Issuance 34% ahead of last year’s opening week

New issue premiums were slim for the LatAm sovereign duo

Secondary market performance gave Austrian agency confidence to print

◆ Almost €6bn raised across seven tranches ◆ 12 years is the 'sweet spot' for supply ◆ Single digit concessions offered

◆ Deal is first from updated sustainability bond framework and follows social debut from 2025 ◆ Earlier return to euros than previous years ◆ Minimal concession paid

More convertibles expected after strong fund performance

Implementation necessary after wide-ranging changes last year

Bank's head of DCM and syndicate chief talk bond market expansion plans

Loans bankers wary of potential overbuilding amid Europe data centre growth

Scope of UK regulation set to be more restricted than EU equivalent

German government will spend €108bn on military next year

Taxonomy alignment and credible transition plans could be more important for issuers

Sustainable finance chief leaves Nomura for opportunity in fast-growing region enthusiastic to cut emissions

Country saw surge in syndicated lending volumes in 2025 and this year is expected to be just as strong

$450m add-on makes deal more efficient

First exclusively Estonian securitization the European Investment Bank has supported

Debt financing to become more sophisticated as the race to build data centres across Europe heats up

JP Morgan sole bookrunner on first jumbo block in a month

A junior banker respects their MD, but cannot live with his disorganisation. Can things ever improve?

Solutions exist but political will is necessary

It will take years and huge amounts of money to get Venezuela in a state to restructure its debt

At the end of June GlobalCapital and DZ Bank brought together some of Germany’s leading public sector bond issuers to discuss the impact of the coronavirus pandemic on their capital markets activities. Four months after the crisis began to be felt in Germany, representatives of the country’s development banks and Länder have come through the initial panic and reaction stage and are now beginning to understand more fully the extent of the damage the disease has caused to the economy and just how much their day-to-day lives have changed.

Zam Khan is a managing director in Houlihan Lokey’s Financial Institutions Group, where he leads the portfolio and capital advisory practice. He told GlobalCapital how banks should use financial data to deal with new NPL formations, or risk being engulfed by losses over the next few months.

Noteholder payments have been deferred in a tranche of UK CMBS backed by university halls of residence after the accommodation operator refunded student’s their rent, putting the loan sponsor in the position of having to speculate on demand recovery following the coronavirus outbreak which saw universities shuttered.