Rupak Ghose

Is the reemergence of Japanese financial markets and risk appetite a secular shift or just a mirage in a wide desert? That is what international banks have been wondering for a while but recent moves will give full confidence that they need to invest in Japan or risk being too late to the party.

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Moves – Raiffeisen sets up Swiss credit research team

Raiffeisen Schweiz is setting up a credit research team to cover issuers in Switzerland, stepping into a gap left by the takeover of Credit Suisse by rival UBS two years ago.

P&M BON
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HSBC to buy remainder of Hang Seng for US$13.6bn

HSBC plans to buy out the 37% of Hang Seng Bank it does not own for HK$106bn, or US$13.6bn, to take the Hong Kong bank private and double down on its areas of strength and grow in Asia. 

P&M
BondAuction announces first issuer client

BondAuction and The Housing Finance Corporation have announced a partnership to use the tech startup's novel new issue process that aims to move beyond traditional syndication practices for non-government issuers by allowing investors to register their interest in deals directly on the platform with a precise bid. 

BON P&M
Thames creditors proposal faces obstacles

Thames Water’s most senior creditors have yet to approve the recapitalisation proposal from the troubled utility’s Class A creditor group, which could prove a stumbling block to the plan's backers attempts to take it over. 

P&M LOA BON
Moves – Standard Chartered names Hoornweg CEO of corporate and investment banking

Standard Chartered has appointed co-head of corporate and investment banking Roberto Hoornweg as chief executive of the division.

P&M
Swift CDC trade proves market still open for French agencies

Caisse des depots et consignations on Thursday sold a more than thrice subscribed €1bn five-year sustainable bond, becoming the first French SSA issuer to test the waters in a week that began in volatile fashion after the resignation of yet another French prime minister.

ESG RATE BON
Public Property Invest offers modest premium

Public Property Invest brought the fifth real estate deal of the week to the European investment-grade market, with the bonds offering what some investors viewed as modest yet reasonable premium. 

BON
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Talen readies jumbo debt sale to buy more power assets

Power generation company Talen Energy Supply is readying a US$3.89bn debt sale in a deal that investors say is a play on the boom in AI data centers and the enormous amount of energy they will require. 

BON
Viridium seals sub debt debut after change of ownership

German insurer Viridium Group has introduced itself to credit investors with an €850m long 10-year Tier 2 issued to refinance a bridge facility linked to its recently completed acquisition.

BON
BOAD goes long in euro comeback

West African development bank, BOAD, went surprisingly long with its first issuance in euros in nearly five years, though the deal went down well with investors.

BON
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Cajun to refinance whole business debt from acquisition

Cajun Global is cooking up a US$325m whole business securitization that will refinance an ABS offering that backed its purchase of the Church's Texas Chicken franchiser in 2021. 

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Uniti makes ABS return amid debt revamp

Uniti Group is preparing its second securitization as the US fiber services provider works to restructure its debt to cut interest costs and raises funds to upgrade its networks.

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Ashland helps aviation ABS take off

Ashland Place Finance on Tuesday issued its second aviation loan securitisation further taking this year's supply from the sector past the total for the whole of 2024.  

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SEC revisits securitisation disclosure rule

The US Securities and Exchange Commission is seeking public comments on whether it is time to relax disclosure requirements to encourage more public-registered offerings of non-agency mortgage bonds.

SEC P&M
Busiest Q3 ABS supply since GFC

US asset-backed issuance rang up its biggest third-quarter volume in the post-credit crisis era as issuers continued to take advantage of favourable funding conditions and keen investor demand.

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ADB reactivates Canadian green

The Asian Development Bank has brought the Canadian dollar green bond market for foreign supranational and agency borrowers back to life after a hiatus of nearly two years.

BON ESG
Flemish Community gets traction in undersupplied long end

Long-end buyers have welcomed the Flemish Community's new 25-year in a market low on public non-sovereign (or quasi-sovereign) duration deals.

BON ESG
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Social rarity ends Czech absence from ESG bonds

The Czech Republic has ended its long absence from ESG bond markets with a rare sovereign social bond issue. 

ESG BON
UNEP's nature tool for banks reflects growing impact focus

The UN Environment Programme has launched a tool to help banks engage with clients on nature, underscoring the growing focus on nature-related disclosure in the financial services industry. 

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World Bank to widen EM securitisation effort

The International Finance Corp’s recent collateralised loan obligation is set to ramp up the fledgling multilateral development bank securitisation market, ushering in regular issuance, new names and even potential commingled deals with multiple loan originators.

ESG BON SEC
Investors shift Zentiva excess

Prague-based pharmaceuticals manufacturer Zentiva’s freshly issued buyout loan dropped in the secondary market on its first trading day, with investors citing heavy allocations and caution around the tight final pricing.

LOA
Thames creditors proposal faces obstacles

Thames Water’s most senior creditors have yet to approve the recapitalisation proposal from the troubled utility’s Class A creditor group, which could prove a stumbling block to the plan's backers attempts to take it over. 

P&M LOA BON
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It's in the game: JP Morgan backs landmark EA buyout

JP Morgan is spearheading a US$20bn debt package to back the US$55bn buyout of video game maker Electronic Arts – the largest leveraged buyout in history and the biggest committed LBO financing on record.

BON LOA
RBI proposes to ease ECB rules for Indian corporates

The Reserve Bank of India has proposed to relax external commercial borrowing rules for Indian companies to make it easier for them to access the offshore markets, according to a draft framework released on October 3.

P&M BON LOA
First Brands' collapse exposes landmines in supply chain finance

Factoring and supply chain finance, once considered savvy tools for companies to manage cashflow, are once again under the microscope of leveraged loan investors after the spectacular blowup of US auto parts supplier First Brands. 

LOA BON