Free content

AI issuance is becoming increasingly concentrated — beware

Covered bond issuers have been reluctant to issue on the same day as a central bank announcement, but this is starting to change

Bond market's leading performers recognised at GlobalCapital's annual awards ceremony

In the spring of 2025, Mr. Lanciné Diaby, Director General of Côte d'Ivoire's Debt Management Office (Direction Générale des Financements, or DGF), stood before GlobalCapital's audience to accept two of the industry's most prestigious distinctions: “Most Impressive Issuer in Africa” and “Most Impressive Funding Official in Africa”. His message at the time was simple: these awards were not an endpoint, but a milestone on a much longer journey. The Republic would continue to innovate and diversify its funding sources. Fast forward to a year later, Côte d'Ivoire has done just that with the execution, among others, of a Samurai bond and a sustainability-linked loan (SLL) with a novel double World Bank Group guarantee.

The Hong Kong dollar bond market is evolving beyond being one exclusively of private placements to one where public issuance of varying sizes and maturities is becoming more common. The greater frequency of public issuance is leading to more opportunities for investors and issuers alike. Sustaining this growth will require a bigger variety of asset classes, and more diversified local and international participation. GlobalCapital assembled a group of investors and issuers from across the bond market to discuss this burgeoning market and the progress they want to see from it in the future.

The pick-up that sovereign, supranational and agency dollar bonds offer over US Treasuries has collapsed in two years, GlobalCapital’s Primary Market Monitor shows. As triple-A rated supras close in on pricing flat to the US government benchmark, bankers are no longer asking whether a deal can be priced through Treasuries, but when, writes Sarah Ainsworth

Public sector issuers have sailed through a volatile first five months of 2026, despite renewed inflation and growth concerns, writes Addison Gong. Their ability to adjust to higher yields and shorter demand ensured investors devoured a large slug of issuance laying a solid foundation for the rest of the year

In a complex market environment, AFL, the only French bank owned by local governments, will diversify its funding sources further in 2026 to strengthen the resilience and competitiveness of its credit. In this interview with GlobalCapital, Yves Millardet, chairman of AFL’s executive board explains how it is expanding its footprint across bond markets and continuing to focus on optimising funding costs as part of a strategy designed to secure financing for French local public investment for the long term

A rally thanks to cheaper oil has let the Gilt market defer its reckoning with political risk. But it is coming, for sure

The interventionist approach of the US government in forcing Anthropic to pull cutting edge model should worry Europeans

I thought the grass would be greener in fintech land, but it’s patchy and dreary

Impressions from Global ABS