Debt Explorer | Weaker deal flow and tighter profit margins are driving a wave of consolidation in the European non-performing loan servicer market

HM Treasury has published a consultation paper outlining the proposed regulatory framework for the private intermittent securities and capital exchange system (PISCES)

Debt Explorer | High interest rates weighed down on deals, precipitating a drop in leveraged loan issuance in 2023. However, there are reasons to be optimistic that deal activity will pick up in 2024

Debt Explorer | High yield bond issuance made gains in some key jurisdictions in 2023 but challenges remain

European leveraged finance in 2023 was saddled with the negative effects of elevated interest rates. But as the market adjusts to the "new normal", rate and price stability offer hope for a brighter 2024.

An overlooked provision of the regulation may offer the clearest path yet to net-zero 

Debt Explorer | Whole-business securitization financing has been traditionally used to lower general corporate debt costs and sometimes used to recapitalize companies. Now, dealmakers are exploring whether the structure can also be applied in M&A transactions

Debt Explorer | Vietnam’s capital markets are evolving rapidly, with strong economic growth driving the development of increasingly sophisticated financing options for a widening pool of borrowers

India stands out globally as a market with strong growth in IPO volume, thanks to its dynamic regulatory framework, robust domestic capital market and a large retail investor base.

Sustainability disclosures among Latin American issuers vary widely in terms of completeness, granularity and format, impacting their business, financial performance and attractiveness to investors.

The ongoing decline in NPL volumes in 2022 and pivot towards smaller disposals leave European lenders well positioned to withstand adverse economic conditions.

Declining NPL ratios have put banks in a somewhat more comfortable position than they were this time last year, but the threat of macroeconomic hardship looms over borrowers.

Total NPL volumes across Europe are down and ratios remain stable, with countries such as Italy and Greece having worked especially hard to deal with toxic assets. Even with economic growth set to slow, banks have reason to be broadly optimistic about their NPL levels.