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Five year bond set to be priced much tighter than the development bank's last senior issue
International Finance Corp’s drive to introduce development finance to the CLO market is advancing. Its second deal of $509m had more investors, more tranches and better pricing, supporting its rapid growth
Investors were eager to tender their bonds despite initial resistance
Increased investor interest in utilities hybrids could bring down subordination premium, says SSE treasurer
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The share price of Doosan Fuel Cell Co, a subsidiary of South Korean conglomerate Doosan Group, nosedived on Tuesday after affiliates of the parent raised a smaller-than-expected W198.6bn ($171.1m) from a block trade. -
Inland Homes, a UK housebuilder, has triggered an accordion clause on a sterling loan to finance extra construction, as lenders say there are signs that companies are using money to invest again rather than firefight the effects of Covid-19.
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The International Fund for Agricultural Development has received a AA+ rating from Fitch, becoming the first UN fund to be rated. The move is a prelude to issuing private placements, according to IFAD treasurer Ben Powell.
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The ECB is mulling the idea of green Targeted Longer-Term Refinancing Operations to boost green lending. It's a noble aim — but it should work with the policies it has first, if it is serious about environmental impact.
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The booming IPO market for special purpose acquisition companies (Spacs) is continuing with a new London-based blank cheque company focused on education technology.
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Solar Mosaic is readying a $222m securitization backed by residential consumer solar loans — its second this year. Solar ABS issuers say their investor base has multiplied during the pandemic, in part thanks to the accumulation of of loan performance data.
