◆ Have capital markets comprehended the heatwave? ◆ Which SSA issuers need to get it done this autumn ◆ Halcyon days for MTN, M&A and ECM bankers

‘A fair outcome’ for both issuer and investors achieved, stable spread to KfW proved invaluable

Bankers expect more currency diversification but the biggest wave of isusance may still be to come

◆ Germany agency jumps ahead of full SSA reopening next week ◆ Bankers impressed by book size, tightening achieved ◆ First-mover advantage, 'not much concession' needed

◆ UK utility follows Canadian dollar deal with Swiss debut ◆ Deal offers savings versus euros ◆ Investor limits leave no room for further tightening

◆ Swedish lender prices in line with Nordic banks' trading levels ◆ Among some of the tightest five year prints since early 2022 ◆ New funding provides 'timely opportunity to re-engage with investors,' says Swedbank's head of funding

Investors pay little heed to alarming worsening of climate

Data centres and energy projects are giving loan bankers that rare experience - a buyer's market

Limited damage to securitized properties this year

Existing investors and sector specialists back logistics landlord’s push into tech

Deal the first Kuwaiti Sharia-compliant transaction closed with Chinese banks

Platform claims it can make documenting bonds much faster

Momentum is growing for the economic recovery from the coronavirus pandemic to have a strong green thrust, as the UK’s mini-Budget and comments by European Central Bank president Christine Lagarde made clear this week. Capital market participants are enthusiastic about the prospect and expect it to further green the markets — but how far the drive goes will ultimately depend on politics, write Mike Turner, Jon Hay and Jasper Cox.

A European Union recovery fund proposal is expected to be presented to a summit of European leaders on July 17-18. Its size is to remain unchanged from a proposed €500bn of grants and €250bn of loans, but the EU budget is likely to be slimmed down, according to sources.

Equity investors are turning their focus away from rescue capital raises and towards other long-term priorities after the initial shock of the Covid-19 outbreak. At the beginning of the year, increased investor scrutiny of environmental, social and governance (ESG) factors was on the tip of all tongues in Europe’s equity capital markets, and it is now featuring heavily in conversations again.

The World Bank has abandoned its plans for a follow-up to its pandemic bond. That is a pity. Although its attempt wasn’t perfect, the format is a valuable concept and shouldn’t be abandoned because of one flawed deal.

Each week, Keeping Tabs brings you the very best of what we in the GlobalCapital newsroom have found most useful, interesting and informative from around the web. This week: supervising financial reporting, a discordant health and financial picture in emerging markets, and managing climate risk.

It can hardly be said that the process of releasing Fannie Mae and Freddie Mac out of government conservatorship has been rushed. The painstaking process has taken place over the course more than a decade and has consumed the Federal Housing Finance Agency (FHFA) through two presidential administrations. And yet, FHFA capital requirements proposals published this week for the government-sponsored enterprises (GSEs) may not go far enough to ensure their safety and soundness.

The issuance calendar between now and spring promises rain. Negative carry is the price of staying dry.

Growing likelihood investors will grant formal interest forbearance 

The latest AI-led hacks matched the risks regulators flagged almost six months ago, yet no regulatory framework is on the horizon

New $75m partnership to develop treatment for lymphoma was “catalyst for investors”

◆ Pharma company prints 5.3, 10 and 15 year bonds ◆ Biggest domestic corporate deal in Swiss francs this year ◆ Roche pushes pricing and size in shorter tranches

M&A could be much needed shot in the arm but dollars expected to dominate