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Margins widen as lenders weigh up AI disruption to portfolio companies
◆ What strikes on energy infrastructure in the Middle East mean for emerging market bonds ◆ Why issuing in dollars has become so dicey for supranationals and agencies ◆ Europe’s advantage in the private credit meltdown
A slow destruction of misallocated investment is more likely than a sudden stop
Investors confident software fears are overblown
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  • Volkswagen wowed Euro-medium term note bankers on Tuesday as it used the MTN format to print its longest ever debt issue, a €100m 30 year bond.
  • A new funding market could be about to bloom as domestic and foreign investors prepare to launch funds mandated to buy private placement debt from unlisted Italian corporates, EuroWeek can reveal. The biggest potential stumbling block, however, is the uncertainty surrounding the formation of a new Italian government, writes Craig McGlashan.
  • Sato, the Finnish residential property developer and manager, has mandated Nordea Markets and Pohjola Markets to establish and market a new €500m secured MTN programme. Like the company and its previous bond, the programme will be unrated.
  • Sato, the Finnish residential property developer and manager, has mandated Nordea Markets and Pohjola Markets to establish and market a new €500m secured MTN programme. Like the company and its previous bond, the programme will be unrated.
  • FIG
    US prime money market funds have ploughed into European bank commercial paper in recent months but questions remain over the future of the investor base after more authorities in the US added their voices to calls for reform in the industry this week.
  • Construction company Vinci sold its first privately placed Euro-medium term note for more than a year on Thursday, offering a rare chance for investors to buy floating rate corporate paper.