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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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The €1.3bn-equivalent TLB is partly refinancing but TMF is acquisitive
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European Court to decide whether Commission broke law by squeezing in risky technologies
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Acquisition activity likely to stay slow in first half of year
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Margins are linked to Austrian company’s ESG rating
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Borrowers need to get used to the volatility and higher spreads in the market
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Progress seen in both markets but it remains gradual
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