Europe’s capital markets continue to show signs of weakness, such as in new equity issuance, despite a record year of bond issuance and strong growth in private funding, according to a report from the Association for Financial Markets in Europe.

The High Court of Singapore has cleared the way for a US$2.7bn lawsuit against Standard Chartered Bank (Singapore) to proceed with regard to allegations that the UK bank was involved in the 1Malaysia Development Berhad scandal. 

Mongolian bonds have bounced back from turbulence this year, and a broader range of issuance is on the way, according to speakers at the Mongolia Investment Forum in Singapore on Thursday, arranged by Capital Markets Mongolia.

Top investment banks are becoming more comfortable with their ability to use AI to do the jobs of junior bankers for M&A and debt and equity underwriting, which could mean a decimation of analyst programmes in the coming years with banks like JP Morgan rumoured to be cutting analyst ranks by half or more.

FIG investors showed they are more than willing to add risk on Tuesday, as they chased higher-yielding subordinated bonds while proving more selective in the senior segment. 

European financial institutions made a brisk start to what is expected to be a shortened week for market activity as four major issuers set their sights on the senior unsecured or subordinated markets on Monday. 

No SSA mandated on Monday as thoughts about which issuers might still have funding to do had bankers scratching their heads

Thailand's state-owned Dhanarak Asset Development Company made its long-awaited return to the market this month to refinance its Bt10.6999bn (US$329.7m) commercial mortgage-backed securities maturing this year, ending a nearly two decade hiatus since its last issue in 2007.

Primary activity in the European RMBS market was limited last week, with only two transactions in open execution as issuance momentum continued to soften heading into year-end. Both deals were atypical in structure and collateral.

ING Bank (Australia) navigated a difficult market backdrop to raise an upsized A$1.75bn (US$1.14bn) from the IDOL 2025-1 Trust funding-only prime RMBS, which had a modest launch size of A$750m.

German residential renewables provider Enpal has returned to the securitisation market with its second ABS, a €303m landmark trade called Golden Ray 2 that brings heat pump financing into the public markets for the first time as the company prepares for a regular issuance programme. 

Resilience bond sales are showing signs of growing momentum as CAF – Development Bank of Latin America and the Caribbean closed the emerging asset class's latest issue and Tokyo Metropolitan Government prepares a follow-up next year to its landmark offering last month . 

Latin American countries Honduras and Suriname are working to issue sovereign carbon credits that will support efforts to conserve their rainforests. 

Deutsche Bank has set a €900bn target for sustainable and transition finance until 2030 and published its initial transition finance framework along with plans to finance more nature-based transactions as part of a broader update of the bank's sustainability strategy . 

Three multilateral development banks have launched a Caribbean multi-guarantor debt-for-resilience joint initiative to help the region prepare for disasters and ease debt pressures. 

Indian renewable energy company Sembcorp Green Infra is working with Axis Capital, Citigroup and HSBC on a US$500m–$750m IPO planned for next year, people with knowledge of the transaction said. 

Shares in CK Hutchison rose 2.3% on Monday on news of a potential spinoff of health and beauty retailer AS Watson Group.

Jingdong Industrials, a unit of Chinese e-commerce giant JD.com, has started premarketing a Hong Kong IPO of around US$500m for a December listing, said people with knowledge of the matter.

Creditors to Tele Columbus are preparing themselves for potentially taking over the German telecoms operator, almost eighteen months after the company completed a debt maturity extension, sources said.

A US$550m term loan B to fund Advent International and Corvex Private Equity’s acquisition of executive search firm Heidrick & Struggles International has priced.

An approximately US$1.25bn-equivalent term loan B to back the buyout of Australian wealth manager Insignia Financial Group by CC Capital and One Investment Management has priced.

Utility company Consolidated Edison Company of New York (CECONY) has signed a US$500m 364-day senior unsecured term loan.