Bond market legend Hans-Joerg Rudloff died on December 1. He was widely acknowledged as the father of the Eurobond market and crucial to the build up of Credit Suisse First Boston and then Barclays Capital. He was 85.

Britain has reduced the capital requirement for its banks in an effort to increase their competitiveness compared to US rivals, which should boost banks’ ability to return excess capital to investors and step up lending.

The Partnership for Carbon Accounting Financials has released an updated standard with new methodologies and clearer guidance that will make it easier for banks and other financial institutions to track emissions across more financial products. 

Ukraine has launched an exchange offer for holders of its US$3.24bn GDP-linked warrants, inviting holders to swap US$1,000 principal of the notes for US$1,340 of a new "C bond", as well as up to US$70 in cash if early consent is given to the deal by December 12.

Bankers are untroubled by the idea of more bills as the UK Debt Management Office probes increasing ultra-short issuance.

Against a backdrop of improving market sentiment, Banque Federative du Credit Mutuel and ABN AMRO seized the opportunity to advance on their 2026 funding programmes on Tuesday through senior transactions that were well received, proving investors can still be lured out to play this late in the year under the right conditions. 

A structural supply/demand imbalance in euro area government bonds in 2026 is likely to be a source of market weakness over the year, and particularly at the long end of the curve. We think this, along with other factors, will drive long-dated yields higher again, continuing the bear market which began in 2021.

Arini has rapidly established itself as the most active newcomer in European CLOs, in a market bursting with debut managers, record issuance and optimism of more growth to come.

Thailand's state-owned Dhanarak Asset Development Company has made its long-awaited return to the market this month to refinance its Bt10.7bn (US$329.7m) commercial mortgage-backed securities maturing this year, ending a nearly two-decade hiatus since its last CMBS issue in 2007.

Luxembourg-based digital bank Advanzia is working on a potential debut public credit card securitisation next year, a spokesperson told IFR.

Residential mortgage-backed issuers took centre stage during the holiday-shortened week in the US structured finance market. A trio of non-QM issuers were able to price deals before market participants settled into their time off for Thanksgiving on Thursday. 

The Partnership for Carbon Accounting Financials has released an updated standard with new methodologies and clearer guidance that will make it easier for banks and other financial institutions to track emissions across more financial products. 

The UK government has updated its green financing framework, which covers green Gilts and retail green savings bonds, in a major overhaul that adds nuclear energy as a use of proceeds for the first time.

The corporate sector in water-related ESG debt is slowly gaining momentum after institutions including APG and Fidelity funded the inaugural blue bond from Italy. But blue benchmark issues are likely to remain a rarity in the sector, according to issuers, investors and bankers, with green bonds the main route to financing companies’ blue uses of proceeds instead.

British International Investment and impact investment manager BlueOrchard are launching an innovative US$250m-plus blended finance fund to bring insurance capital into climate projects in emerging markets.

Iren is looking to raise US$2bn from a two-part sale of convertible bonds to repurchase bonds it issued within the past year at a massive premium, while simultaneously selling stock to help facilitate delta hedging across the tricky refinancing.

Chinese biopharmaceutical company 3SBio has raised HK$3.1bn (US$400m) from a primary share placement. 

Books are covered for SBI Shinsei Bank's Tokyo IPO of up to ¥321.9bn (US$2.1bn), said people familiar with the matter.

Natural gas pipeline operator Northwest Pipeline LLC has entered into a US$250m three-year term loan. 

UK-listed Berlin residential real estate firm Phoenix Spree Deutschland has signed a €255m five-year term loan to complete a comprehensive refinancing of all its debt facilities ahead of a maturity in September 2026.

Spanish chocolate manufacturer Natra has released price talk for its €500m term loan B to refinance existing debt.