Nvidia's $25bn seven-tranche offering matched Meta’s issuance in late April which are only smaller than Amazon’s $37bn print from March

Bond market's leading performers recognised at GlobalCapital's annual awards ceremony

The Hong Kong dollar bond market is evolving beyond being one exclusively of private placements to one where public issuance of varying sizes and maturities is becoming more common. The greater frequency of public issuance is leading to more opportunities for investors and issuers alike. Sustaining this growth will require a bigger variety of asset classes, and more diversified local and international participation. GlobalCapital assembled a group of investors and issuers from across the bond market to discuss this burgeoning market and the progress they want to see from it in the future.

◆ Anglian Water finds attractive pricing in euros ◆ Iberdrola pays small NIP on dual tranche EuGB ◆ Statnett and EEW Energy bring single tranche green deals

PKO is the fourth Polish bank to debut in the tier two market in the last year

◆ Island region prices €500m sustainable 10 year ◆ Spread tightened 5bp from guidance after book grew ◆ Banker away from deal sees no congestion drag

Banks and investors’ claims to be acting on climate change appear to clash with the financing they still provide in the real economy, research showed this week — such as plans to increase fossil fuel production and consumption, even in the UK and France.

Senior bank finance and capital markets figures speculated this week about where the ECB would be most likely to throw its weight in its effort to boost the sustainability of its balance sheet. With a senior eurozone central banker having recently urged it to decarbonise its assets, banks are on high alert as they anticipate sweeping changes to asset purchase and repo terms, writes Bill Thornhill.

Look at any bank’s website or hear its CEO speak and you will get a torrent of virtuous words about climate change, sustainability and supporting clients on their journeys to net zero. The same goes for big investors, from BlackRock down, but the windows of their ivory towers are misted up with all the hot air being spouted.

BlackRock and Amundi, the largest asset managers in the US and Europe, have both published policies on how they intend to engage with companies about climate change. After widespread criticism, BlackRock has moved a long way towards a more proactive stance, but it is not clear yet that either firm is prepared to get really tough with high carbon emitters — especially in their passive portfolios.

In this round-up, consumer inflation in China disappoints in January, lenders extend a record amount of new renminbi loans last month, and the banking and insurance regulator asks financial institutions to step up their reputational risk management.

Working out how banks can take credible pathways towards net zero emissions will be top of the agenda for the A-list of the banking industry’s chief executives who have joined the Prince of Wales’ new Financial Services Task Force.

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

Divisions deepen over multilateral development banks’ climate commitments

◆ UK utility prints €1.3bn dual trancher ◆ Issuer skips guidance as it masses orders north of €10bn ◆ Longer call leg draws stronger demand

Investors were impressed with how the region's issuers have dealt with the crisis

Book coverage ratio was in the same area as Gulf banks' pre-Iran war euro issuance

Bankers eye Warsh's debut, private credit and stretched equity valuations

US drug company Eli Lilly jolted the dollar market awake on Wednesday with an eight-part jumbo trade to fund two recent acquisitions

The US dollar market buoyant this week despite escalating hostilities in the Middle East

Redwood will be a repeat issuer