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New law expected to accelerate the dominance of professional landlords
JP Morgan touches nerve with security and resilience push into Europe
The US bank is showing its global credentials at a time of increased transatlantic tensions but European banks are equal to the challenge
Eli Lilly revives dollar market with $9bn M&A financing
US drug company Eli Lilly jolted the dollar market awake on Wednesday with an eight-part jumbo trade to fund two recent acquisitions
New law expected to accelerate the dominance of professional landlords
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Commerzbank and Crédit Mutuel Arkéa shared the spoils in the senior market on Thursday, with the pair tapping opposing ends of the curve and vastly different pools of investors. -
Italy took orders of over €80bn for its first green BTP on Wednesday to become the latest sovereign to enter the green bond market. Germany was also in market, raising €3bn with its first 15 year deal via auction.
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The UK Debt Management Office announced its borrowing remit for its 2021/2022 fiscal year on Wednesday, following the chancellor of the exchequer Rishi Sunak's budget speech, which includes plans to sell a debut green Gilt in the summer with another later in the year. A new UK infrastructure bank, which will use debt and equity capital was also made official in the budget.
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Münchener Hypothekenbank (MunHyp) and the Bank of Ireland sold their first euro green bonds on Wednesday, offering up 2bp-3bp of new issue premium to do so.
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Korea Development Bank has set a new benchmark for Asia by selling the region’s first SEC-registered Sofr-linked floating rate dollar note. It gives further momentum to the use of the new Libor replacement rate, amid an expected spurt in FRN issuance due to volatility in interest rates. Morgan Davis reports.
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Europe’s syndicated loan market is demanding more of borrowers seeking sustainability-linked financing. Recent history shows the bond market lags the loan market on sustainability-linked financing innovation, suggesting investors would do well to pay attention to what is happening in the lending market.
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FIG issuers have shown that investors are ready to absorb all the supply that comes their way
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Investor tells GlobalCapital it liked the portfolio’s diversity, data depth and sustainability impact
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Bank’s €1bn transaction is most granular so far and found new buyers
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World Bank-managed issuer taps capital markets to accelerate donor pledges into Gavi vaccine programmes
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Public pension schemes have sold shares in coal, oil and gas companies but are still funding expansion of the gas industry through infrastructure funds
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Fund modelled on Romania’s Fondul has $2.4bn of assets
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Trade backed by lease, power purchase agreements as sector navigates regulatory changes
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Nigeria plans a total return swap, following peers on the continent in the last 12 months
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The DRC has a poor governance record but that doesn't mean things will end in tears for its investors
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Demand allowed the bank to cut the yield by 35bp
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The country offers huge potential and possible pitfalls for investors
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A piece of very rare African senior bank issuance could also come this week
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Lower rates will need lower inflation — and an FOMC consensus
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Leveraged loan prices have rallied from their post-war dip, with CLO demand remaining strong despite subdued LBO activity
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Gulf AT1 deluge will be a challenge, with or without drone strikes
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The US dollar market buoyant this week despite escalating hostilities in the Middle East
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Redwood will be a repeat issuer
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Monday evening sale is latest block trade
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Sponsored by Crédit Agricole CIB
Syndicated Loan Awards 2025: Crédit Agricole CIB: Driving France’s loan market and ESG transition
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Sponsored by Islamic Development Bank (IsDB)
Sukuk market’s next chapter: Financing the future, sustainably
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Sponsored by CAF – Development Bank of Latin America and the Caribbean
CAF gearing up to transform regional development
