EuroWeek: 20 years of capital markets news

Roundtable: Japan’s transition bond market poised for next issuance spurt

There are growing signs of a global reluctance to embrace environmental, social and governance (ESG) principles, with talk of greenhushing emerging in many pockets of the bond market. Yet, Japan’s top regulatory bodies and issuers are eager to embrace ESG and, in particular, to continue growing their transition bond market, seeing its potential for ushering in change and reaching net-zero commitments.

Rashmi Kumar, April 11, 2025

Roundtable: Japan’s SSAs brace for volatility as geopolitics, tariffs take centre stage

Japan’s sovereign, supranational and agency borrowers are among the most well regarded and highly rated in the international debt markets. Yet they are not immune to the volatility caused by the new US administration under president Donald Trump or the pressure from contrasting monetary policies implemented by different central banks. Timing deals well, being nimble and having diverse sources of funding are all expected to be critical in the year ahead.

Rashmi Kumar, April 11, 2025

Emerging Markets

Africa infrastructure from Alamy 16Jan25 575x375.jpg

Africa Finance Corp advances MDB hybrids with second benchmark

Funding chief hails modest pick-up to issue its first hybrid capital bond

Jon Hay, January 16, 2025

Japan’s bold bet on transition bonds offers new pathway for the world

Japan’s landmark sovereign climate transition bonds have made it a frontrunner in global efforts to achieve net zero and — despite criticisms — offer a much-needed template for other countries pondering their own transition frameworks. Rashmi Kumar reports.

Rashmi Kumar, October 31, 2024

Supras and agencies

KFW, Kreditanstalt fur Wiederaufbau, Zeppelinallee, Frankfurt am Main, Hesse, Germany

KfW closes in on funding target with seven year euro print

◆ Last expected euro benchmark of year ◆ 'Lower size can yield good results' for KfW ◆ Differing fair value opinions

Elias Wilson, October 09, 2024

Roundtable: Markets reopen into an unclear future

From elections to equivalence, it has been an interesting year for the euro covered bond market. As the European Central Bank has fully left the market, covered funders have needed to unearth new — and returning — pockets of demand. In early August, GlobalCapital virtually convened a panel of issuers, investors and intermediaries to discuss what shaped euro covered bond issuance this year, and what is in store for 2025

Frank Jackman, September 04, 2024