Deutsche Bank’s core fixed income and currencies unit showed its prowess in the third quarter, outperforming the five major US banks. They had reported a 14% year-on-year rise in revenues in their equivalent trading divisions, but Deutsche said its revenues here soared 19% to €2.48bn.

Can and glass maker Ardagh has said the bulk of its creditors have approved its consent solicitation as outlined on July 28. Only its most junior creditors, holding PIK notes, have not backed the deal in sufficient quantities.

Barclays is spending US$800m to buy US personal loan platform Best Egg, which is just 12 years old and was founded and is still run by former Barclays bankers. The deal significantly steps up the UK bank's push into the US consumer market and helps make it less reliant on its investment bank.

JP Morgan tapped Jay Horine to head up its US$1.5trn national security global banking initiative, effective immediately.

Air Liquide brought a four-tranche deal to the euro market on Wednesday linked to its acquisition of DIG Airgas, offering investors something different to the mundane run of refinancings. However, a capped deal size of €2.15bn meant that the bonds themselves were relatively small.

The City of Bogota priced its first international bond in nearly two decades on Tuesday, raising Ps2.3trn (US$600m) from a Colombian peso-denominated green bond, an initial step in the issuer's broader intention to diversify funding sources and scale up sustainable investment. 

Landesbank Saar printed its first publicly issued senior preferred bond on Tuesday, a €300m May 2030 transaction that broadened its investor base. 

Pan-African multinational financial institution African Export-Import Bank filed a registration on Tuesday to issue up to ¥750bn (US$4.9bn) of Samurai bonds. 

Subprime auto lender Tricolor's sudden downfall cast a pall over the usually optimistic attendees at the annual ABS East structured finance conference held this month in palm tree-dotted Miami Beach.

German residential solar company Enpal has partnered with M&G once again to set up an ABS warehouse for residential solar and heat pump loans ahead of its second ABS, planned to happen by end-December, Gregor Burkart, the head of the company's refinancing division, told IFR.

The Hong Kong Mortgage Corp has sold a US$450.5m infrastructure loan-backed security, its third such issue and largest to date.

European securitisation is on track to score another year of healthy volume, confirming its status as one of the hottest sectors in the credit market.

Sustainability-linked loan issuance in the US investment-grade market is fast becoming a relic in 2025, with more borrowers ripping out sustainability clauses as the green future of corporate finance dies down amid a dramatic ideological shift driven by president Donald Trump’s administration.

First devised by ING in 2019, ESG derivatives were once considered a crucial innovation that would turbocharge the transition to net zero at the same time as addressing numerous other societal issues.

Battery energy storage systems are booming and are currently one of the most active areas of the energy transition as rapidly expanding renewable energy sources require new ways to store electricity, according to a report by Natixis. 

Genevieve Piche, head of sustainable finance and advisory at Wells Fargo, has left the firm where she has worked for the past 25 years.

Nordic private equity house EQT, Abu Dhabi Investment Authority and Auba Investment secured SFr2.6bn (US$3.27bn) from their latest sale in Galderma to date, taking proceeds since listing the Swiss skincare specialist to SFr12.54bn – and they still hold shares worth another SFr7.6bn.

Digital bank Shawbrook Group guided investors to middle of the range pricing of 370p per share for its London IPO, where the deal is multiple times subscribed and having secured enough demand to cover the deal at the top of the range.

Books were covered for the NKr861m (US$86.3m) IPO of Norwegian broadcast technology business Appear within 90 minutes of opening on Tuesday.

Galaxy Digital raised an upsized US$1.15bn in exchangeable bonds late Monday to repay an earlier issue maturing in mid-December and replenish its working capital. 

CLO managers are feeling the squeeze as the gap between yields on Triple C and Single B rated leveraged loans has surged to levels not seen since the global financial crisis.

Private credit managers remain bullish about the prospects for the rapidly expanding US$3trn industry, despite increased scrutiny after high-profile defaults in the US and comments from Bank of England governor Andrew Bailey that made comparisons with the runup to the 2008 global financial crisis.

Abu Dhabi Investment Authority is seeking loans totalling at least A$4bn–$4.5bn (US$2.6bn–$2.93bn) for its portfolio of infrastructure assets in parts of Asia Pacific.