◆ AFT's Antoine Deruennes says 'clear message' showed demand for 30 year ◆ Speedy execution before US employment data ◆ Green OAT syndication next

◆ Refi deal came as issuer prepares IPO ◆ Deal extends the insurer's tier two curve by 10 years ◆ 'Strong bid' for Iberian FIG credit, says rival banker

◆ Portuguese utility firm powers up EuGB curve ◆ Sub-benchmark trade's book proves sticky ◆ Deal lands through fair value

◆ €500m 4NC3 EuGB deal priced inside fair value ◆ Greenium helps tighten spreads amid strong demand ◆ Landmark trade cements bank's ESG leadership, says treasurer

◆ Austrian lender completes its tightest unsecured debt since the start of war in Ukraine… ◆ …as BPM achieves its lowest ever senior spread ◆ High attrition function of premium and outright spread

◆ Issuer finds window between political volatility and supply onslaught ◆ Deal sets record low spread for callable sterling senior bail-in debt ◆ Investors remain on board despite tight price

Companies with high carbon emissions are preparing for the risk that they could have to pay more to access capital markets, if investors and banks retreat from fossil fuel-heavy businesses, and even divest altogether — as Aviva has threatened to do. Some issuers will use investor relations drives and labelled financings, but ultimately they will have to find common ground with investors on how to transition to low carbon.

In a rare sign that environmental campaigners are having an impact on the financial industry, the burden of financing the Ecuadorian Amazon oil trade has shifted between banks in the past six months. But it is clear the banking industry is supporting the trade in more ways than have yet been uncovered.

Adani Ports and Special Economic Zone managed to seal its $500m 10 year deal inside fair value on Tuesday, despite investor concerns about the company's environmental and social record.

BlackRock wants to move a long way towards catching up with leading investors in its response to climate change, its CEO Larry Fink indicated in his annual letter to chief executives on Tuesday. BlackRock stopped short of setting a net zero carbon emissions target for its $8.7tr of assets under management, or committing to swift decarbonisation. But it did publish a ‘net zero commitment’ saying it would “support the goal of net zero emissions by 2050 or sooner”.

The European Central Bank will use a new climate change centre to improve its work on the topic, while also investing in a new green bond fund set up by the Bank for International Settlements.

Three of the most active banks in financing oil exports from the Ecuadorian Amazon — an environmentally destructive industry with a long track record of trampling on indigenous people’s rights — have agreed to cease important parts of their financial support, after pressure from NGOs and a devastating oil spill in 2020.

Benin showed Islamic issuance is a viable market for sub-Saharan African sovereigns

Sovereign left little, if anything, on the table for investors

Observers have questioned why the country is issuing debt at this price

Deal will bring fourth major multilateral development bank to the market

The bank's regular appearances in primary markets stopped after Russia invaded Ukraine

The seven year dollar bond's yield will likely be one of the highest in CEEMEA in the last few years

Craig Coben examines whether it is true that no good deed goes unpunished

Investors and bankers grapple with 24% fall in Bitcoin since deal was rated

Investment banking travel was a relentless grind, not gold card access to global glamour

Eight banks provided loan facility to company

Vaccine bond programme to issue $1.5bn this year but needs new pledges

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