Commercial property risk still dogs sector but investors can distinguish credits

Market said to be reaching ‘maturity’

Hybrids find it hard to consistently hit the target as senior/subordinated spread shrinks

Hybrid deals remain challenging sale for issuers

◆ Investors demand higher concession on new tier twos ◆ de Volksbank issues latest euro deal and pays a premium ◆ Tweaks cost metrics to aim at higher profitability

Capital to be primarily redeployed to zero-emission vehicle leasing and green transport tech

◆ Donald Trump’s threat to ESG finance in the US ◆ Why ‘woke capitalism’ won’t be put to bed ◆ UK auto ABS faces up to compensation crisis

M&A refinancing wins more than €11bn of orders and tightens by 50bp

Politicians and corporations could try to ban pension funds and asset managers considering environmental and social issues

Twenty-four states with 60% of US GDP still committed to going green as IRA wins bipartisan support

Guidance released to help banks with quandary of how to deal with biodiversity

Collateral pools are diversified but industry cannot ignore broader implications of more frequent extreme weather

Multilateral development banks find themselves swept up in two parallel waves of change. As bond issuers, they are having to deftly navigate capital markets that are still emerging from the end of years of historically low rates, being forced to call upon all their experience and sophistication as they fund across multiple markets. At the same time, with the pressure on to fill the huge gap in global development finance, these institutions are being asked to work out how to better use or expand their balance sheets and lend more — all while maintaining their precious credit ratings. GlobalCapital gathered some of the leading supranational issuers at a roundtable in New York City in May to discuss how best to deal with the challenges of this changing world.

There has never been so much momentum to reform the multilateral development banks. But most of the many avenues to expand their lending have run into difficulties. Jon Hay reports

The Act could resurface next year after November’s elections

The deal was almost twice covered on the full deal size amid slight ‘correction’ to European indices

A book heavy with long-only investors should support a recovery in the freshly listed Abu Dhabi stock

Yields are too high to issue at a reasonable cost, and a drought means a rally is unlikely

Niche investors could run aground on the rocks of retail finance and consumer protection

The way banks do compliance training makes them riskier, not safer

There was no clear reason why local banks were not picked, sources said, for first time in 17 years

Better book than last sell-down with new long-only institutions coming into the stock while others add to positions

Boxer Retail set to price IPO at top of range

Parent company rescues spin-off in turnaround plan