When London’s Alternative Investment Market celebrated its 30th anniversary on Thursday with an opening ceremony attended by representatives of some of the more than 4,000 firms that have raised capital on the market, the party atmosphere was dampened by questions about what the future holds for Europe’s pre-eminent market for growth companies.

Uncertainty still surrounds what strategic direction UBS will take after the Swiss authorities published proposals this month requiring the group to hold more capital for its foreign subsidiaries, but it seems certain that the lender will double down on its plan to become the biggest wealth manager globally.

Clean energy developers will be able to continue to transfer and sell tax credits under the latest US Senate proposal for the budget reconciliation bill, preserving a key financing mechanism for companies to build some green projects.

US special purpose acquisition company IPOs are making a comeback after a change in leadership at the Securities and Exchange Commission, with volumes up more than threefold compared with last year. 

Several smaller, less high-profile high-yield issuers hit the market last week and, despite competing with jumbo offerings, came away with successful trades in a buoyant market supported by ample liquidity. 

A remarkable turnaround in sentiment towards European satellite companies was on full display on Tuesday when Luxembourg-based SES tapped the euro bond market to refinance debt for its recently approved acquisition of Intelsat.

Bondholders in Swedish company Essity have succeeded in persuading the English courts to hear their action against the healthcare products maker, first launched in December after Essity spun off its Asian arm Vinda for SKr19bn (US$1.9bn). 

Malaysian pawnbroker Ta Yoong is readying Asia's, and likely the world’s, first securitisation using gold-backed pawn loans as collateral.

The Australian structured finance market reopened on June 17 with a couple of atypical deals that drew strong demand from investors seeking alternatives to non-conforming RMBS that have dominated supply. 

DailyPay on Tuesday issued a US$200m two-year securitisation of short-term salary advances, marking the first time this consumer asset has appeared in the asset-backed market.

Laura Coady has left her position as global head of CLOs at Jefferies for a major role at Blackstone Credit and Insurance.

Security is at the top of the global agenda in a period of heightened geopolitical instability and conflict and could change the path of sustainable finance – if investors warm to the idea.

Clean energy developers will be able to continue to transfer and sell tax credits under the latest US Senate proposal for the budget reconciliation bill, preserving a key financing mechanism for companies to build some green projects.

France's EDHEC business school has launched a scientific rating agency that can put a precise dollar value on the impact of climate risk for infrastructure projects and some companies. 

Sovereign-backed Private Infrastructure Development Group is on course to mobilise as much as US$25bn into sustainable infrastructure in emerging markets by 2030.

US special purpose acquisition company IPOs are making a comeback after a change in leadership at the Securities and Exchange Commission, with volumes up more than threefold compared with last year. 

Nasdaq-listed Indian online travel company MakeMyTrip has raised US$2.69bn through convertible bonds and shares to buy back a portion of super-voting shares from China’s Trip.com.

Blackstone-owned Cirsa Gaming kicked off pre-marketing on Wednesday with indications of interest covering its IPO targeting €400m for growth and debt reduction alongside a €60m secondary offering to cover taxes and expenses.

The Irish government has made its last sale in AIB Group, selling its remaining shares on Monday through a €305m accelerated bookbuild.

Skechers is planting both feet in the leveraged finance market with a huge slab of debt that will help finance the footwear industry’s biggest buyout, with US$6.4bn-equivalent on offer to fund 3G Capital’s acquisition of the company.

Direct lenders are competing aggressively against banks to snap up the meagre supply of leveraged buyout loans in Europe, tenaciously sticking to historically tight price levels even after tariffs rocked the liquid market. 

Coal miner Coronado Global Resources has signed a new US$150m three-year senior secured asset-based lending facility with an affiliate of Oaktree Capital Management to amend and restate an existing borrowing from 2023.

Lenders to Casino’s €1.41bn term loan B due 2027 are concerned they will face a haircut on the loan, having already experienced significant losses as a result of the company’s 2024 debt restructuring.