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Investment grade companies demonstrated just how much liquidity was sloshing around in the euro, dollar, sterling and Swiss franc markets with a string of large deals. But these bonds did not just stand out for the amount issued. Rather, they showed that there is not always a trade-off to be made between size and price
With a relentless flow of cash into credit markets this year, almost every borrower could be said to have done well. But some issuers stood out for their ability to establish new footholds in certain markets that have since paved the way for peers
The sovereign, supranational and agency bond market in 2025 featured a number of innovative debuts, bringing new issuers to this most venerable of asset classes. Meanwhile, some of its biggest names priced stellar deals, breaking records and pioneering new formats even in volatile markets
The most senior debt capital markets bankers across the Street appear to be an optimistic bunch heading into 2026. In GlobalCapital’s survey of the heads of DCM, Ralph Sinclair discovers upbeat expectations for volumes, pay and hiring and asks how tech is reforming the business
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◆ RBC leads European banks to funding in the US ◆ Once JP Morgan starts the third quarter bank earnings season local FIG bond wave could materialise ◆ This could keep market busy until US election
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Bloc prices another blockbuster after launching repo facility as it adapts to shifting relative value in pursuit of sovereign status
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◆ World Bank returns to five year dollars ◆ Rare IDA 10 year on offer in euros ◆ Supra open for business until year-end
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◆ Dutch bank pushes sterling funding through its euro secondary curve ◆ Max size achieved ◆ Investors remain glued to the deal as they foresee performance amid supply scarcity
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BPost, Gatwick, Southern Gas Networks and Metlen all welcomed
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German power grid nips into market before phalanx of issuers