Several banks are preparing to set aside misgivings about cryptocurrencies with the launch of their own stablecoins in the weeks ahead as they seek to take advantage of an imminent change of law in the US, which has until now tried to maintain a firebreak between the two worlds.

Ukraine has a trump card to play in restructuring negotiations with holders of its GDP-linked warrants, according to the lawyer who advised Greece in 2012 on its €200bn restructuring.

Top US banks have boosted their dividend payout plans after passing the Federal Reserve’s annual stress test – with quarterly payouts up 20% on average from previous levels and up 48% from three years ago, just after the pandemic.

Banks are on track to report another strong quarter in sales and trading after US president Donald Trump’s chaotic tariff announcements in April rocked financial markets and triggered a flurry of client activity.

High-yield carmaker Nissan Motor came to the market on Monday with a multi-tranche euro and dollar-denominated US$4bn-equivalent senior unsecured bond offering, which will test whether the company's turnaround strategy can entice investors despite the challenges it faces.

Banco Santander catered to huge pent-up demand for Spanish covered bond paper with tightly priced €1.25bn four-year and €1bn eight-year tranches on Monday. 

The World Bank has kicked off its new funding programme with a well-bid sterling benchmark. It cleared ahead of the European Union and KfW euro benchmarks that are set to be the week's biggest SSA deals.

Banco Santander announced on Friday that it will redeem eight tranches of Tier 2 debt ahead of their scheduled maturity dates after the instruments lost their regulatory capital value at the end of the grandfathering period for EU banks' English law bonds. 

Moody’s downgraded five tranches of Taurus 2021-3 DEU, a CMBS backed by office, retail and parking collateral in Frankfurt airport, after top tenant KPMG announced it would be leaving the property, amid a shift towards more prime, modern locations.

UK financial technology company Ferovinum has secured a US$550m funding line from Pollen Street Capital and a bank in what is claimed to be the first asset-backed securitisation of wines and spirits.

Australian fintech company Zip completed its 10th consumer loans securitisation on Wednesday, the no-grow A$300m (US$195m) Zip Master Trust Series 2025-1, which indicated improved investor confidence in the recently beleaguered buy now, pay later asset class.

With sovereign shareholders continuing to push multilateral development banks towards securitisation and other “originate-to-share” approaches, the European Bank for Reconstruction and Development and the World Bank have moved into the sector’s asset-backed vanguard.

Ivory Coast has added to momentum in the sovereign sustainability-linked debt market with the launch of a World Bank-assisted framework that could make the cocoa producer the first sub-investment-grade country to issue a bond indexed to its emissions performance.

Poland’s return to the green bond market this week after a more than six-year hiatus was welcomed by investors as the sovereign advances its climate commitments.

Banks are working to combine debt financing for data centre and energy projects in the US, creating multibillion US dollar green debt deals that could debut in the market in the coming months.

The growing sovereign debt swap market has finally thrashed out its first set of voluntary “practice standards”. Market participants have been expecting a set of principles comparable to those for green and other labelled bonds administered by the International Capital Market Association for more than a year .

Spanish gaming company Cirsa looks to have played its cards right, with its €453m IPO multiple times subscribed just an hour into the four-day bookbuild, though caution prevails as the deal follows two recent cancelled listings in Europe that started strongly. 

A burst of activity in Hong Kong and China boosted Asia's equity capital market in the first half, despite uncertainty over geopolitical tensions and the threat of US tariffs.

Six issuers are raising as much as HK$13.3bn (US$1.7bn) from Hong Kong listings, as the city's equity market continues its blazing start to the year.

Saudi delivery company Ninja has reached unicorn status ahead of an IPO expected by 2027.

Walgreens Boots Alliance is premarketing the US$4.25bn-equivalent buyout debt package linked to its international business ahead of the official launch into general syndication this month.

Syndicated lending in EMEA totalled US$608.7bn in the first six months of the year, an increase on the US$598.6bn raised a year previously, according to LPC data, as the threat of tariffs, trade wars and rising geopolitical tensions failed to disrupt the flow of deals.

Bankers have taken heed of the market-stopping tariff-induced volatility from April, cramming a huge number of deals into the European leveraged finance primary and largely clearing the decks before a new tariff deadline on July 9.

New World Development has raised a HK$88.2bn (US$11.24bn) borrowing, completing a crucial refinancing of existing bank debt with a covenant waiver expiring in June.