Issue 1722

Cover Stories

High yield EM issuers brave Fed, Evergrande uncertainty

Specialist investors shy away from AT1s as coupons plumb new lows

Framework quibbles no hindrance in stunning green Gilt debut

Investors warned of ‘dubious’ IRR claims in direct lending

Rock solid market shows off quirks in corporate deals

Leader

Securitization must tackle regulatory hurdles before thinking outside the box

UK's green giant finally arrives

Public Sector

EU announces details of first NGEU bond auction

ESM hits road for first time in 18 months

Azores and Rentenbank break records in booming euro SSA market

Bond Comments

Rentenbank EUR1.5bn 0% Sep 26

UK GBP10bn 0.875% Jul 33 green bond

Covered Bonds

Covered bonds maintain robust primary momentum

Covered bonds ablaze with autumnal colour

Financial Institutions

Islandsbanki to return for second AT1 helping next year

Bond Comments

Securitization

Harbor Group prices second CRE CLO as market gains traction

‘Great environment’ for CLO creation produces rare jumbo deals

Corporate Bonds

Linde lands one of the tightest priced 30 year corporate trades ever in euros

Enel breaks euro size record with €3.5bn SLB

Aroundtown to purge more short-dated debt with €1.11bn tender offer

US corporate bonds hold steady as Fed prepares to tighten

Gunvor returns to bond market with $300m at 6.25%

High Yield

Syndicated Loans and Leveraged Finance

Altice shakes high yield market awake with $3bn deal

Ghana Cocoa Board pulls in pricing for new $1.5bn loan facility

Mowi signs €1.8bn ESG-linked revolver

Highly-levered Solenis pulls in pricing for cross-border buy-out debt

Europcar launches sustainability-linked bonds in bid to green fleet

Emerging Markets

Equity

Oxford Nanopore seeks valuation of up to £3.8bn

Icade Santé begins bookbuilding for €800m IPO

Exclusive Networks begins trading in Paris following €421m IPO

Babbel cancels IPO as business model fails to woo investors

Private equity flotations gain traction in crowded IPO market

Babbel says 'auf Wiedersehen' as hectic IPO market shows selective side

People Moves

Credit Suisse shores up EMEA investment bank with lateral hires

ESM makes Weiss permanent head of funding

Deutsche plucks head of credit trading from BNPP in New York

Head of funds financing leaves NatWest

Southpaw

Kendall hones ECM strategy at UniCredit as Orcel grapples with MPS

EM LatAm

La Rioja wins mass approval for restructuring

Arge-saga finally coming to an end

Oliver West, September 23, 2021
EM LatAm

Millicom to add $308m to 2031s via exchange

Majority of holders of 2026s agree to push out maturity date

Oliver West, September 23, 2021
CEE

CBoM mandates as investors jostle for higher yields

Russian bank seeking AT1 benchmark

Francesca Young, September 23, 2021
Senior Debt

Moody’s lifts ratings for the four major Greek banks

NPE reduction and MREL build out driving upgrades

Frank Jackman, September 21, 2021
Senior Debt

Berlin Hyp's latest green bond its biggest in Swissies

Investors attracted to its "strong credit rating and an excellent ESG score"

Frank Jackman, September 20, 2021

Most recent

GlobalCapital Podcast

The investment banks to watch in 2025

December 20, 2024
Another Fine Mezz podcast

SRT Series: Natascha Winberg, MUFG

December 20, 2024
Leader

It’s not too early to start thinking about 2026

December 20, 2024
Corporate Bonds

Relief for UK water, but not for Thames, as Ofwat sets five year plan

December 19, 2024
FIG

French banks can issue after downgrades but ‘smart money’ is underweight

December 19, 2024