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 & Analysis: Investors’ Gilt-y pleasure
Markets have turned positive on UK government bonds, which rallied across the curve following the release of unemployment data indicating a higher rate and softer earnings, all of which soft, signalling all of which...
ORIGINATION
Origination: Issuer profile – EchoStar Corp
EchoStar Corp saw the largest proportional increase in notional debt outstanding in the technology sector in 2024, with a 509% increase, taking it to US$7.64 billion of debt year-on-year (YoY), up from US$1.5 billion...
INVESTOR DEMAND
Private credit set for another bumper year – but risks rumble
Global private credit markets will grow in 2025, Moody’s Ratings has predicted.
A number of factors are behind this growth, the firm’s report said, including lower interest rates, reduced default risk and economic strength in...
RULES & RATINGS
Rules & Ratings: SAZ Re gets stable ‘excellent’ ratings from AM Best
AM Best has assigned African reinsurance firm SanlamAllianz Re (SAZ) a financial strength rating of A- (excellent) and a long-term issuer credit rating of a- (excellent), both with a stable outlook.
SAZ Re manages catastrophe...
THE BOOK
The Book: CIF issues six-times oversubscribed Capital Markets Mechanism bond
The Capital Markets Mechanism (CCMM) of the Climate Investment Funds (CIF) has issued its inaugural bond, raising US$500 million from a US$3 billion orderbook.
Tariye Gbadegesin, CIF CEO, commented: “The inaugural CCMM bond issue has...
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