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

GlobalCapital is delighted to announce another one of our partners for the upcoming UK Bank Capital GC Live briefing for bank issuers and investors — Jefferies.    Don’t miss out on the chance to be at the forefront of discussions on UK bank capital strategy.    Briefing: UK Bank Capital  Date and time: December 11, 8:00am -11:30am  Location: In-person, London  How to apply for a place: https://lnkd.in/ebn_bB9M    Join us on December 11 in London for GlobalCapital's exclusive breakfast briefing, where top treasury officials and FIG investors will unpack the latest trends, from Basel 3.1's impact on capital requirements to the booming market for AT1 and tier two issuance.    Limited seats available. Apply for your place now: https://lnkd.in/ebn_bB9M #GlobalCapital #GCLive #CapitalMarkets #FIG #financialinstitutions #bankcapital #ukbanking 

Mark your calendar for December 3, and join us for the 𝗚𝗹𝗼𝗯𝗮𝗹 𝗦𝗲𝗰𝘂𝗿𝗶𝘁𝗶𝘇𝗮𝘁𝗶𝗼𝗻 𝟮𝟬𝟮𝟱 𝗢𝘂𝘁𝗹𝗼𝗼𝗸 𝗿𝗼𝘂𝗻𝗱𝘁𝗮𝗯𝗹𝗲 to explore key insights shaping the securitization market across the US and Europe. 🗓 Save the date: December 3, 2024 [3pm GMT / 10 am EST]. 𝗪𝗵𝗲𝗿𝗲: Live on BrightTALK – 𝗥𝗲𝗴𝗶𝘀𝘁𝗲𝗿 𝗵𝗲𝗿𝗲: https://lnkd.in/eHJHrGSp 𝗪𝗵𝗼 𝘀𝗵𝗼𝘂𝗹𝗱 𝗮𝘁𝘁𝗲𝗻𝗱: Securitization professionals operating both in the US and European market. 𝗦𝗽𝗲𝗮𝗸𝗲𝗿𝘀: Brian Ford, CFA, Managing Director, Structured Finance Research, KBRA Clayton Triick, CFA, Head of Portfolio Management, Public Strategies, Angel Oak Capital Advisors, LLC Eric Thompson, Senior Managing Director, Global Head of Structured Finance Ratings, KBRA Kyra Fecteau, CFA, Managing Director and Fixed Income Portfolio Manager, Wellington Management Michael Nowakowski, Managing Director and Head of Structured Products, Conning Moderator: Toby Fildes, managing director, GlobalCapital Brought to you in partnership with KBRA #capitalmarkets #US #Europe #bonds #finance #securitization

Nominations close tomorrow for the GlobalCapital European Securitization Awards 2025.  This is the last chance for market participants to put themselves, their colleagues, clients and peers forward to be shortlisted.    Nominate: https://lnkd.in/e5DkQQqA We encourage you to nominate widely outside of your own organisations, but you are also free to nominate you own deals and teams.    When making your nominations, you should consider the organisations which have been involved in the most innovative or challenging transactions, the quality of execution and structuring; investment, growth, and progression in the business, or those who have stood out for the breadth and depth of their securitization franchises.    For more information, visit: https://lnkd.in/eHgSACXe   Image highlights – GlobalCapital European Securitization Awards 2024:    Most Innovative Deal of the Year (brought the market forward the most) – Silverstone 2023-1 - 'Stock & Drop' ( Nationwide Building Society, Lloyds Banking Group) SRT Deal of the Year – Scotiabank Granville Inaugural Corporate SRT (BNP Paribas CIB) CLO Senior Investor of the Year –  AXA Investment Managers #GlobalCapitalAwards #EuropeanSecuritization #securitization 

This week's edition of the hashtag #SSA roundup: This week we looked at the challenging negotiations at #COP29 in Baku, where there has been little sign that deep divisions can be bridged to achieve desperately needed progress on climate change. Negotiators however still hope to strike some deals that will keep hope alive of avoiding the most catastrophic levels of global warming https://lnkd.in/g678hXGk In #euros, we examined what stabilising swap spreads mean for issuers when they kick start funding for 2025 in January, and the hurdles they must cross to find a clearing level https://lnkd.in/gAVu9AV4 The week’s biggest trade – away from the European Union’s – came from the International Development Association, and we spoke to Andrea Dore about the $3.5bn deal that restarted the #dollar SSA market since the November 5 US election https://lnkd.in/guvHhm5Q Meanwhile, we’ve been busy getting the GlobalCapital Review 2024 | Outlook 2025 special report ready for the printers. The report contains the SSA market outlook for 2025, based on the results of our recent survey, our selection of the best SSA deals this year and much, much more. It will be available to read on globalcapital.com around December 11.For a flavour of what to expect, check out our Review 2023 | Outlook 2024 https://lnkd.in/giP3nXes #capitalmarkets

“In the UK, the credit enhancement levels are actually higher in the covered market than for RMBS — usually it’s the other way around.” — ELENA BORTOLOTTI, managing director, global head of covered bonds and head of structured solutions EME, Barclays Investment Bank A year filled with elections encouraged UK banks to do their covered bond funding early. The election in their own country passed without incident in July but there was still much for them to consider for the rest of the year and beyond — from fresh government policy, to rising demand for mortgages, and sources of liquidity. In September 2024, GlobalCapital gathered senior funding officials from major UK lenders to discuss all of this and more. Read for free: https://lnkd.in/em79MbtZ A special thank you to our roundtable participants: -ELENA BORTOLOTTI, managing director, global head of covered bonds and head of structured solutions EME, Barclays Investment Bank - Tom Burgess, managing director, head of UK FIG DCM, Barclays Investment Bank - Fiona Chan, head of principal funding and securitization, Barclays Investment Bank - Richard Merrett CA, head of secured funding, Nationwide Building Society - Ian Perrins, CFA, treasury debt capital markets manager, NatWest Group - Kate Sinclair, head of wholesale funding, TSB Bank Moderator: Toby Fildes, managing director, GlobalCapital This Special Report is brought to you in partnership with Barclays Investment Bank #capitalmarkets #coveredbonds #sterling #UKbanks #issuers

Nominations for the GlobalCapital European Securitization Awards 2025 close next week.     Nominate here: https://lnkd.in/ePg2_HZY     This is the last chance for market participants to put themselves, their colleagues, clients and peers forward to be shortlisted.     This shortlist will be opened to a market vote to choose the winners in December.    We encourage you to nominate widely outside of your own organisations, but you are also free to nominate you own deals and teams.    When making your nominations, you should consider the organisations which have been involved in the most innovative or challenging transactions, the quality of execution and structuring; investment, growth, and progression in the business, or those who have stood out for the breadth and depth of their securitization franchises.    For more information, visit: https://lnkd.in/eKArZXKd      Image highlights – GlobalCapital European Securitization Awards 2024:    SRT Investor of the Year – Chorus Capital   CLO Deal of the Year –  Aurium CLO XI (Spire Capital Partners, BNP Paribas CIB)    Editor's Choice – Sun King Financing (Sun King, Citi, A&O Shearman, Clifford Chance) #GlobalCapitalAwards #EuropeanSecuritization #securitization 

In this week's edition of the Corporate Bond Wrap: Europe’s high grade corporate bond market was booming this week, with bulging books and spreads hurtling tighter during bookbuilding. Volkswagen was the standout deal, drumming up more than €11bn of orders.                                                                                                                                        “Volkswagen’s demand was an absolute joke,” said a DCM banker off the deal. “Just off the charts.” The combination of investors sitting on a lot of cash and the rapidly approaching end of year has made the primary highly accommodative for borrowers. Now, some corners of the market think that the party might run longer than it usually does, with trades possible right up to the Christmas break. December deals on the cards as IG corporate borrowers meet roaring demand: https://lnkd.in/eaEzuzRB In #dollars, the Trump trade lives on with spreads tightening across the board and issuers taking advantage. Mercedes-Benz continued the run of auto companies raising debt to print a $2.45bn four part trade. Corporates swamp bond market with Trump trades: https://lnkd.in/e5qeS_-z #corporatebonds

This week's edition of the #SSA roundup: Are you ready for digital Gilts? As UK chancellor Rt Hon Rachel Reeves revealed a the plan to develop the distributed ledger technology (DLT) #bondmarket in the UK, we spoke to Matteo Sbraga and Paul Landless at Clifford Chance, Bryony Widdup from Hogan Lovells, Richard Fenner of Euroclear and others about how digital #Gilts could learn from ECB Trials and help London grow as a DLT bond centre https://lnkd.in/etRz_BzK We also looked into the encouraging signs in the #euro SSA market after a turbulent few weeks for spreads, and what to expect next week – with the final large euro benchmark set to be priced then — and in the weeks heading into January. DCM and syndicate bankers, and Florian Eichert from Crédit Agricole CIB, offered their thoughts https://lnkd.in/eB8x9zTR Aurelia Gerber MBA, CFA from EUROFIMA shared the highlights from the issuer’s market reopening €500m green trade this week, and how the issuer braved a volatile backdrop while managing to compress its spread versus its peers https://lnkd.in/enn_UHPx KommuneKredit’s Daniel Mertz Aagaard talked us through how the issuer managed to capitalise on opportunities in the sterling market with its second largest print in the currency https://lnkd.in/emC2EGdG  

Voting closes today in the Syndicated Loan, Leveraged Finance, and Private Debt Awards 2024.    Last chance to submit your vote: https://lnkd.in/emMZQMEd    #Banks, borrowers, investors, lawyers, #privateequity houses and service providers are invited to vote for the deals and market participants that made the most impact over 2024.    In mid-December, GlobalCapital will publish a shortlist of nominees for each award, based on the institutions and deals that get the most votes. Winners will be announced at a gala dinner in March 2025.     For more information visit: https://lnkd.in/ezA38Bi7      Image highlights from the GlobalCapital Syndicated Loan Awards 2023:    Best Private Debt Investor for Western Europe, Best Subordinated Debt Investor — MV Credit    Best Arranger of UK and Irish Loans —  Barclays   Best Arranger of Green and ESG-linked Loans in Western Europe — ING  #GlobalCapitalAwards #SyndicatedLoans #LeveragedFinance #PrivateDebt