone venture seeks US$3bn for Vegas casino refi

A Blackstone joint venture is in the securitization market with a US$3bn offering to refinance the Cosmopolitan casino on the Las Vegas Strip that it purchased in 2022.

SEC
Zip extends BNPL reach

Digital financial services company Zip broke new ground with its 12th buy now, pay later consumer loans ABS, the A$300m (US$210m) Zip Master Trust Series 2026-1, which priced on January 30. 

SEC BON
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GM leads ABS primary in February

General Motors on Tuesday kick-started US asset-backed issuance in February on the heels of a solid January when issuers sold more than US$27bn of supply.

SEC
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Sabesp sets blue bond record via A/B structure

Sao Paulo water utility Sabesp has delivered a landmark for Latin American sustainable finance, issuing by far the largest blue bond yet while showcasing what bankers say is a fast-emerging way to bring bond investors into multilateral A/B lending structures that have been traditionally dominated by banks.

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IFAD adds new ESG investors

The International Fund for Agricultural Development has added two new buyers to the ESG private placement strategy it initiated three and a half years ago.

ESG BON
ING's green holdco blowout reinforces pricing paradigm

ING Groep on Wednesday attracted more than €7.5bn of demand for a two-part €2.5bn green holdco senior transaction, as investors get used to ever tighter spreads in the product and focus instead on attractive yield entry points. 

BON ESG
EuGBs seen as growth area for sustainable finance

EU Green Bonds totalling €24bn-equivalent have been issued since the bloc adopted its Green Bond Standard in December 2024 and volume is expected to grow steadily this year, according to research by Natixis. 

BON ESG P&M LOA
SMFG debuts with social label

Sumitomo Mitsui Financial Group sold its first social bond on Tuesday, a US$500m 4.522% six-year non-call five digital inclusion TLAC deal. 

ESG BON
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CAF lands 'child-lens investing' firsts

CAF – Development Bank of Latin America and the Caribbean has become the first multilateral development bank to apply the United Nations Children’s Fund’s Child-Lens Investing Framework to its bond issues.

BON ESG LOA
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Forgent powers through jumbo IPO as AI buildout fuels demand

Forgent Power Solutions raised US$1.5bn late Wednesday from an NYSE IPO that was heavily oversubscribed, though the lead banks were reluctant to push too hard on pricing.

EQY
Eikon prices upsized US$381m IPO with Merck as anchor investor

Eikon Therapeutics raised an upsized US$381m late Wednesday from its Nasdaq IPO that included participation by Merck, a banker involved in the offering told IFR.

EQY
Syngenta meets banks for giant HK IPO

Seeds and crop protection giant Syngenta Group met banks this week to pick arrangers for its potential giant Hong Kong IPO, said people with knowledge of the matter.

EQY
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Bob's debuts on NYSE after US$330.7m IPO and debt-funded dividend

Bob’s Discount Furniture raised US$330.7m late Wednesday from its NYSE IPO, just months after paying Bain Capital and other shareholders a dividend.

EQY
BlackRock anchors Clear Street's US$1.05bn Nasdaq IPO

Clear Street launched marketing on Wednesday of a US$1.05bn Nasdaq IPO with a sizable anchor from BlackRock, giving the digital-native broker a powerful endorsement as it seeks to disrupt long-entrenched players in securities and derivatives trading.

EQY
Bank group funds Conga acquisition loan

Banks that underwrote financing to back cloud-based revenue lifecycle management company Conga Corp’s acquisition of the business-to-business division of Pros Holdings have been forced to fund a US$625m term loan to back the transaction after they failed to place a larger facility with institutional investors, according to a source with knowledge of the deal.

LOA
Sweetwater Sound markets US$825m refi loan

Musical instrument and audio equipment retailer Sweetwater Sound is in the market with an US$825m first-lien term loan B to refinance existing debt, according to a source.

LOA
STACK builds jumbo data centre PF

Data centre developer STACK Infrastructure has launched a A$2.96bn (US$2.07bn) five-year project financing into general syndication.

LOA
Summi debt restructuring gets partial nod

Beleaguered orange juice maker Summi (Group) Holdings has reached a debt restructuring agreement with five of its six lenders, gaining a brief relief from a debt crisis that worsened after the banks filed a winding-up petition a year ago.

LOA
EA woos Asian lenders for record LBO

Sponsors of the world’s largest leveraged buyout – the US$55bn acquisition of US video game giant Electronic Arts – are seeking commitments from lenders in Asia Pacific for a portion of the massive financing backing the deal.

LOA