Coronavirus

The response of people to the coronavirus has been nothing short of inspiring. Not least bankers' creative solutions to carry on drinking. Taipan considers the best —and worst — options.

Credit Suisse gave investors a rare chance to pick up both fixed and floating rate senior bonds on Monday. The dual tranche deal was met with healthy demand, despite progressing more slowly than expected.

Europe faces more months of Covid-19 lockdowns as the continent’s governments try to quell an increase in infections. But equity bankers are hopeful that the restrictions will not prevent them from raising equity for companies seeking to do M&A transactions.

Equity capital markets bankers and investors are finally starting to put their feet up at the end of a historic but tumultuous year. Issuance has been at the forefront of the economic response to the coronavirus after being shuttered by the initial pandemic sell-off with innovation and perseverance ensuring that companies had the funds to survive. In order to mark the end of 2020, GlobalCapital looks back on some of the most noteworthy events and deals.

European stock markets fell heavily in early trading on Monday morning after European countries shut their borders to the UK over a new mutant variant of the coronavirus, which is rapidly spreading through the country. With the UK also heading rapidly towards a no-deal Brexit in January there is little Christmas cheer among equity investors.

Bank capital has gone back under the microscope during the coronavirus pandemic, with policymakers asking themselves whether the Basel III rules can work as intended. Tyler Davies reports.

Hungary has no plans to issue wholesale bonds in foreign currency markets next year, having raised more debt than expected in euros and yen in 2020.

The Finnish financial sector wants to put the brakes on new measures aimed at completing the Banking Union, arguing that EU member states should move back into a clearly defined process of risk reduction.

Asia-based Impact Investment Exchange (IIX) has raised $27.7m from a women's livelihood bond that was linked to the Covid-19 pandemic. Its chief executive and founder explains the deal’s rationale to GlobalCapital Asia.

In the final instalment of GlobalCapital Asia’s awards announcements, we reveal the best Asian investment bank and the best investment bank in the region for 2020, as well as the bank that stands out for its response to the Covid pandemic.

China’s Xiaopeng Motors, an electric vehicle (EV) maker, leveraged on a big boost in interest in new energy stocks from investors to raise $2.16bn from a follow-on offering of its American Depositary Shares. Jonathan Breen reports.

Société Générale took advantage of superlative conditions in the US dollar market at the start of the week, raising $2bn of funding with a tightly priced deal in non-preferred senior format.