The London Stock Exchange has been granted a licence to run a Pisces platform, the first operator to get the green light for trading stakes in private companies on a new UK market. The LSE said it plans to launch the platform later this year. 

James Sadler has joined Oman Investment Bank from HSBC as head of debt capital markets and structured finance, according to a message he posted on LinkedIn.

Foreign investors are set to increase their currency hedging of US assets, traders believe, amid expectations that the cost of shielding portfolios against a weaker dollar will decline if the US Federal Reserve follows through with interest rate cuts next month.

Ireland's central bank has come under intense pressure from local politicians over its role in approving Israeli sovereign bond issues during the Gaza war. A new report from a parliamentary committee calls on the bank, the responsible authority for the European portion of the retail "Israel Bonds" programme, to "desist insofar as is possible from the facilitation of Israeli bonds".

Fortune favoured the brave for several FIG issuers that decided to press ahead with euro debt offerings on Tuesday in spite of political uncertainty and wider secondary market spreads. 

Austria managed to reel in the spread on its seven-year deal by 3bp as asset swap spreads shifted mid-execution, with the deal building on last week's solid reopening of the euro SSA market. 

Six corporates took the plunge into the euro investment-grade bond market on Tuesday following less than positive newsflow from France and the US.

The European Central Bank's decision to introduce a "climate factor" on non-financial corporate bonds pledged as collateral is likely impact spreads for companies with low climate scores, according to a report by Barclays.  

Harley-Davidson raised over US$230m from the sale to KKR and Pimco of residual stakes in a pool of loans, in a transaction that is a component of the larger deal with the two asset managers that it announced on July 30.

Sintex Consolidated, trading as Loanworks, has set guidance for its sixth RMBS offering, the indicative A$500m (US$325m) prime Blackwattle Series RMBS Trust No 6, expected to be launched and priced in the week beginning August 25. 

Deals from the Revocar and Red & Black shelves will reopen the euro ABS market after the summer break ahead of expected strong activity in the coming weeks.

Polish vehicle financing company Vehis Finanse has converted its warehouse financing portfolio into Poland’s first full public securitisation in a deal worth Z135bn (US$372.5m).

The European Central Bank's decision to introduce a "climate factor" on non-financial corporate bonds pledged as collateral is likely impact spreads for companies with low climate scores, according to a report by Barclays.  

Gender equality “orange bonds” have seen an increase in interest from issuers in Asia Pacific, but these labelled bonds must work through a series of challenges before more can be issued.

Green bonds issued in June by Czech energy group EPH are unlikely to significantly advance the company's transition plan because they are not being used to decarbonise fossil fuel power generation, which remains the company's biggest source of emissions, according to research by the Institute for Energy Economics and Financial Analysis. 

The US Treasury has imposed stricter rules on wind and solar projects claiming tax credits, further curtailing clean energy development and financing.

Five banks will join Morgan Stanley on the underwritten tranche of Danish offshore wind developer Orsted’s DKr60bn (US$9.37bn) capital raise after the halting of its Revolution Wind project in the US on Friday knocked the company’s market capitalisation down to DKr75.26bn on Monday.

Jamjoom Fashion Trading Company is seeking to list on Saudi Arabia’s Nomu – Parallel Market with an all-secondary IPO expected to reach around US$80m–$100m-equivalent.

Goldman Sachs has been hired as sole manager to sell part of the government's stakes in state-owned Central Bank of India, Indian Overseas Bank, Punjab and Sind Bank and UCO Bank, people with knowledge of the transactions said. 

German carmaker Mercedes-Benz Group has raised ¥47.8bn (US$324.5m) from a cleanup trade in Japanese carmaker Nissan Motor.

Japanese bank MUFG sold £150m of Thames Water inflation-linked liabilities in the last week, following a similar exit from Barclays earlier this month, as banks fear the embattled utility could collapse and fall into special administration, sources said.

Private credit’s rapidly growing investment in data centres and artificial intelligence may prove to be a risky bet amid signs of declining asset quality throughout the industry.

Debt financing to support Thoma Bravo’s buyout of HR software provider Dayforce is set to be provided by Goldman Sachs and Goldman Sachs Asset Management.

In a sign of the shifting landscape in private finance, asset managers such as Apollo, Blackstone and KKR are deepening their push into investment-grade private credit, targeting large, high-quality assets with bespoke lending structures.