Goldman Sachs Says EU Bank M&A Rationale Is Rising With ProfitsThe rationale for mergers and acquisitions among European banks is rising even in the face of hurdles to cross-border tie ups, according to one of the region’s top financials deal-makers.
CoreWeave Plans European Investor Calls For Potential Debt SaleCoreWeave Inc. is to hold calls with European high-yield investors on Tuesday as the AI infrastructure provider considers financing transactions that may include dollar and euro bonds.
Bond Backed by French SME Loans Looks to Open a New MarketFrench state-backed lender Bpifrance SACA sold a new type of bond backed by small company loans as it pushed to end a more than decade-long regulatory impasse over European Secured Notes.
Basque Region Sells €500 Million Bond for Industrial PolicyThe Basque government raised €500 million ($577 million) in a sale of bonds to support the Spanish region’s industrial investment strategy.
Treasury Market Is Telling Kevin Warsh Rates Need to Be HigherThe $31 trillion Treasury market has an unequivocal message for Kevin Warsh’s Federal Reserve: Interest rates aren’t high enough.
Banks Sell Out After Broadband Firms’ Land Grab BackfiresBanks with exposure to heavily-indebted broadband providers are selling their loans to distressed debt funds at a discount, a sign of their increasing weariness with the cash-strapped sector.
Vedanta Readies $5.2 Billion Refinancing After Rating UpgradesBillionaire Anil Agarwal’s Vedanta Resources Ltd. is set to refinance $5.2 billion of US dollar bonds and loans, according to people familiar with the matter, as it seeks to lower borrowing costs by replacing expensive debt after securing credit-rating upgrades.
Taiwan Five-Year Yields at Highest Since 2008 on Cash, Rate ViewYields on Taiwan’s five-year government bonds jumped to their highest level since 2008 as tighter banking-system liquidity and growing expectations of higher interest rates weighed on demand for local debt.
Tencent Raises $4.7 Billion in Global Rush of AI FundingTencent Holdings Ltd. raised nearly $4.7 billion from the sale of long-dated dollar and yuan bonds, marking the Chinese technology and gaming giant’s largest debt offering since 2020 as companies worldwide tap capital markets to fund artificial-intelligence investments.
Indonesia’s Bond Selloff Extends After Off-Cycle Rate IncreaseIndonesia’s bond market selloff deepened after the central bank delivered an off-cycle interest-rate hike to protect the currency. The rupiah jumped the most in nine months.