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Evercore reports record Q3 revenue

Evercore reported record revenue of US$1bn in the third quarter as the M&A boom pushed global transaction volume above US$1trn.

P&M

Bogota breaks hiatus with US$600m green bond

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. 

BON ESG
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Air Liquide prints acquisition-related multi-tranche deal

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.

BON

Medline emerges with NYSE IPO filing

Medline filed for a NYSE IPO late Tuesday, putting the medical supply giant on track to go public by Thanksgiving Day. 

EQY

EFSF returning to euros after dud deal

The European Financial Stability Facility is lining up its first syndication after a high-profile stumble in the euro benchmark market last month. It will be looking to put that performance, in which it raised well short of its initial €3.5bn size target, behind it.

BON
Rupak Ghose

Two months ago, I wrote that despite Barclays' share price surging, it was too early for it to claim victory . There was still much work to be done and a decent performance in the markets business – essentially trading and financing – in the first half of 2025 had covered up weakness in the investment bank.

P&M
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UBS to appeal AT1 ruling as investment bank surges

UBS flew past analysts’ expectations for third-quarter results as the investment bank’s profits more than doubled from a year earlier, led by a 44% jump in M&A advisory and underwriting fees, in further evidence that its takeover of Credit Suisse is bearing fruit.

P&M
Deutsche outperforms in fixed income trading

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.

P&M
Ardagh restructuring extended

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.

P&M BON
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Barclays ramps up US consumer banking with US$800m Best Egg buy

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.

P&M SEC
Moves – JP Morgan taps Horine to lead US$1.5trn national security banking initiative

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

P&M
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EFSF returning to euros after dud deal

The European Financial Stability Facility is lining up its first syndication after a high-profile stumble in the euro benchmark market last month. It will be looking to put that performance, in which it raised well short of its initial €3.5bn size target, behind it.

BON
Air Liquide prints acquisition-related multi-tranche deal

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.

BON
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Bogota breaks hiatus with US$600m green bond

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. 

BON ESG
LB Saar diversifies through senior preferred debut

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

BON
Afreximbank plans Samurai return

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. 

BON
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Compass seeks more ABS funding for Texas data center

Compass is back in the asset-backed primary to raise US$326m to finance ongoing construction of a massive data center facility in Texas.

SEC ESG
Tricolor's demise casts shadow on Miami securitisation conference

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.

SEC
Enpal teams up with M&G again ahead of public ABS

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.

SEC LOA
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HKMC grows demand for infra loan ABS

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

BON SEC
European ABS back on front foot as stigma fades

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.

SEC P&M
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SLLs fall out of favour as political winds change

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.

LOA ESG
ESG derivatives: In crisis or coming of age?

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.

ESG P&M
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IFC to expand off-grid securitisation in Africa

The International Finance Corp, the World Bank’s private-sector arm, is designing a new financing platform to help off-grid energy companies in Africa raise capital through securitisation.

ESG SEC P&M
Battery storage boom sees range of financing

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. 

P&M ESG
Moves – Wells Fargo's head of sustainable finance departs

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

P&M ESG
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Medline emerges with NYSE IPO filing

Medline filed for a NYSE IPO late Tuesday, putting the medical supply giant on track to go public by Thanksgiving Day. 

EQY
EQT, ADIA and Auba sell 8.4% of Galderma for US$3.27bn

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.

EQY
Focus on quality points to mid-range pricing on Shawbrook IPO

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.

EQY
Appear's IPO covered on first morning

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

EQY
Galaxy Digital gets US$1.15bn in upsized exchangeable raise

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. 

EQY
Private credit hunts for winners in sports finance

Private credit managers are building a commanding position in financing the world of professional sport, backing teams and infrastructure for both new and established powerhouse leagues in the US and Europe. 

LOA
SLLs fall out of favour as political winds change

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.

LOA ESG
Triple C loans stuck in orbit

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.

LOA
Private credit managers upbeat despite turmoil

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.

LOA BON
ADIA eyes debt for APAC portfolio

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.

LOA