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  • Bank of Communications Financial Leasing Co priced a small $600m dual-tranche transaction, attracting twice as much interest on a floating rate note compared to a fixed rate bond.
  • Bond market participants said that Argentina’s decision to postpone the payments of some short-term Treasury bills and “re-profile” the rest of its debt was unlikely to provide a sustainable solution to the country’s financial woes.
  • Adrian Neuhauser, the new chief financial officer of Avianca, said on Thursday that he thought a “very high percentage” of bondholders would participate in a bond exchange that could unlock up to $250m of financing from United Airlines and shareholder Kingsland Holdings.
  • Three Latin American borrowers are meeting investors in advance of likely bond deals as primary market activity in the region looks set to pick up after a quiet August.
  • Investment grade green loans have flourished this year, despite a decline in volumes in the wider loan market. Codification of green and sustainability linked financing by international loan trade associations has boosted environmental, social and governance (ESG) loan issuance in the developed markets, but the emerging markets have so far struggled to get going. Will that change as interest in green financing grows across CEEMEA?
  • Lenders unconcerned as recession portents mount — Booking Holdings gets global group for revolver — Pemberton raises €3.2bn more for Europe’s mid-market — Eurotorg re-enters rouble debt market