◆ Receptive but crowded FIG market requires concessions for funding to clear ◆ BBVA goes big with its first SP in more than two years ◆ Bawag issues first bond after PTSB acquisition

◆ KfW sells another green deal in active year for the label ◆ Less than 2bp NIP paid this time ◆ FMO prices in line with MuniFin, Tennet NL

◆ Sovereign brings new 12 year after recent yield sell-offs ◆ Books in line with recent green BTPs ◆ Both real and fast money accounts active

◆ ESB returns after three years with debut EuGB ◆ Ericsson draws bigger book with wider spread and shorter duration ◆ Both companies pay small NIPs

◆ Crossover credit sells second senior SLB of 2026 ◆ Deal lands tight to secondaries and peers ◆ Proceeds to refinance 2028 convertible maturity

◆ Issuer's joint-tightest spread since 2020 ◆ Constructive backdrop helped execution, says lead ◆ Busy primary market expected on Tuesday

Russian IPOs have long been beset by the political turmoil that surrounds their country’s relationship with the US. Many a deal has been sunk by US-Russia tension, particularly when sanctions are imposed by the former.

Is finance about to break out of the cocoon in which it has pupated for decades, and become a completely different life form?

The European Commission signalled this week that it would extend regulation into many more aspects of sustainable finance, driving an agenda that could change the role of capital markets in society. But although responsible investing experts welcomed it, the complex package of at least 30 measures is likely to provoke a wide variety of reactions, from enthusiastic support to complaints that it is too slow and unambitious, to outright opposition. Jon Hay reports.

How to respond to climate change and environmental sustainability were “of central importance” in the European Central Bank’s review of its monetary policy framework, the ECB said on Thursday as it published the results of the long-awaited review. It has designed a detailed roadmap for incorporating climate considerations across its monetary policy activities, including corporate bond purchases — but environmentalists are likely to be disappointed with the slow pace of reform.

HSBC Asset Management has created a new sustainability office as part of a refresh of its responsible investment team after the departure of Melissa McDonald, head of responsible investment.

The European Commission launched on Tuesday a second big wave of regulation that will soon be controlling more aspects of sustainable finance more tightly. There is a tendency to think anything with the word “sustainable” attached to it is good. But capital markets specialists must ask themselves: will the regulations be helpful?

Deal multiple times oversubscribed as investors buy into electrification and AI story

◆ Another French agency brings early autumn deal ◆ International investors show support ◆ Priced to ensure performance

Shareholders sell down holdings in AutoStore and Orsted, as shipping company opens books ahead of Athens parallel listing

Société Générale and Standard Chartered provided euro and yen tranches respectively in first World Bank-backed transaction involving the Japanese currency

EM debt investors had largely expected a debt treatment would be required

Belgian car leasing company taps four banks and three investment firms

As war drags on, banks are boosting hoards of cash after deposit outflows

The euro tranche is a refi of a bond maturing later in September

Having to rate money-guzzling Anthropic and OpenAI will test the agencies’ nerve

US dollar market bursts to life after Labor Day holiday

Bankers welcome third and fourth deal in two weeks

◆ Pharma firm returns to euros after two years away ◆ Some concession needed for slim covered deal ◆ Koninklijke Philips adds to biotech flow