Top section
Top section
CEB plunges into Sofr FRNs with $500m debut
New product 'ticks boxes' including more investor diversification for Paris-based supranational, which also sold its largest Kangaroo
Newfoundland prints 20 year, Crédit Agricole debuts a green covered bond
Lloyds lifts green senior euros after Yankee foray
◆ UK lender raises $4.5bn-equivalent in five senior holding company tranches this week ◆ Both deals target long dated funding ◆ Despite secondary widening, euro offering lands with hardly any premium
Crédit Agricole differentiates from competition with 'untested' 12 year SNP bullet
◆ Insurance companies anchor long dated green tranche with near-4% yield ◆ Curve extension debated ◆ Deal comes amid widening secondary spreads but lands with negligible premium
Newfoundland prints 20 year, Crédit Agricole debuts a green covered bond
Sub-sections
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Sterling deal securitizes two data centres in Slough -
International interest for German paper has grown
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◆ Dutch lender's latest €2.5bn senior holdco follows Aussie domestic senior foray ◆ Comes a day after $1.5bn AT1 and before green RMBS ◆ Demand for senior unsecured assets is strong as ING clears big funding with limited, if any, new issue concession
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◆ Issuer's first green benchmark in 2026 ◆ Blended premium estimated ◆ Central bank/official institution allocations 'notable and high' for green label
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Bankers insist sustainability-linked loans are here to stay
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◆ Demand sticky despite tight pricing ◆ Trade performing in secondary ◆ Tight senior/sub spread spotted
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Bank of America has set up an EMEA ESG strategic council chaired and led by three senior investment bankers, to intensify its effort to reduce its carbon footprint and manage its climate risks.
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Leaving investment banking to join the world of impact investing and environmental NGOs is not something people do lightly. But having made that move a decade ago, Keith Tuffley has been tempted back, to help shape the response of Citigroup’s investment bank to the accelerating rise of sustainability.
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Biodiversity — long overshadowed by climate change as the financial world has started to get to grips with environmental issues — has leapt up the agenda with the launch on Friday of the Taskforce on Nature-related Financial Disclosures.
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Sustainable securitization is moving into the mainstream, with a growing number of managers adopting ESG language in CLOs — usually through excluding specific industries from investment. What’s next in the green securitization revolution will depend on building a rigorous framework for assessing ESG factors and how to create standards. Paola Aurisicchio reports.
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Royal Dutch Shell was on the receiving end of a landmark court ruling last week that will compel the company to take profound climate change mitigation action. Not that you’d know from Shell’s bond curve. Time for fixed income investors to pull their heads out of the oil sand.
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Three unprecedented events this week — a landmark court ruling against Shell and shareholder revolts at Chevron and ExxonMobil — signalled that investors and society at large have rejected the oil industry’s early attempts at joining the low carbon transition and are looking for much more radical action. Oil majors retain good access to capital markets, but the clock is ticking. Jon Hay reports.
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◆ Second ever bond for the issuer ◆ Deal marketed to both SSA and credit investors ◆ Offers potential for tightening on the back of southern European convergence trade
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BSTDB has had a tricky time since Russia attacked Ukraine, both of which are shareholders
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Commodities trader halves its stake for £132m after shares soar
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◆ Deal follows NextEra’s euro hybrid debut last year ◆ Eight year tranche draws the larger book ◆ More Reverse Yankee issuance expected to follow
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The familiar problem of inter-creditor opacity has also reappeared
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'Hard to classify' Italian corporate trade being marketed to FIG and SSA accounts
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Investors and bankers grapple with 24% fall in Bitcoin since deal was rated
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Investment banking travel was a relentless grind, not gold card access to global glamour
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Books were nearly three times the issue size
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Eight banks provided loan facility to company
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Vaccine bond programme to issue $1.5bn this year but needs new pledges
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First deal of its kind more than 1.5 times subscribed
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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
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Sponsored by Emirates NBD Capital
Emirates NBD Capital: An unrivalled conduit for Middle East liquidity
