Top section
Top section
Stedin seals record senior/sub spread with green hybrid
◆ Deal smashes through previous record ◆ Longer tenor helps compress the spread ◆ Strong demand buoys hybrid market
◆ Italian lender becomes first lower tier bank issuer to price this year ◆ Deal launched into 'issuer's market' and benefits from tight price versus national champions ◆ Ayvens issues first green bond in its current form
BayernLB pushes green tier two funding through Covid era levels
◆ Landesbank returns to benchmark capital issuance for first time since 2021 ◆ Gathers attention of bigger investors in busy FIG market ◆ Italy's Banca Ifis completes first tier two foray in more than five years
E.ON squeezes pricing on €1.6bn deal but pays in attrition
◆ German utility brings two tranches including green ◆ Orders prove more resilient in green tranche ◆ Both legs priced near fair value
◆ Italian lender becomes first lower tier bank issuer to price this year ◆ Deal launched into 'issuer's market' and benefits from tight price versus national champions ◆ Ayvens issues first green bond in its current form
Sub-sections
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◆ Issuer tests appetite with two stage tightening ◆ New issue concession estimated ◆ Buyers pile into Wallonia's shorter tranche -
◆ Hybrid books hold firm as senior sales shed ◆ Both tranches land far through fair value ◆ Telefónica achieves tight senior/sub spreads
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Issuance 34% ahead of last year’s opening week
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New issue premiums were slim for the LatAm sovereign duo
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Secondary market performance gave Austrian agency confidence to print
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◆ Almost €6bn raised across seven tranches ◆ 12 years is the 'sweet spot' for supply ◆ Single digit concessions offered
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Implementation necessary after wide-ranging changes last year
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Bank's head of DCM and syndicate chief talk bond market expansion plans
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Loans bankers wary of potential overbuilding amid Europe data centre growth
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Scope of UK regulation set to be more restricted than EU equivalent
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German government will spend €108bn on military next year
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Taxonomy alignment and credible transition plans could be more important for issuers
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Sustainable finance chief leaves Nomura for opportunity in fast-growing region enthusiastic to cut emissions
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Country saw surge in syndicated lending volumes in 2025 and this year is expected to be just as strong
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First exclusively Estonian securitization the European Investment Bank has supported
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Debt financing to become more sophisticated as the race to build data centres across Europe heats up
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JP Morgan sole bookrunner on first jumbo block in a month
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Hong Kong’s Securities and Futures Commission (SFC) is planning to bring in sweeping changes to rules governing equity and bond deals, requiring syndicate teams to be fixed earlier and fee structures to be disclosed. The moves have divided bankers. Jonathan Breen and Morgan Davis report.
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Chinese regulators have made a long overdue move to reduce the number of boards at the Shenzhen stock exchange. That points to a greater commitment towards streamlining the country’s sometimes confounding capital markets.
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Hong Kong’s Securities and Futures Commission (SFC) is planning to introduce new rules that will require syndicate teams on bond and equity deals to be fixed earlier and brokers to disclose their fee structures, moves that are aimed at improving transparency in the city's capital markets and hold banks more accountable for their transactions.
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First deal of its kind more than 1.5 times subscribed
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Deal complexity, new issuer premium sees trade start more than 100bp wide of last WBS
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Gym franchise wants to refinance paper issued in 2022
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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
