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Month: January 2021

Land NRW shows 100 year bonds becoming ‘more of a mainstream product’

State of North Rhine-Westphalia’s third and biggest century bond built an impressive order book in terms of size and number of accounts from a diverse range of investors this week, proving this niche part of

Voltalia’s maiden green convertible attracts strong bid

Europe’s primary equity-linked market has reopened for 2021, with a debut €200m green convertible bond issued by Voltalia, the French renewable energy company.

Europe’s equity-linked market stays risk-on after strong 2020

Rising equity markets, new lockdowns and a pick-up in M&A are expected to lead to a busy first quarter for convertible bond issuance in Europe, according to bankers.

TP Icap sets terms on rights issue

TP Icap, the interdealer broker, has launched its £315m rights issue to partially fund the acquisition of Liquidnet.

Trainline places debut £150m convertible

London-listed transport booking app Trainline has tapped the equity-linked market for the first time by issuing a £150m ($204m) convertible bond.

Delivery Hero cap raise shows tech stocks still in vogue

A €1.2bn sale of new Delivery Hero shares showed that investors are ready and waiting to commit capital to new equity capital markets deals in 2021. The transaction showed that demand for high growth tech

Wall Street must speak earlier to defend democracy

Leading US financial institutions were quick to condemn the shocking attacks on the US Capitol on Wednesday — a sign that they are willing to take positions on important social issues, in line with the

Invesco exits IP Group after £62m block

Invesco has sold the last of its stake in IP Group, the investment company focused on the commercialisation of university-developed intellectual property, through an accelerated bookbuild on Wednesday night.

Blue wave euphoria washes out Capitol Hill riots

Amid riots on Capitol Hill, the blue wave finally arrived. Georgia’s two run-off elections gave the Democratic Party 50 seats in the US Senate, and the majority, as Kamala Harris will hold the deciding vote

HSBC's Asia ambitions remain after Enns leaves

HSBC’s aims to boost market share in investment banking and rebalance towards Asia remain intact despite the resignation of one of its most senior lieutenants. But 2021 must be about execution, writes David Rothnie.

Green bankers confident of Taxonomy U-turn

Sustainable finance specialists are optimistic that the European Commission will make a last minute concession on its proposed rules for green buildings when it publishes its final and binding Taxonomy of Sustainable Economic Activities, expected

JP Morgan’s Darrort off to Paris in post-Brexit relocation

Amélie Darrort, co-head of the euro medium term note desk and head of French public sector debt capital markets at JP Morgan, will be relocating from London to Paris in the summer as part of

Aon and eVestment create new reporting standard for operational due diligence findings

Opalesque Industry Update - Aon and eVestment today announced a strategic collaboration to provide operational due diligence (ODD) research through the eVestment platform, recognizing the need for more transparency and standardization of ODD information. The

PIMCO, Man Group, IHS Markit, State Street, Microsoft and McKinsey join forces on new asset management operating platform

Opalesque Industry Update - PIMCO, Man Group, IHS Markit, State Street, Microsoft and McKinsey Company today announced the intention to form a new technology-led company, HUB, to build a cloud-based operating platform aimed at transforming

MDBs’ extra cautious capital models attract scrutiny

The G20 has given hope to those wishing to see multilateral development banks increase their lending by stretching their capital further. If a breakthrough is made, ratings will be a crucial part of it.

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