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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
Divisions deepen over multilateral development banks’ climate commitments
Deal rules and slow primary market make ramping up deals difficult
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Attractive returns in secondary mean new issues are relying on captive funds from managers for equity
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The invasion of Ukraine showed almost nothing is off the cards in Putin's Russia
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Arbitrage remains ‘horrendous’ despite slight improvement in past week
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Unlike Ukraine's other state-owned issuers, Naftogaz is yet to secure full relief from bondholders
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Industry veteran only joined bank at start of year
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Tom Wipf stands down after four years leading introduction of Sofr
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