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Investors are hungrier than ever for the asset class as markets move on from the coronavirus crisis
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A flurry of event-driven financing is in the works in Asia, and will test the market’s appetite for higher leverage ratios
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Borrowers still have a golden opportunity to get funding away before the Fed’s conference next week
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Covered bonds exploded into life this week with a pair of five year Pfandbriefe. But participants are wary that rates volatility may unhinge the bank finance market
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A new piece of antitrust regulation planned by Beijing has weighed on the already weak sentiment on overseas listed Chinese technology stocks.
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Sustainability-linked financing is set to grow in private credit after direct lender sets new record
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Record low coupons should give way to new pricing methods in the additional tier one market
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Large European banks are tipped to bring their deal plans forward after they saw Barclays make the most of summer funding this week. The UK issuer proved firms will not have to wait until September to be confident of attracting big books at tight spreads.
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There are worrying signs in the way Banca Monte dei Paschi di Siena’s tier twos have traded after UniCredit signalled its interest in the bank.
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Bank of China took its pivot away from Libor-linked bonds further this week by selling a dollar note tied to the secured overnight financing rate (Sofr) and a sterling-denominated deal that was the first Sonia-linked bond from a Chinese issuer. While BOC’s transaction was important, bankers say the new benchmarks are still slow to take off in Asia. Morgan Davis reports.
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It’s time for investors to pressure borrowers to emphasise Scope 3 emissions if they want to make the difference to climate change they claim they do.
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South Korea’s financial regulator has stepped up scrutiny of big IPOs recently, disrupting a few listings and stoking concerns about a pullback in deal flow. Investors have so far been undeterred — but it’s time they start paying attention.