How the African Development Bank used a new asset class
Sub-Saharan African issuers are entering the market once again
Ferrari, telecoms and fashion are some of the big deals on which UBS has advised
Houlihan Lokey’s M&A advisory team shares the secret of getting tech deals done.
The US investment bank has been working hard to expands its debt capital markets business.
As part of its European expansion plans, the US investment bank is building momentum in France, as the recent Verkor mandate demonstrates.
Taking a flexible approach to capital raising allowed the leveraged finance team to create asset-backed securities based on fibre-to-the-home infrastructure to support the big telecom providers.
Navigating complex multi-jurisdictional mergers and acquisitions, as well as debt restructuring, is where Investec’s investment banking arm excels.
In a year of bigger deals in European equities, the UK bank has beefed up its ECM team and worked on many “franchise-defining” transactions, going head-to-head with the big five institutions.
Direct lending, refinancing and quality placements are keeping busy the bank’s leveraged finance team, which recently took on six new underwrites.
Nomura’s share of the Italian M&A market has expanded on the back of two developments: increased activity from financial sponsors and increased spending on energy infrastructure.
After the inflation outlook softened late last year, the leveraged finance market began to bounce back at the start of 2023, giving the German bank’s DCM team the opportunity to apply its expertise.
The first quarter of the year saw a burst of enthusiasm for sovereign, supranational and agency bond issuance, with the bank’s team experiencing one of the busiest Januaries for some time.
The sustainability-linked bond provides a way for Uruguay to highlight its commitment to the Paris Agreement by introducing financial consequences for missing its sustainability targets.
The bank believes a perfect storm is building for convertible bond issuance in the year ahead.
A cross-bank effort demonstrated the clear potential for bond tokenisation to make a big impact in project finance and other types of bond issuance, including for smaller issuers who may struggle to access the markets.
The bank’s global head of DCM believes the markets are becoming more resilient but being able to act quickly on positive issuance windows remains paramount.
The team, which has performed well despite the backdrop, puts its success down to having difficult conversations with clients about the realities of the current markets. Edward Russell-Walling reports.
The bank continues its long heritage of delivering innovative equity derivative-related products and those for sustainable finance.
In contrast to the US and Europe, where IPO volumes have slumped, the Middle East is enjoying a bumper period, with HSBC playing a key role.