Scotiabank - Global Banking and Markets’ Post

Vote now! GlobalCapital’s Covered Bond Awards 2024 ✏ ✅ We are very pleased to announce that UniCredit has been nominated and shortlisted in various categories of this year’s GlobalCapital Covered Bond Awards. Lead Manager Awards 🏆 • Best Syndicate Bank • Best Euro Lead Manager • Covered Bond House of the Year Deals (with UniCredit acting as JLM) 🏆 • Best ESG Deal: Bausparkasse Schwaebisch Hall EUR 500 m 2.875% January 2029 green debut • Best Pioneering Deal: Hamburg Commercial Bank EUR 500 m 3.625% January 2026 ship; Santander EUR 500 m 3.125% May 2029 export finance Cédulas • Best Debut or Returning Deal: Bausparkasse Schwaebisch Hall EUR 500 m 2.875% January 2029 green debut People 🏆 • Best Syndicate Banker: Alberto Villa 💪 These nominations are testimony of our valued partnerships combined with our expertise and our relentless commitment of supporting issuers and investors across the cycles and in all market scenarios, taking prominent roles in various Covered Bond milestone transactions. 🤝 We would appreciate your acknowledgement and support by receiving your vote in all relevant areas you believe UniCredit deserves to be highlighted as an exceptional partner. ⏩ Please vote here: https://lnkd.in/dCesyvkD 📌 #UniCredit #OurClients #coveredbonds #capitalmarkets #GlobalCapitalCoveredBondAwards

Vote now! GlobalCapital’s Covered Bond Awards 2024 ✏ ✅ We are very pleased to announce that UniCredit has been nominated and shortlisted in various categories of this year’s GlobalCapital Covered Bond Awards. Lead Manager Awards 🏆 • Best Syndicate Bank • Best Euro Lead Manager • Covered Bond House of the Year Deals (with UniCredit acting as JLM) 🏆 • Best ESG Deal: Bausparkasse Schwaebisch Hall EUR 500 m 2.875% January 2029 green debut • Best Pioneering Deal: Hamburg Commercial Bank EUR 500 m 3.625% January 2026 ship; Santander EUR 500 m 3.125% May 2029 export finance Cédulas • Best Debut or Returning Deal: Bausparkasse Schwaebisch Hall EUR 500 m 2.875% January 2029 green debut People 🏆 • Best Syndicate Banker: Alberto Villa 💪 These nominations are testimony of our valued partnerships combined with our expertise and our relentless commitment of supporting issuers and investors across the cycles and in all market scenarios, taking prominent roles in various Covered Bond milestone transactions. 🤝 We would appreciate your acknowledgement and support by receiving your vote in all relevant areas you believe UniCredit deserves to be highlighted as an exceptional partner. ⏩ Please vote here: https://lnkd.in/dCesyvkD 📌 #UniCredit #OurClients #coveredbonds #capitalmarkets #GlobalCapitalCoveredBondAwards

US sub-IG corporate issuers will likely continue to look to asset disposals and, to a lesser extent, equity injections to shore up their credit profiles and to meet maturities in the higher-for-longer interest-rate environment. Colleagues Alex Bumazhny, CFA and Tatiana Kordyukova took a look at 8 high profile cases over the past two years. For half of these issuers, the proceeds and subsequent debt repayment led to either stabilisation of ratings or positive rating actions. While four issuers were downgraded with no subsequent reversal in ratings despite their efforts, only one of these defaulted via a distressed debt exchange (DDE). And although the study covered equity and asset sale proceeds in 2023 and 2024, for all but one of the eight issuers, the bulk of the proceeds came through divestitures. Only AmeriGas had significant equity proceeds.   Full comment at https://lnkd.in/eMUUf5Zf #fitchoncredit #highyield #leveragedfinance #refinancing #equity #liquidity

We are thrilled to share that Santander Corporate & Investment Banking has successfully acted as #Sole #Arranger and #Lead #Manager for IDB Invest’s inaugural $1 billion #synthetic #securitization #transaction! This groundbreaking deal does not only mark the first #securitization focused on MDB assets in the Latin America and Caribbean region for #private #investors, but aligns with key #G20 recommendations, showcasing our commitment to #financial #innovation and #balance #sheet optimization. We are very proud to support IDB Invest in this important step and to continue to demonstrate our leading #structuring and #execution capabilities across global markets. Congratulations to IDB Invest and all those involved in this pioneering transaction! #SantanderCIB #IDBInvest #FinancialInnovation #Securitisation #LatinAmerica #Caribbean #MDB #CapitalMarkets  

EIB’s latest digital bond Issued via HSBC Orion, HSBC digital assets platform, this landmark transaction represents the first digital bond that the European Investment Bank (EIB) has issued as part of the Eurosystem exploratory work, marking a significant advance towards the digitalisation of capital markets. https://grp.hsbc/6042sTX0I #tokenization #digitalassets #blockchain #dlt #hyperledger

Safe reliable forms of digital money will help drive digital asset growth. So we are very glad to have issued a bond from the European Investment Bank on HSBC Orion in Luxembourg, and settled it last week using wholesale central bank digital currency on the Banque de France’s DL3S platform, demonstrating interoperability between HSBC Orion and DL3S.   How else can our industry drive liquidity in digital assets? All financial markets are networks, and connectivity and investor access are always vital. So we are also delighted that J.P. Morgan Securities Services has now connected to HSBC Orion, allowing an ever wider range of clients to access digital bond issuances. This is a great example of interconnectivity and cross industry collaboration to drive digital asset growth. #HSBCOrion #EIB #BdF #HSBC #JPMorgan Asif Sherani Prashant Malik Chris Jones Emanuele Vignoli Michael Lehotzki Ussrah Hussain, CA, CPA Rajeev Tummala Hashir R. Patrick George Ian Glasner Stuart Riley Surendra Rosha Kara Kennedy Scott Lucas Cyril Rousseau Emmanuelle Assouan Mark Barnfather

📢 Natixis CIB delivered strong results in the first quarter of 2024, reaching an NBI of €1.1bn for the first time. 📊 Our Global Markets activities showed their resilience against a high 1Q 23 baseline, while financing activities have benefitted from a more buoyant market amid stabilizing interest rates. 🔎 Our Investment Banking division posted its best quarter to date thanks to the robust commercial performance of its three businesses: Acquisition & Strategic Finance, Strategic & Equity Capital Markets and Debt Capital Markets. Groupe BPCE

#Deal 📈Apollo Global Management, Inc. has acquired the majority of Deutsche Bank significant risk transfer linked to a portfolio of leveraged finance debt with a value of approximately $3 billion, according to sources familiar with the matter. 💰 Bloomberg News reported earlier this month that Frankfurt-based Deutsche Bank increased the size of the transaction in response to strong investor demand. The SRT is a portfolio of credit facilities and loans, according to the individuals with knowledge of the matter. Global issuance of SRTs for the whole of 2024 is expected to reach $28 billion to $30 billion, based on a robust second-half pipeline, according to estimates released by Chorus Capital in July. This represents a significant increase on the approximately $24 billion recorded last year, which represents the highest annual volume on record.🚀 #Market #stock #Management #Capital #bourse

In the midst of an ongoing recovery in its investment banking division, Deutsche Bank on Thursday announced a 10% increase in first-quarter profit, exceeding forecasts. According to LSEG data, net profit attributable to shareholders was 1.275 billion euros ($1.365 billion) for the period, exceeding an aggregate expert projection of 1.23 billion euros. Follow for more such content. Stay informed on the latest business news by visiting our website - https://buff.ly/3w3pENB #globalbusinessandfinancemagazine #businessnews #news #internationalnews #business #globalbusiness #globenews #newsupdates #todaysupdates #latestnews #globalupdates

Jefferies & SMBC Group EMEA Set Sights on Canada: A Strategic Expansion Unveiled 🍁 In a landmark move, Jefferies Financial Group Inc. (NYSE:JEF) and SMBC Group have announced the expansion of their global strategic alliance into the Canadian market, promising to bring a new level of corporate and investment banking expertise to the region. With Jefferies establishing a robust investment banking presence in Canada and SMBC Group bringing its deep financial prowess to the table, this alliance is poised to redefine opportunities for clients across the nation. The financial landscape in Canada is about to get a major upgrade. #JefferiesSMBCAlliance #CanadaFinance #InvestmentBankingCanada #StrategicExpansion #FinancialInnovation #CorporateBankingCA #CrossBorderCollaboration #MarketGrowth #FinanceCanada #GlobalFinancePartners #CanadianEconomyBoost