Capital must go to adaptation as well as reducing emissions
Recent extreme weather events, viewed in the context of the sixth report of the Intergovernmental Panel on Climate Change, underscore the importance of directing capital not only to reducing carbon...
View ArticleBecton, Dickinson basks in summer euro market
Becton, Dickinson & Co, the US medical technology company, found roaring demand for its four tranche trade on Tuesday, with the issuer managing to flatten its euro curve by 5bp despite the sluggish...
View ArticleUK gov’t’s crackdown on local authority borrowing improves credit, says Moody’s
Moody’s has welcomed the UK government’s announcement of measures to strengthen local authority finances by limiting the sector’s capacity for commercial activity, particularly purchases of commercial...
View ArticleLandmark for direct lending as Ares strikes £1bn sustainability linked deal...
US alternative asset manager Ares has provided UK environmental services firm RSK with £1bn, with its margins tied to sustainable targets. While this is not the first sustainability-linked loan in...
View ArticlePMM: Renewed optimism for FIG borrowers
A pair of corporate borrowers and a surprisingly strong showing for FIG issuers in spite of the summer quiet in other markets provided bankers with reassurance that more deals are in the pipeline this...
View ArticleFears of further pain in El Salvador as widening fails to lure buyers
Even after a hefty slump in its bond prices in recent weeks, investors are failing to see value in El Salvador as doubts grow around a much-needed IMF programme. Some believe there could be further...
View ArticleTrionista TopCo launches €200m sustainable SSD
Trionista TopCo, a German sub-metering provider, launched a €200m sustainability-linked Schuldschein on Tuesday.
View ArticleStandard Chartered tends and extends AT1
Standard Chartered opened books for a dollar additional tier one (AT1) bond on Tuesday, pairing the new issue with an early tender for its perpetual non-call April 2022 note.
View ArticleDeutsche dishes out titles to EMEA IB top brass
Deutsche Bank has enhanced the roles of several senior investment bankers in EMEA as it looks to sharpen its focus on cross-border advisory and sector coverage in the region.
View ArticleProvince of Buenos Aires extends restructuring deadline yet again
The Province of Buenos Aires has extended the participation deadline for its proposed restructuring for the 21st time — dashing the hopes of some analysts who had thought the deal could be wrapped by...
View ArticleStrong pay-rolls pep up Treasury yields
The latest US non-farm payrolls data produced a much stronger than expected growth in US employment, intensifying a sell-off in rates. Attention is turning to the US CPI data, which is released on...
View ArticleHilltop beefs up debt capital markets team
HilltopSecurities hired Tom Baurle to serve as managing director and investment banker, expanding its debt capital markets team. Baurle will focus on ABS, private debt originations and structured...
View ArticleRHI Magnesita links €770m credit line to sustainability rating
RHI Magnesita, an Austrian refractory supplier, has linked interest rates on credit lines totaling €770m to a third-party ESG rating. ING acted as arranger on the deal.
View ArticleGösgen Nuclear Power Plant lights up Swissies
Kernkraftwerk Gösgen-Däniken split open a quiet Swiss franc market on Monday as it looked to slip in ahead of the post-summer rush, landing its eight year bond 3bp through fair value.
View ArticleBrunel enters sterling corporate bonds with £2.1bn fund
Brunel Pensions Partnership, a UK pension scheme, has launched a £2.1bn sterling corporate bond fund, with syndicate officials saying that another buyer in the small market will be helpful, but...
View ArticleFunding scorecard: European sovereigns
This week's funding scorecard looks at the progress European sovereigns have made in their funding programmes in August.
View ArticleSwedish covered spreads steepen as issuance rises
The Swedish krona covered bond curve has steepened over the course of the year alongside a rise in net issuance, with last month's volumes almost twice those of last July.
View ArticleSouthern Europeans close gap on peers in AT1 market
Peripheral European banks have dramatically outperformed their core European peers in the additional tier one (AT1) market this year, with market participants suggesting core names should therefore...
View ArticleMetinvest to buy back 2026s amid stronger cash flow
Ukrainian steel and mining company Metinvest is looking to buy back a portion of its 2026 bonds after the company’s Ebitda almost quadrupled in the first quarter of the year.
View ArticleBEWI asks to call bonds for planned SLB issuance
BEWiSynbra, a Norwegian packaging company, has contacted bondholders to get permission to refinance €215m of notes early with a new floating rate sustainability-linked bond issuance.
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