Credit markets on both sides of the Atlantic remain on shaky ground, even though issuance volumes over the past couple of weeks have picked up following the big spike in volatility in February.
Russia swept aside fears that crumbling political relations with the West could deter interest in a new deal as the sovereign raised US$4bn with a trade that flew out of the traps.
David Solomon is on the verge of becoming the next chief executive of Goldman Sachs and that might overturn the long-lived dominance of the bank’s legendary trading business.
Spotify Technology streamed its glitzy investor day live last week, the latest step in its revolution against traditional IPOs as the company prepares for a direct listing on the NYSE on April 3.
UBS has merged its debt and equity underwriting teams in Asia-Pacific, just days after the bank said it was facing an 18-month ban from sponsoring IPOs in Hong Kong.
European ECM bankers breathed a sigh of relief as Siemens Healthineers opened up 3.9% on its debut on Friday. The €3.65bn Frankfurt IPO more than doubles European IPO issuance year to date and any wobble by the stock could cause some of the other IPOs currently bookbuilding to fail.
Ivory Coast pushed boundaries in the euro market on Thursday by becoming the first African borrower to issue 30-year bonds in the currency.
Two Indian financial institutions are poised to complete their listings later this month even after volatile market conditions and a massive banking scandal dented valuations in the sector.
Telecoms provider Sprint mortgaged its spectrum for the second time in two years last week, giving the carrier some breathing room to pay down debt and beef up its somewhat spotty network.
A dozen banks that signed on to provide a record US$100bn bridge loan to back Broadcom’s planned US$117bn takeover of Qualcomm will earn starkly less than planned for extending credit to the chipmaker after US President Donald Trump blocked the deal citing national security concerns.