IG corporate investors have preferred bonds with higher ratings since tariff chaos began

Turkish banks signs $750m-equivalent deal with one, two and three year maturities

Debut deal had club-style execution amid volatile markets and sector headwinds

There are growing signs of a global reluctance to embrace environmental, social and governance (ESG) principles, with talk of greenhushing emerging in many pockets of the bond market. Yet, Japan’s top regulatory bodies and issuers are eager to embrace ESG and, in particular, to continue growing their transition bond market, seeing its potential for ushering in change and reaching net-zero commitments.

Japan’s sovereign, supranational and agency borrowers are among the most well regarded and highly rated in the international debt markets. Yet they are not immune to the volatility caused by the new US administration under president Donald Trump or the pressure from contrasting monetary policies implemented by different central banks. Timing deals well, being nimble and having diverse sources of funding are all expected to be critical in the year ahead.

◆ A new social bond issuer is born ◆ Agency opts for domestic currency for debut, keen to print again ◆ First Swedish SSA with a social use of proceeds bond

◆ EU’s securitization plan leaked ◆ The first new EM sovereign issuer for years ◆ Who can be sued for climate change?

Case against power company dismissed but NGOs believe precedent for action has been established

◆ Mining firm's biggest euro deal since 2020 ◆ Premium appears negligible ◆ Other challenging names could follow

Governments, companies and investors pass the ball on responsibility

Dedicated EM impact investing is still at small scale

Italgas shareholders approve €1bn rights issue

Pricing was tight after sovereign found healthy demand

New York-based issuer prepares serial and term bonds

The country is set to offer less than 100bp of spread over Uzbekistan

Wood fibres company has returned to profit

As the EBRD launches a new Taskforce and securitization grows, specialists say development banks should reveal more about their assets

Securitization will be central to EBRD’s new five year strategy

Post-management senior positions can be very valuable, but only if handled right

◆ Investors show keenness for higher yielding bonds as macro trumps geopolitics ◆ BNP Paribas and Nomura eye dollar AT1s ◆ Commerz adds tier two capital in euros

The government has had no problem raising money in capital markets since October 2023

Several European IPOs are running despite US attacks on Iran

European IPOs expected next month

Company said the financing will help it take advantage of opportunities in the development of metabolic drugs