Blackstone is planning to invest more than US$25bn to develop Pennsylvania’s energy and digital infrastructure via portfolio company QTS and a joint venture with utility PPL. The investment plans are among the most detailed and sizeable announced in the artificial intelligence ramp-up in the US, and dealmakers see a windfall in the offing.

Investment banking revenues came roaring back in the second half of the April–June quarter after being hammered by the US trade policy announcement in April.

Trading revenues continued to soar in the second quarter even as deals on the investment banking side of the major brokers started to find their footing once again as the April–June quarter developed into a more stable environment. That trading resilience surprised some on Wall Street.

US president Donald Trump’s support of cryptocurrencies is helping to turbocharge demand for derivatives pegged to digital assets like bitcoin among institutional clients, exchanges say, as greater regulatory certainty helps to usher in a crypto “renaissance”.

Only three of the six largest US banks have tapped the US bond market after posting strong second-quarter results, slowing the borrowing spree earlier in the year ahead of the potential easing of bank capital regulations.

Froneri on Wednesday printed its €1.1bn-equivalent debut seven-year non-call three euro and US dollar senior secured notes, with the issuer illustrating the favourable levels names with solid businesses – but aggressive capital structures – can achieve.

A cliff-edge fall is approaching for bonds maturing in the next 18 months issued by Nigeria's banks, which have been heavily affected by a rapid depreciation of the naira and a subsequent weakening of their capital ratios.

Swire Properties benefited last week from a sizzling Dim Sum market to print an issue of 10-year bonds, a tenor it failed to get over the line last year. 

MoneyMe printed its second public personal loans-backed ABS offering on Thursday, the no-grow A$200m (US$133m) MoneyMe MME PL 2025-1, which attracted several new offshore bids.  

Sunrun, which provides solar panels and financing in residential areas, is returning to the asset-backed market with the sector's first securitisation since the ratification of a US law that eliminates tax incentives for the photovoltaic industry.    

Two Blackstone businesses are turning up the volume in the market with whole business securitisations that together will raise over US$1.2bn. 

Partners Group is again using the manager-originator risk-retention strategy for its latest CLO new issue, Penta CLO 20, according to preliminary documentation, despite having a funded third-party risk-retention vehicle at its disposal.

A new route is opening up to mobilise private capital into emerging markets with a key sovereign-backed African bond fund issuing its first MTN to a UK insurer.

A key participant in the creation of the sovereign debt swap market’s first set of voluntary “practice standards” expects the guidance to enable new participants in the growing area to “start from mid-stream instead of way back at the beginning”.

Nearly US$23bn of catastrophe bonds were sold between August 2024 and July 2025, marking the busiest ever 12-month period in the insurance-linked securities market, according to specialist data provider Artemis.

The scorching heatwave that has swept across Europe this summer is adding urgency to the call for investment to tackle water stress, which could boost sustainable debt issuance. 

NIQ Global Intelligence, the consumer intelligence software company, is looking to raise US$1.2bn from its NYSE IPO this week, four years after Advent International acquired the business from Nielsen and nearly 15 years after its former parent went public.

US rare earth minerals champion MP Materials has extended its funding by raising an upsized US$650m from an overnight sale of stock on Wednesday, adding to the US$500m Apple has pledged to build a new production facility and the US$400m direct investment by the US government.

Accelerant launched marketing early on Tuesday of its up to US$578.9m NYSE IPO, providing it with funds to clean up its capital structure and giving investors a new way to invest in speciality insurance.

More Hong Kong IPO candidates are filing confidentially, two months after the city's stock exchange started offering this option to selected tech and biotech companies.

Demand for new money trampled over a chequered history for the sponsor and doubts over how to position the credit, as loan buyers consumed the majority of the upsized US$4.5bn-equivalent debt package funding the buyout of The Boots Group, the international business of Walgreens Boots Alliance.

After being forced to shelve its buyout financing amid a market freeze in April, dental products maker Patterson Companies is back as banks seek to offload US$1.5bn of debt at some of the deepest discounts seen in 2025.

Danish renewable energy giant Orsted has closed a project financing of around NT$97.86bn (US$3.35bn) to a strong response from lenders, even though this was the second jumbo deal this year in Taiwan’s offshore wind sector.

Leveraged finance bankers are feeling the squeeze as the growing use of portability clauses in loan documentation cuts banks out of the lucrative process of arranging new leveraged loan packages.