
Jezz Farr
What to do if the president of the United States claims your product could trigger neurological behavioural differences in children, as he has suggested with Tylenol and autism? A PR challenge if ever there was one.
HSBC Holdings has proposed taking Hang Seng Bank private for HK$155 (US$19.92) a share in cash.
BondAuction and The Housing Finance Corporation have announced a partnership to use the tech startup's novel new issue process that aims to move beyond traditional syndication practices for non-government issuers by allowing investors to register their interest in deals directly on the platform with a precise bid.

Citigroup has hired Jerome Fileni from HSBC as co-head of chemicals investment banking for Europe, Middle East and Africa, as the US bank continues its hiring spree of senior bankers.
UK banks and other car finance providers are facing a bill of £11bn to compensate consumers for unfair loans sold between 2007 and 2024, including an estimated £2.8bn cost of administering the payouts.
Three real estate companies tapped the euro market on Wednesday with tightly priced deals, but there was a meaningful difference in book sizes, highlighting investors' preference for the higher-quality end of the sector.
German FIG issuers captivated investors' attention in both sterling and euro spaces on Wednesday by returning in rarely seen formats – Commerzbank in sterling senior non-preferred and DZ Bank in euro Tier 2.
Long-end buyers have welcomed the Flemish Community's new 25-year in a market low on public non-sovereign (or quasi-sovereign) duration deals.
Turkish banks continue to pound away in the primary markets, with no sense of investors getting weary of buying new issues.
BondAuction and The Housing Finance Corporation have announced a partnership to use the tech startup's novel new issue process that aims to move beyond traditional syndication practices for non-government issuers by allowing investors to register their interest in deals directly on the platform with a precise bid.

Cajun Global is cooking up a US$325m whole business securitization that will refinance an ABS offering that backed its purchase of the Church's Texas Chicken franchiser in 2021.

Uniti Group is preparing its second securitization as the US fiber services provider works to restructure its debt to cut interest costs and raises funds to upgrade its networks.

Ashland Place Finance on Tuesday issued its second aviation loan securitisation further taking this year's supply from the sector past the total for the whole of 2024.

The US Securities and Exchange Commission is seeking public comments on whether it is time to relax disclosure requirements to encourage more public-registered offerings of non-agency mortgage bonds.

The Asian Development Bank has brought the Canadian dollar green bond market for foreign supranational and agency borrowers back to life after a hiatus of nearly two years.
Long-end buyers have welcomed the Flemish Community's new 25-year in a market low on public non-sovereign (or quasi-sovereign) duration deals.

The Czech Republic has ended its long absence from ESG bond markets with a rare sovereign social bond issue.
The UN Environment Programme has launched a tool to help banks engage with clients on nature, underscoring the growing focus on nature-related disclosure in the financial services industry.

The International Finance Corp’s recent collateralised loan obligation is set to ramp up the fledgling multilateral development bank securitisation market, ushering in regular issuance, new names and even potential commingled deals with multiple loan originators.
Investors in Verisure’s €3.155bn Nasdaq Stockholm IPO secured a handsome return on debut on Wednesday, with shares in the home security business closing up 20.8%.
A banker on the oversubscribed €702.6m IPO of German prosthetics business Ottobock said the deal "couldn't have gone better so far" ahead of trading on Thursday.
Fintech platform Optasia has launched the year's first IPO on the Johannesburg exchange that is expected to value the company at around R63bn (US$3.67bn).
The books for LG Electronics India's Rs116bn (US$1.31bn) IPO were covered 1.04 times on the first day on Tuesday.

Solaris Energy Infrastructure powered into the market for an upsized US$650m raise from the sale of convertible bonds overnight Monday, helping to facilitate deal execution through a concurrent delta placement of new stock that was temporarily loaned to arbs participating in the deal.

JP Morgan is spearheading a US$20bn debt package to back the US$55bn buyout of video game maker Electronic Arts – the largest leveraged buyout in history and the biggest committed LBO financing on record.
Factoring and supply chain finance, once considered savvy tools for companies to manage cashflow, are once again under the microscope of leveraged loan investors after the spectacular blowup of US auto parts supplier First Brands.
Syndicated lending in EMEA totalled US$1.01trn in the first nine months of the year, a 16.9% increase on the previous year, according to LPC data, as the market proved resilient in the face of tariff volatility.

Global Infrastructure Partners has launched a US$530m loan to construct a data centre in Thailand, the first syndicated loan that will fund the kingdom’s emergence as South-East Asia’s second-largest market for the rapidly growing industry.

Read the latest stories from the magazine IFR 2603 - 4 Oct 2025 - 10 Oct 2025
4 Oct 2025 - 10 Oct 2025
Game on
The world’s biggest LBOs have – to put it mildly – something of a chequered history. Texas utility TXU Energy, the company involved in the 2007 deal that is currently the largest LBO in history, quite quickly went bankrupt in large part because of the US$45bn of debt the deal foisted on it. The £11.1bn 2007 take-private LBO of Alliance Boots is another symbol of pre-financial crisis excess, while the granddaddy of all jumbo LBOs – RJR Nabisco’s US$25bn buyout in 1989 – hardly fared much better.
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