◆ German grid funds capex drive with dual tranche hybrid ◆ Demand holds firm despite aggressive tightening ◆ Deals land close to fair value

At London investor day, supranational reveals deals and plans for new funding and investments, including fully African project financing

◆ ASN's tightest senior bond since 2021 ◆ Dutch lender becomes only the second FIG borrower to have issued more than one European Green Bond ◆ Deal comes hours before 'massive rally' ensues from opening of Strait of Hormuz

◆ Austrian lender's first bond issue of the year ◆ Achieves investor diversification beyond core buyers in DACH, says lead ◆ Moves pricing more than most of its past senior trades

◆ Bond tightens in grey market after record Treasury level ◆ Goldilocks scenario drew investors ◆ Canadian SSAs back in dollars

◆ Issuer’s first EuGB hybrid 10 times covered at peak ◆ Tight senior/sub spreads attractive for issuers... ◆ ...while solid yields entice investors

Fund modelled on Romania’s Fondul has $2.4bn of assets

State of New Hampshire's innovative bond gets Ba2 rating

Shares in company, which manufactures underwater mine disposal drones, have risen by close to 50% this year

Renewables can make Europe’s capital markets less vulnerable to energy price shocks

High demand from institutional and retail investors for maker of Patriot missile components

Book to open on Monday, close on Thursday in latest express IPO

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

The DRC has a poor governance record but that doesn't mean things will end in tears for its investors

Demand allowed the bank to cut the yield by 35bp

The country offers huge potential and possible pitfalls for investors

A piece of very rare African senior bank issuance could also come this week

Central banks in the region have stepped in with support and lenders are thought unlikely to let sub debt extend

In an age of abundant information and opinion, where much of it is wrong, smart investment bankers can still be valuable to clients by embracing the complexity

Bot claims funding is ‘cheaper than peers who borrow from independent banks or credit funds’

Even if ceasefire succeeds, investors will still want a risk premium

Barclays is leading the race to reopen the European RMBS market with an €807m Irish deal, Fingal Securities, a piece of the 'Project Porto' portfolio it bought from Bank of Scotland in 2018, with joint leads BNP Paribas and Bank of America joining sole arranger Barclays to help price the deal.

Japanese issuers are among the best-regarded in the world, offering global investors a safe haven at times of heightened volatility. That is now more important than ever. Their last financial year started amid widespread trade disputes between China and the US. It ended with the global spread of Covid-19, a pandemic that threatens to fundamentally alter the capital markets. GlobalCapital talked to a group of Japan’s top issuers to find out how they have navigated the volatility — and what they’re planning next.

Hertz’s flirtation with bankruptcy has sparked a debate in the asset-backed securities market over the fate of the company’s rental car ABS trusts. But if Hertz succumbs to the economic ravages of the coronavirus pandemic, various safeguards in its ABS documentation should result in minimal damage to bondholders, reiterating a key strength of securitization in times of crisis.