Rising Japanese bond yields have encouraged global investors and companies to increase their hedging of Japanese interest rate risk for the first time in years, banks and consultants say, ahead of Japan’s snap general election this weekend in which prime minister Sanae Takaichi’s Liberal Democratic Party is projected to win a landslide victory.
SpaceX has acquired its sister company xAI for US$250bn, in a deal that will provide some much-needed financial support to the lossmaking AI and social media platform – but which could complicate the rocket maker’s plans to launch the world’s biggest ever IPO in June.
The stalled sovereign debt-for-development swap market is set for its first deals in more than a year after a notable new player created by DFD pioneer Ramzi Issa signed up a leading speciality insurer to back its transactions.
After five years of under-budget privatisation receipts, the Indian government appears to have finally decided to take advantage of the country's booming equity capital market to sell more stakes in state-owned companies.
The UK's Transition Finance Council is getting ready to publish overarching global guidelines to assess the credibility of companies and groups' transition plans as the architecture to scale up transition finance continues to move into place.
Alphabet broke several records in its debut sterling deal on Tuesday when it raised £5.5bn across five-tranches, including a rare 100-year bond in the currency.
Ledn liquidates some loans ahead of first bitcoin-backed ABS deal: S&P
Ledn, which is preparing a rare bitcoin-backed structured finance offering, sold a "significant share" of the loans it planned to securitize in the deal over roughly the past week as the value of the digital currency fell, S&P said in a presale report on Monday.
China is to take biodiversity financing to a new level with the first sovereign green bond to dedicate its proceeds to addressing biodiversity loss and protecting ecosystems.
Italy's Intesa Sanpaolo became the latest issuer to lock in historically tight euro Additional Tier 1 spreads with a two-part transaction on Tuesday, demonstrating how far the market has moved in the relatively little time since it last tapped the market.
The AI boom has been backed by investor enthusiasm – and their money – on an unprecedented scale. Investment bankers have high hopes of a huge year for deals. But just like the broader economy, will this be a K-shaped market for tech deals?
Barclays eyes investment banking uplift as it raises targets
Barclays is aiming to increase market share in advisory and capital markets to help hit higher returns targets for this year and 2028, after a decent last quarter for its investment bank on the back of strong growth in trading revenues.
Standard Chartered's chief financial officer Diego De Giorgi is leaving the bank with immediate effect to join Apollo as a partner and head of Europe, the Middle East and Africa. The former investment banker had been widely seen as a top candidate to take over from Bill Winters as Standard Chartered CEO.
SpaceX purchase of xAI brings relief – and headaches – ahead of record IPO
SpaceX has acquired its sister company xAI for US$250bn, in a deal that will provide some much-needed financial support to the lossmaking AI and social media platform – but which could complicate the rocket maker’s plans to launch the world’s biggest ever IPO in June.
Alphabet broke several records in its debut sterling deal on Tuesday when it raised £5.5bn across five-tranches, including a rare 100-year bond in the currency.
Italy's Intesa Sanpaolo became the latest issuer to lock in historically tight euro Additional Tier 1 spreads with a two-part transaction on Tuesday, demonstrating how far the market has moved in the relatively little time since it last tapped the market.
Allwyn tests waters following Telenet postponement
Lottery operator Allwyn mandated an offering of new notes on Tuesday, making it the first pure high-yield transaction to test the waters following the postponement of a refinancing deal from Belgian telecoms company Telenet ServeCo just days before.
Ledn liquidates some loans ahead of first bitcoin-backed ABS deal: S&P
Ledn, which is preparing a rare bitcoin-backed structured finance offering, sold a "significant share" of the loans it planned to securitize in the deal over roughly the past week as the value of the digital currency fell, S&P said in a presale report on Monday.
Marathon and Castlelake are returning to the aviation securitization market to take advantage of tight spreads and rising lease prices for planes as a result of tight supply and robust ridership.
A Blackstone joint venture is in the securitisation market with a US$3bn offering to refinance the Cosmopolitan casino on the Las Vegas Strip that it purchased in 2022.
Australian digital financial services company Zip broke new ground with its 12th buy now, pay later consumer loans ABS issue, the A$300m (US$210m) Zip Master Trust Series 2026-1, which was priced on January 30.
China is to take biodiversity financing to a new level with the first sovereign green bond to dedicate its proceeds to addressing biodiversity loss and protecting ecosystems.
Blue bond buyers Fidelity and T Rowe Price supported a US$50m private placement by Turkey's Isbank that marked the country’s first water-related offering taken up by commercial investors.
The stalled sovereign debt-for-development swap market is set for its first deals in more than a year after a notable new player created by DFD pioneer Ramzi Issa signed up a leading speciality insurer to back its transactions.
Transition Finance Council set to publish new guidelines
The UK's Transition Finance Council is getting ready to publish overarching global guidelines to assess the credibility of companies and groups' transition plans as the architecture to scale up transition finance continues to move into place.
India launches Rs26.5bn share sale in Bharat Heavy
The Indian government has launched a Rs26.5bn (US$293m) offer for sale in Bharat Heavy Electricals at a floor price of Rs254, an 8% discount to the last close of Rs276.10, according to a termsheet.
Seeds and crop protection giant Syngenta Group has picked CICC, UBS, Bank of America, Citic Securities and Goldman Sachs to lead a planned giant Hong Kong IPO as early as this year, according to people with knowledge of the matter, in what could be the largest listing in the city in seven years.
Indian digital payments company PhonePe plans to launch an up to Rs120bn (US$1.31bn) all-secondary IPO as early as end March, people with knowledge of the transaction said.
The board of India's National Stock Exchange has approved an all-secondary IPO and the company will start meeting banks to finalise the IPO syndicate over the next few weeks, according to market participants.
Clear Channel Outdoor acquisition supported by debt
A US$3.369bn 364-day bridge facility will back Clear Channel Outdoor Holdings' US$6.2bn acquisition by Mubadala Capital, in partnership with TWG Global.
Paramount Skydance has augmented its all-cash bid to acquire media conglomerate Warner Bros Discovery, suggesting WBD debt refinancing options as part of a broader package designed to tempt shareholders from Netflix’s competing offer.
A group of banks, including Citi, Goldman Sachs and Morgan Stanley, have underwritten up to €4.95bn in debt financing to back the €7.8bn buyout of Polish parcel locker firm InPost by a consortium led by Advent and delivery firm FedEx, sources familiar with the situation said.
A wide syndicate of banks, including Citigroup and UBS, are supporting CVC Capital’s acquisition of Dutch DSM-Firmenich’s Animal Nutrition & Health business with a term loan B of around €800m and an RCF, according to sources.
Veterinary care provider IVC Evidensia has pulled the transaction that was aimed at extending the maturity of its US$1.113bn, €2.422bn, and £1.143bn senior secured term loan Bs.
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