Goldman Sachs is bringing River Green Finance 2020, the first European commercial mortgage-backed security (CMBS) of the year and the first in Europe to be marketed as green.

Environmentally minded investors piled into green and sustainable corporate bond issues in Europe on Monday, with deals for Energias de Portugal, South Korean steel company Posco and National Grid garnering around €10.3bn of demand.

The UK’s National Grid Electricity Transmission made a barnstorming entrance to the green bond market on Monday, cutting its spread and winning a bumper book for its first euro bond issue in more than a decade.

The European Financial Stability Facility took the spotlight in the euro public sector bond market on Monday with an intraday execution ahead of a busy week. The European Investment Bank, Council of Europe Development Bank, Spain and Cyprus have all announced new deals.

An unusual note of optimism defines the attitude of Europe’s public sector issuers as they approach 2020. While many other markets are beset by fears of a slowdown in global growth, trade wars, and Brexit, SSA borrowers are confident in their borrowing strategies and loyal investor bases. Despite a change of face in the ECB’s top job, rates are still set to remain low for the foreseeable future. Accordingly, investors are having to grit their teeth to stomach the scanty yields on offer for euro SSA assets. Although SSAs are offering little in the way of yield, their place as pioneers of the evolving SRI market always ensures lively debate. In this roundtable, held in early November, market participants on both the buyside and the sell side favoured a more holistic assessment of issuers’ ESG profiles, rather than relying on labelled assets, but whether or not the ECB should take a role in promoting the SRI market through “green QE” divided the group.

Shriram Transport Finance Co appealed to investors in the US by selling a social bond that flew off the shelves, allowing the Indian non-banking financial company to raise $500m.

Artificial intelligence is changing the investment banking game. But banks are divided on whether to cut costs or try and win more deals

The US bank is showing its global credentials at a time of increased transatlantic tensions but European banks are equal to the challenge

FIG issuers have shown that investors are ready to absorb all the supply that comes their way

Investor tells GlobalCapital it liked the portfolio’s diversity, data depth and sustainability impact

Bank’s €1bn transaction is most granular so far and found new buyers

World Bank-managed issuer taps capital markets to accelerate donor pledges into Gavi vaccine programmes

AfDB hopes to launch multi-issuer securitization this year

Deal liberates capital and tempts investors to take new frontier market risk

◆ First dollar benchmark from World Bank since October 2025 ◆ 'Remarkable' size and spread achieved ◆ IDA jumps through hoops to issue SEC exempt deal

New law expected to accelerate the dominance of professional landlords

Trade backed by lease, power purchase agreements as sector navigates regulatory changes

Nigeria plans a total return swap, following peers on the continent in the last 12 months

Growing worries about inflation and interest rate rises not putting investors off EM debt, yet

◆ British lender fixed spread and deal size from outset ◆ Order book closed at over two times the deal size ◆ Fixing terms enabled faster execution, the lender said

◆ Sterling trade was lender's third tranche of covereds this year ◆ 48bp was in line with fair value, a banker said ◆ Santander UK's first sterling covered since May 2025

US drug company Eli Lilly jolted the dollar market awake on Wednesday with an eight-part jumbo trade to fund two recent acquisitions

The US dollar market buoyant this week despite escalating hostilities in the Middle East

Redwood will be a repeat issuer