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Label 'helped' Bpifrance on SSA defence-themed bond debut
◆ Fair value debated ◆ International account interest ◆ Big 'curiosity' on use of proceeds
◆ Dealers slow to adjust Länder secondary pricing ◆ 'A lot of discussion' on order updates ◆ Covereds trade tight to Länder
We kiss, but should we tell?
A pair of trading floor colleagues are wondering whether to disclose their relationship at work, and if so, how
Foreign issuers heat up Swiss market into year-end rush
Supranational and German borrowers return to Swiss francs after a long absence
◆ Dealers slow to adjust Länder secondary pricing ◆ 'A lot of discussion' on order updates ◆ Covereds trade tight to Länder
Sub-sections
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Central bank interest rates cuts turbocharged the unsecured FIG market in 2024, making for a strong year for bond issuance. With further rate cuts in Europe expected in 2025, Atanas Dinov reveals how market participants expect the year to unfold -
Although the Swiss franc bond market is on track for its best year since 2014, falling interest rates caused a sharp drop in issuance in the second half of 2024. Widening spreads made the market harder to navigate and, as Sophie Astles writes, the road ahead could be rocky
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Sovereign, supranational and agency issuers made a rapid start to funding in 2024, which proved to be a year when being flexible enough to maximise investor demand proved invaluable. Among the best deals this year are some that captured the moment but also some that sought to do something completely new altogether
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The higher the yield, the hotter the bid — or at least that is how it appeared for most of the year in the financial institution bond market. Investors latched on to the Greek FIG revival, duration and regulatory capital in a bid to boost their returns, which some issuers exploited deftly
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Investment grade companies had one overarching bond market strategy this year: get everything done before November’s US election. The poll may have passed smoothly, but it was preceded by a market where borrowers were willing to take risks and push for ambitious deals. GlobalCapital recognises below the issuers that exemplified that courage and determination
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Company brings its bank group up to 22
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Suspension of Council of Ethics lays bare difficult choices
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Issuer sees use-of-proceeds label as 'perfect tool' to beef up its support to defence sector
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Partnership blends exposure to CLOs and CLO ETFs
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◆ UK tobacco company sells larger than expected €1.2bn dual trancher ◆ Final demand strong despite tighter yields ◆ Sub/senior gap set in the low-100bp area
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International Court of Justice ruling clarifies World Bank Group's obligations
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Parliament is deadlocked on changes to CSRD, while simplifying ESRS moves ahead
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The yield was one of the highest for a sovereign dollar bond this century
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A sovereign issuing bonds after US military strike threats would be absurd if those threats had been made by any other president
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Issuer plans to go longer in dollars and venture into new markets like Canadian dollars, and potentially bring another hybrid deal
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◆ First euro bond for NextEra ◆ Spreads tightened on both tranches ◆ Hybrid supply in euros doubles year-on-year
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Deal will be the first 20 year dollar trade from a CEEMEA sovereign this year
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Head of funding for last 10 years says Bank is pursuing 'greater impact' through 'more synergy'
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UK’s Financial Conduct Authority overlooked ‘technical fault’ and ‘conflict of interest’, lawsuit alleges — FCA will seek to overturn injunction
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The recent high profile bankruptcies of Tricolor and First Brands have cast an uncomfortable spotlight on the private credit market. For commentators and investors alike, these events trigger a familiar debate.
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Oodle and BMW have shown other lenders shut out of the market that they can come back
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Over 200 US stores parcelled, triple-As at 175bp over J-curve
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Conditions attractive for convertible issuers to refinance
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Several European IPOs are running despite US attacks on Iran
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Sponsored by CAF – Development Bank of Latin America and the Caribbean
CAF gearing up to transform regional development
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Sponsored by Emirates NBD Capital
Emirates NBD Capital: An unrivalled conduit for Middle East liquidity
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Sponsored by Instituto de Crédito Oficial
ICO: a benchmark issuer in the European sustainable bonds market
