Foreign direct investment in Ukraine could reach US$145bn in the next decade and international financial institutions could attract up to US$59bn in private co-investment, which in turn could help meet more than one-third of its hefty reconstruction bill, Citigroup estimates.

Storied emerging markets investor Mark Mobius, who served as a fund manager at Franklin Templeton Investments for more than 30 years, died aged 89 on April 15.

Morgan Stanley posted a record quarter in equities trading, keeping pace with rival Goldman Sachs.

Citigroup started the year off right, with a strong performance in trading and a record quarter in M&A advisory. 

Any questions over the depth of demand for UK government bonds were put to bed last week following a record-breaking 10-year syndicated sale on Tuesday.

Brazil returned to the euro market on Wednesday for the first time in more than a decade, raising €5bn from a three‑tranche transaction that matched the size of Mexico’s deal in September – the largest euro deal from a Latin American issuer. 

Herbalife turned to an upbeat junk bond market on April 15 after abandoning a leveraged loan sale in March as the multilevel marketing company sought to refinance upcoming debt maturities and cut interest costs. 

Following two days of frenzied issuance, the FIG market took a breather on Thursday as just two issuers ventured out in senior format: Hypo Noe in euros and Royal Bank of Canada in sterling.

The European ABS market was dominated by auto deals in the past week, with four issues, including a Swiss lease ABS, coming to market despite ongoing volatility from the war in Iran.

Yamaha Motor is returning to the US asset-backed market with its first floorplan offering in over a quarter century after the recreational vehicle maker experienced a dour year as a result of US tariffs and rising costs.

UK specialist lender Lendco made a successful return to the securitisation market with its latest buy-to-let transaction, which was upsized, as conditions in the UK RMBS market continue to demonstrate resilience despite ongoing geopolitical uncertainty.

US securitisation participants expect solid dealflow in the second quarter, even though the war in Iran that erupted six weeks ago has kept financial markets on edge. 

Tideway, the operator of the Thames Tideway Tunnel known as London's "super sewer", is planning to turn its entire green debt stack blue as it completes final testing before handing over the asset to Thames Water.

SpareBank 1 Sor-Norge attracted colossal demand on Monday as it visited the euro market for the first time since May 2024 with a €500m six-year non-call five green senior non-preferred trade that was more than five times subscribed.

South Africa’s FirstRand Group has leapfrogged multilateral development and commercial banks by becoming the first market player to replicate the World Bank’s outcome bond structure .

Sustainable finance will play a central role in raising hundreds of billions of pounds of private capital over the next decade to fund the UK government's ambitious growth and infrastructure plans and help meet its net-zero targets. 

The US IPO market is in the early stages of a sustained recovery as investors look past geopolitical uncertainty to seize on opportunities aligned with a domestic-first economic agenda.

Reliance Industries-owned Jio Platforms plans to file for an IPO in May, people with knowledge of the transaction said.

Contemporary Amperex Technology, the world's largest maker of electric batteries, is considering a share offering of around US$5bn in Hong Kong after a strong run-up in its share price.

Arxis capitalized on surging investor demand for aerospace and defense assets, raising an upsized US$1.13bn from its Nasdaq IPO after the deal drew 20x coverage.

US leveraged finance markets are beginning to come back to life, as a two-week ceasefire in the US war with Iran has created a narrow but actionable window for issuers to return with riskier debt offerings.

Building materials credits have come under sharp pressure, as investors react to the sector’s sensitivity to the economic cycle and inflation concerns triggered by the war in Iran.

Leveraged finance bankers are confident that demand is ready and waiting to meet supply, with momentum building behind LBO deals, although there is little pressure forcing issuers to move ahead with transactions.

Ford Motor, an early US adopter of the sustainability-linked loan framework, has removed the incentive from its revolving credit facilities as part of a wider exercise to amend US$21bn of its loans.

There is a tremendous amount of fuss surrounding Bill Ackman’s proposal to acquire the outstanding shares in Universal Music Group: an announcement , a detailed presentation deck and a headline 78% premium comprising part cash and part scrip. Typical M&A theatre, at least on the surface. Yet when the smoke clears, what remains looks far less like a genuine bid than a self-help exercise.

Citigroup chief executive Jane Fraser manages a team of rivals who might aspire to her job. Competition is healthy but appointing a new president as a deputy could help Fraser deliver the next phase of her growth plan.

It is unusual for a listed company to buy income-bearing securities of a peer as a treasury decision. In orthodox corporate finance, surplus capital is meant to do one of three things: fund projects that clear the hurdle rate, preserve liquidity, or be returned to shareholders. It is not normally redeployed into another company exposed to much the same trade, especially at a lower yield than the investing company pays on its own stock.

Private credit mishaps are coming at us with such speed and intensity that many of the stories are blurring into one. But rather than the private credit crisis dragging banks down, it might give them an opportunity to play offensively in this space.