The DESK’s Risk & Return is the single channel for issuers and investors to access data, research, legal advice and credit rating information to support issuance and investment in debt via the primary market.
INSIGHTS & ANALYSIS
Insights and analysis: Goldman cuts US recession probability to 30%
In a research piece from 21 June, Goldman Sachs economist Jan Hatzius provides an improved outlook on US economic conditions as tariffs expectations stabilised. He highlights significant risks, particularly from geopolitical tensions and unsustainable...
ORIGINATION
SocGen’s Sogecap issues €800 mil in perpetual notes
Societe Generale’s life insurance company Sogecap has issued €800 million in restricted Tier 1 perpetual notes.
Perpetual notes have no maturity date, and are non-redeemable. For issuers, this vehicle allows for a lower upfront coupon...
INVESTOR DEMAND
Investor Demand: European corporate debt plays second fiddle to the US
Zachary Swabe, total return portfolio manager for European high yield and global credit at UBS Asset Management, spoke to The DESK about the current state of European corporate debt, the rise of private markets,...
RULES & RATINGS
Rules & Ratings: S&P Global brings standard identifiers to private credit
S&P Global has expanded its LoanX IDs (LXIDs) to provide private credit identifiers.
The LXIDs identify instruments across counterparties and datasets, enabling them to be tracked and managed throughout the private credit loan lifecycle.
Catherine Ross,...
THE BOOK
Türkiye issues its first digitally native note
Türkiye İş Bankası (İşbank) has issued Türkiye’s first digitally native note (DNN), facilitated by Euroclear.
The US$100 million DNN was issued on Euroclear’s Digital Financial Market Infrastructure (D-FMI), with the International Finance Corporation (IFC) as...
This page is dedicated to research articles on primary fixed income markets. For further information please contact Dan Barnes.
