About a third of Elon Musk’s stake in Tesla remains tied up in margin loans, regulatory filings show, underscoring how the world’s richest man continues to lean on his nearly US$250bn worth of shares in the electric carmaker as a source of cash.

The uptick in dealmaking and trading this summer will power top US banks to outperform in the third quarter.

Some international banks are ramping up hiring of Chinese dealmakers amid an uptick in activity driven by mainland companies listing in Hong Kong and a boom in convertible bond and follow-on offerings.

The UK's Local Government Association has defended a 35-year winddown of its disastrous UK Municipal Bond Agency, which closed to new business in February citing “ongoing lack of demand” after only completing two deals in more than a decade.

Primary bond markets were back in great shape for issuers last week, after a week in which pricing power had shifted in investors' favour.

The Additional Tier 1 market continued to weather various political and geopolitical uncertainties last week as Societe Generale and Raiffeisen Bank International encapsulated the strength of the bid for higher-yielding bonds, drumming up more than €9bn of combined demand at the peaks of their books on Wednesday. 

Turkey more or less completed its funding needs for the year with a US$2bn 10-year bond on Tuesday, which now gives the sovereign the freedom to do some prefunding for 2026 if the opportunity arises.

More records were broken in the primary US dollar SSA bond market in the week of September 8 as one of the sector’s most prominent issuers printed a benchmark in the currency.

A huge wave of supply hit the US asset-backed primary market in the week of September 8 and was embraced by eager investors that want to get their hands on the latest offerings.

Several European auto ABS issuers returned to the market after months of relatively subdued activity largely caused by chaos around US tariffs. All were able to upsize their deals given the strength of order books.

European consumer ABS deals still saw strong traction last week despite sustained levels of supply after the summer break, with spreads continuing to show resilience.

Taco Bell, the Mexican-inspired fast-food chain, served a US$1.5bn whole business securitisation to eager investors on Tuesday in its first deal since 2021. 

The Nordic Investment Bank's long-awaited sustainability-linked loan financing bond is drawing closer with the publication of a framework and second-party opinion from S&P that points to a transition-oriented deal. 

Deutsche Bank is holding course on its sustainability pledges and has updated its transition plan even as international banks flee the UN-sponsored Net-Zero Banking Alliance. 

The UK's Local Government Association has defended a 35-year winddown of its disastrous UK Municipal Bond Agency, which closed to new business in February citing “ongoing lack of demand” after only completing two deals in more than a decade.

A Japanese regional securities exchange launched Japan's first ESG bond market on Wednesday, with the aim of promoting investments in ESG bonds from investors at home and abroad.

After a lackadaisical summer, the US IPO market is running at issuance levels not seen since 2021, highlighting a combination of pent-up supply and investor willingness to engage in new issues to close performance gaps.

Companies have begun to dust off their previously shelved plans for London listings, with lawyers reporting an uptick in preparatory work over recent weeks, raising hopes of an end to the worst downturn in decades for the city’s IPO market.

Asia's foremost bitcoin treasury company, Metaplanet, has raised ¥212.9bn (US$1.4bn) from an upsized international follow-on offering that will fund more purchases of the cryptocurrency.

A family feud over the succession rights to Rupert Murdoch’s media empire spilled over into the equity capital markets last week, with three heirs pocketing US$1.37bn through secondary stock sales of Murdoch's News Corp and Fox Corp on Monday. 

Netherlands-based beverage maker Refresco has led the post-summer repricing wave in the European leveraged market, resurrecting a failed trade from March in transformed markets.

Jumbo bridge loans and corporates adding term loans to their capital structures boosted investment-grade loan volume in July and August after a tepid first half of the year, a spike that signals renewed confidence despite ongoing uncertainty in Washington.

Pharmaceutical services company Cencora has amended a US$1.5bn term loan to cut pricing and shorten its maturity date, marking a rare term loan A repricing in the already tightly priced investment-grade market.

Food services company Sysco signed a US$3bn five-year revolving credit facility that replaces the company’s equally sized RCF from April 2022.