US boutique advisory firm Perella Weinberg Partners has hired Suraj Tolani as a partner to advise healthcare services clients. He is based in New York.

India’s market regulator is proposing to lower the minimum issue size for initial public offerings from large companies.

Banks’ inflation trading desks have enjoyed their strongest start to a year since 2022’s once-in-a-generation surge in consumer prices, as concerns over the impact of US tariffs have triggered a flurry of activity in this niche corner of financial markets.

M&A bankers entered 2025 with big expectations that it would be a banner year for dealmaking. After a rocky start, the year is now shaping up to be decent – with sellers coming to market and buyers opening their wallets. 

Euro covered bond issuers are filling their boots in a market where clearing levels have tightened significantly over the summer.

The digital bond market has taken a significant step forward with the first major trade of a blockchain-based bond between two major institutional investors, according to trading venue 360X.

Anglian Water's midco found a rousing reception in the sterling market on Tuesday, with the deal showing investors' renewed confidence in buying bonds issued by riskier entities within UK water companies' capital structures.

Volkswagen truck manufacturing subsidiary, Traton made a short stop in the euro market on Tuesday for a €750m three-year note through its Traton Finance Luxembourg entity.

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).

Data center operator Vantage has wasted little time in returning to the asset-backed market following the solid reception of its last securitization earlier in August. 

Barclays (arranger) and Bank of America refinanced Antigua Mortgages and Cheshire 2020-1 transactions into Cheshire 2025-1, a £260m UK RMBS issue, on August 11. The sponsor is Barclays Bank, which used its Isle of Wight Homes vehicle as the seller. All tranches were preplaced, tranches A–D with BofA's trading desk. 

Non-QM issuers continue to target the RMBS market, taking advantage of favourable funding conditions and eager investors.

The European Central Bank's move to make its collateral pool green will put a price on climate transition risk for the first time, although some market participants argue that the central bank needs to go further. 

Two years after slamming the sustainability-linked loan market for failing to achieve its potential , the UK Financial Conduct Authority is subsequently “encouraged by the progress we've seen”.

A non-profit “accelerator” for blue bond issuance created by the Ocean Risk and Resilience Action Alliance has appointed a heavyweight advisory board.

Japanese life insurer Nippon Life wants to encourage companies to expand their environmental efforts beyond cutting greenhouse gas emissions, with a new nature finance framework that promotes nature restoration as well.

Dar Al Majed Real Estate saw its 20% retail tranche covered nearly 2.8 times as it wrapped up its SR1.26bn (US$335.9m) IPO.

Jiaxin International Resources Investment is raising HK$1.2bn (US$154m) from dual primary listings in Hong Kong and Kazakhstan.

Shenzhen-listed Apple supplier Luxshare Precision Industry has filed for a Hong Kong listing that people familiar with the situation said could raise up to US$2bn.

India’s market regulator is proposing to lower the minimum issue size for initial public offerings from large companies.

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.

UK-based distance and blended learning provider Arden University took advantage of reverse enquiries to bolt a sterling tranche on to the trade that will fund its partial acquisition by Brightstar Capital Partners from existing owner Global University Systems.

Ghana-focused Asante Gold Corp has lined up a financing package to unlock around US$500m of proceeds.

Healthcare products manufacturer QuidelOrtho has finalised a term loan B at wider-than-launch terms, reflecting investor hesitation over the company’s post-Covid-19 trajectory, according to a source.QuidelOrtho, which makes tests for a range of illnesses including those caused by coronavirus, has raised concerns among buyside participants as much of the world moves on from the pandemic that began in late 2019, an investor involved in the deal said.“The major hang-up is that this business was one of the Covid-19 beneficiaries, and now they’re trying to pivot,” the investor said. “The pushback is very specific to this credit, since they do rapid point-of-care testing, which was obviously huge a few years ago. Now they’re trying to transition into blood tests done at a primary care office instead of a lab, but if you look at their numbers, they’re down significantly from the peak in 2022.”Negative Ebitda growth has also weighed on sentiment. According to QuidelOrtho’s 2024 annual report, adjusted Ebitda for fiscal 2024 was US$892.1m, having fallen from US$1.025bn in 2023 and US$1.689bn in 2022. The company projects earnings to dip even further, with an estimated fiscal 2025 adjusted Ebitda of US$575m–$612m, according to its second-quarter 2025 results released on August 5.“The revenue they had a few years ago was a peak, and they’re not going to come back to that anytime soon. You can’t look at sales and Ebitda from a few years ago and call that a reasonable baseline for the company,” the investor said.In a market where supply/demand imbalances have fuelled upsized deals and tighter pricing, the reaction stands out as one of the few examples of buyside pushback, the investor added. “None of the hesitation keeps the deal from getting done — it just has to be a smaller size and wider terms.”The loan closed at US$1.45bn after being cut to US$1.4bn from US$1.5bn at launch. Pricing landed at 400bp over SOFR with a 98 OID, compared with initial guidance of 300bp–325bp over SOFR with a 99–99.5 OID.The seven-year facility has a 0% floor and 101 soft call protection for six months. Alongside concurrent revolver and term loan A facilities, proceeds will refinance existing debt. Bank of America is lead-left arranger.According to an August 6 S&P report, the concurrent TLA includes a US$1.1bn tranche and a US$100m delayed draw tranche, while the revolver totals US$700m. The company’s adjusted leverage was about five times for the 12 months ending June 30, the report said.An August 6 SEC filing showed approximately US$2.21bn outstanding on the company’s existing term loan, which originated at US$2.75bn, and US$390m outstanding on its US$800m revolver.