GlobalCapital

[𝐍𝐎𝐖 𝐋𝐈𝐕𝐄] GlobalCapital is pleased to announce the launch of our 𝐏𝐫𝐢𝐦𝐚𝐫𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐌𝐨𝐧𝐢𝐭𝐨𝐫 — 𝐋𝐞𝐚𝐠𝐮𝐞 𝐓𝐚𝐛𝐥𝐞𝐬. League tables built to recognise the bookrunners and issuers behind the market’s most important deals. Request a demo to get access and find out more: https://lnkd.in/eQn-5UPd ► 𝐓𝐚𝐫𝐠𝐞𝐭𝐞𝐝 𝐃𝐚𝐭𝐚 Unlike other league tables platforms, Primary Market Monitor — League Tables cut out extraneous and smaller, loss-making deals that inflate league table standings. It focuses solely on benchmark bond issuances, providing a clearer, more accurate view of market leaders in meaningful transactions. ► 𝐈𝐧𝐬𝐭𝐚𝐧𝐭 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬 While other platforms require stripping down unnecessary data, our league tables provide immediate, intuitive, tailored insights that reflect the movers in the market without unnecessary clutter ► 𝐄𝐚𝐬𝐲 𝐭𝐨 𝐮𝐬𝐞 A carefully thought out and intuitive platform that lets you interrogate the data on each and every underlying transaction in seconds. ► 𝐓𝐡𝐞 𝐚𝐥𝐥-𝐢𝐧-𝐨𝐧𝐞 𝐬𝐮𝐛𝐬𝐜𝐫𝐢𝐩𝐭𝐢𝐨𝐧 𝐟𝐨𝐫 𝐲𝐨𝐮𝐫 𝐝𝐚𝐢𝐥𝐲 𝐰𝐨𝐫𝐤𝐟𝐥𝐨𝐰 Syndicated benchmark bond issuance data, new issue premiums data, league tables, editorial colour and the market’s sentiment all in one place. Find out more about Primary Market Monitor: https://lnkd.in/eAnB9U4y

This week's edition of the #SSA roundup: We investigated how the EU as an issuer fits into new landscape of the European bond market as conventional ideas of relative value shift. Meanwhile, the issuer has launched a repo facility as part of its mission to build a liquid, government bond-like market in for its paper: https://lnkd.in/eiqiTVUA   German agency KfW sold what could be its last euro benchmark in 2024, as it fast approaches its €80bn funding target. Petra Wehlert and Jörg Graupner shared the agency’s plans: https://lnkd.in/e5zCQEtV   The World Bank and sister institution International Development Association double dipped into the market this week, each taking size. Andrea Dore told us about the highlights of the World Bank’s return to five year dollar funding, tightening spreads versus US Treasuries, and IDA’s rare appearance in 10 year euros: https://lnkd.in/ePHK54fD   Laurent Probst and Thomas Stouf at French agency Ile-De-France Mobilités spoke about how the issuer managed to grow its ‘signature’ through regular bond issuance and has continued to onboard new investors – including a large European supra in its recent deal: https://lnkd.in/eKWUrWKi   We also reported on what a funding official at the Spanish Treasury thinks of Bonos’ relative value among European govvies, following our in-depth analysis from last week: https://lnkd.in/ezN26FST https://lnkd.in/eJTmRsvT

GlobalCapital gathered experts from three leading issuers, an investor and two #investment #banks for a roundtable in Frankfurt in September to discuss the challenges facing the sector. Read the special report to explore how regions and development banks are changing their bond programmes to meet their funding needs, the effects of the debt break and the market implications of recent elections in three eastern regions, and the debate on the value of funding with different environmental, social and governance labels. 𝗔 𝘀𝗽𝗲𝗰𝗶𝗮𝗹 𝘁𝗵𝗮𝗻𝗸 𝘆𝗼𝘂 𝘁𝗼 𝗼𝘂𝗿 𝗿𝗼𝘂𝗻𝗱𝘁𝗮𝗯𝗹𝗲 𝗽𝗮𝗿𝘁𝗶𝗰𝗶𝗽𝗮𝗻𝘁𝘀: Elke Badack-Hebig, head of treasury, Senate Department of Finance, State of Berlin Christopher Bergmann, head of liquidity portfolio, DZ BANK AG Dr. Alexander Labermeier, head of treasury, State of Hesse Johannes Lischke, head of money and capital markets, Investitionsbank Berlin Christian Mundt, SSA syndicate manager, DZ BANK AG Dr Norman Rudschuck, managing director, floor research — SSA/public issuers, NORD/LB Moderator: Ralph Sinclair, London bureau chief, GlobalCapital This Special Report is brought to you in partnership with DZ BANK AG NORD/LB #capitalmarkets #SSA

GlobalCapital is delighted to announce that we will be opening the voting poll in the 22nd annual Syndicated Loan, Leveraged Finance & Private Debt Awards on October 16.    Save the dates and participate in the only awards for EMEA loans, leveraged finance and private debt decided by the market, for the market: https://lnkd.in/eHpdmjmY   For over two decades, the GlobalCapital Syndicated Loan Awards have been celebrating the industry's leading deals and institutions.     Winners will be decided based on a poll of market participants, canvassing their opinions on who has really stood out and made an impact over the review period. This means that the awards reflect those considered by their clients, peers and counterparts to stand apart from the rest.    #GlobalCapitalAwards #SyndicatedLoans  

This week on Another Fine Mezz, host Tom Lemmon sat down with KBRA's head of European research, Gordon Kerr for a sponsored episode looking ahead to KBRA's structured finance symposium. Kerr shared reflections on his career journey and spoke about the brilliant record-breaking year for the European #securitization market, and what’s next for the industry. Listen now: https://lnkd.in/eYCgg_N9 Sponsored by KBRA #capitalmarkets #podcast

We’re excited to announce the dates for the 2025 European Securitization Awards, the only awards for European structured finance decided by the market, for the market. Save the dates and find out more: https://lnkd.in/eF-yE8Xm The GlobalCapital European Securitization Awards recognise the market's leading deals and institutions. The awards are unique, in that the winners are decided through an industry vote. This means that the GlobalCapital awards reflect those who are considered to be the very best by their peers, clients and counterparts. The first stage of the process is the call for nominations, launching on October 15, 2024. Using these nominations, the GlobalCapital editorial team will compile a shortlist in each category. This will be published on December 4 and opened to voting by the market to choose the winners. A record number of people participated in the 2024 awards, with over 45000 individual votes cast by 2700 voters from all corners of Europe’s securitization market - recognising the leading issuers, banks, institutions and deals. #GlobalCapitalAwards #EuropeanSecuritization #securitization 

Last month, the market recognised Crédit Agricole CIB in no fewer than three categories at the 2024 GlobalCapital Covered Bond Awards. In addition to taking home awards for Best Covered Bond Research and Best Bank for ESG Issuers, the firm’s guidance helped the standout deal, Novo Banco €500m 3.25% March 2027, secure Best Pioneering Deal. "The issuer’s debut covered bond deal had all the necessary ingredients for an irresistible, compelling investment opportunity,” says Avelino ABELLAS, Head of Financial Institutions DCM for Portugal & Spain at Crédit Agricole CIB. The market also singled out Crédit Agricole CIB for its unrivalled work with issuers on #ESG. “Crédit Agricole CIB advises on regulatory issues, how to communicate strategy, investors’ expectations and ESG ratings. I think the award is recognition of the holistic advice we provide to clients globally,” says Laurent Adoult, Head of Sustainable Banking for FI and SSA in Europe. Breadth and depth contribute to the third of Crédit Agricole CIB’s covered bond award wins — the Best Covered Bond Research. Florian Eichert, Head of Covered Bond and SSA Research for the firm has more than two decades of experience unravelling the intricacies of the market. “I’ve seen many different markets emerge and new issuers enter the segment,” he says. “That experience allows us to put things into perspective for clients by pointing to previous episodes.” Read the full interview with Avelino ABELLAS, Laurent Adoult, and Florian Eichert: https://lnkd.in/ewkvtE4u Sponsored by Crédit Agricole CIB #GlobalCapitalAwards #coveredbonds #investmentbank

This week's edition of the #SSA roundup: New dynamics are at play in the European government bond market with relatively value shifting in a way it hasn't for many years. Rui Amaral of Portugal, Markus Stix from Austria and Greece’s Dimitrios Tsakonas shared their thoughts on these recent trends. Mauro Valle, CFA from Generali Asset Management and Max Kitson at Barclays Investment Bank also told us what they think of where govvies trade and the impact on the traditional core/periphery sovereign classification: https://lnkd.in/eJTmRsvT   Kuntarahoitus – MuniFin sold a record dollar deal this week, one that grabbed the issuer an order book of oover $5bn order book for the first time. Antti Kontio, CFA spoke to us about the many levers that the issuer was able to pull for the green trade: https://lnkd.in/efepu_fD   CPP Investments | Investissements RPC also made a popular showing this week, bagging its largest ever dollar book. Jennifer Morrison talked us through the transaction highlights: https://lnkd.in/e5N2xHnA   We also talked to FMO - Dutch entrepreneurial development bank’s Arthur Leijgraaff about the Dutch agency’s dollar appearance. Check back at our SSA homepage to read what the issuer had to highlight: https://lnkd.in/e9jXzzFx   In euros, Investitionsbank Berlin somehow managed to skip over the woes in the euro market with a three times covered social deal. Johannes Lischke told us about the issuer’s curve building strategy and various steps taken to respond to investor feedback, including the plan to issue its first-ever $1bn deal in 2025: https://lnkd.in/e7RFmfpw

We are pleased to congratulate Mayer Brown on being named European Law Firm of the Year at the GlobalCapital Global Derivatives Awards 2024. The firm’s commitment to being at the cutting edge of hot market topics, including SRT, crypto and sustainability-linked derivatives helped to set it apart. View the full list of winners here: https://lnkd.in/eA-36sZb Sponsored by Mayer Brown #GlobalCapitalAwards #derivatives