Onslow Funding Latest RMBS Raises $517.7 Million
Onslow Bay Funding’s OBX RMBS transaction will raise $517.7 million, backed by 1,322 prime fixed‑rate mortgages that finance second homes and investment properties. The pool is 93.1% agency‑eligible, with 74.2% of loans tied to investment properties and a 5.00% coupon on several Class A and B notes. Closing is set for May 28, with BofA Securities and Piper Sandler as initial note purchasers, and Computershare Trust serving as master servicer. Ratings range from AAA on the senior tranches to B+ on the most subordinate notes.
STG to Exit Chapter 11 in Coming Weeks as Court Backs Plan
STG Logistics, an intermodal and drayage carrier based in Dublin, Ohio, is set to emerge from Chapter 11 bankruptcy within weeks after a court confirmed its reorganization plan. The restructuring slashed more than $1 billion of funded debt and will inject a...
Xanadu Establishes a Synthetic At-the-Market Equity Facility to Raise up to $300 Million
Xanadu Quantum Technologies announced a synthetic at‑the‑market (ATM) equity facility that permits the company to raise up to $300 million through private placements of Class B subordinate voting shares over the next three years. The program is administered with Yorkville Advisors, giving...
Emirates NBD to Launch Open Offer for 26% Stake in RBL Bank From June 1
Dubai‑based Emirates NBD will launch an open offer on June 1 to buy up to a 26% stake in India’s RBL Bank at ₹282.38 ($3.40) per share, a roughly 15% discount to the market price. The tender period runs until June 12,...
CFOs Face Tricky Tariff Refund Questions as Process Gains Steam
The U.S. Customs and Border Protection tariff‑refund portal, launched on April 20, has already processed $35.46 billion—including interest—and validated more than 15 million entries, far outpacing early expectations. Refunds are flowing to both large multinationals and smaller firms, prompting CFOs to grapple with...
Zacks Small-Cap Research Raises FatPipe (NASDAQ:FATN) Valuation From $6.00 to $6.40 per Share Following Preliminary Fiscal Fourth Quarter Business Update
FatPipe Inc. (NASDAQ:FATN) announced that Zacks Small‑Cap Research raised its target price from $6.00 to $6.40 per share. The adjustment follows FatPipe’s strong fiscal fourth‑quarter results, higher revenue and earnings estimates, and progress in closing larger customer deals. CEO Dr....
EDP Prices €750m European Green Bond Due 2033
Portuguese utility EDP has priced a €750 million ($870 million) senior European green bond that will mature in March 2033. The issuance was executed through its subsidiary EDP – Servicios Financieros España. Proceeds are earmarked for renewable energy and other sustainable projects across the group....
Post Oak Group Reports Middle Market Emerging as the Strong Segment of 2026 M&A
Post Oak Group, named Texas' top middle‑market investment bank, says the middle market has become the strongest segment of 2026 M&A activity. A narrowing bid‑ask spread, abundant private‑equity dry powder and aggressive family‑office participation are driving a surge in deals...
FASB and the SEC Want More Disclosures on These Topics
At the Baruch College Financial Reporting Conference, the FASB announced new disclosure requirements for cash equivalents, extending to digital assets such as Bitcoin and stablecoins. The board also highlighted the upcoming Disaggregation of Income Statement Expenses (DICE) standards, which will...
SteelAsia Secures P1.25 Billion Loan for Green Initiatives
SteelAsia Manufacturing Corp. secured a roughly $22.5 million green loan from Taiwan’s Cathay United Bank to fund its electric‑arc‑furnace (EAF) expansion and other low‑carbon initiatives. The loan, the first under SteelAsia’s Sustainable Finance Framework, supports working capital for green steel production...
Catastrophe Bond Issuance in H1 2026 Now Projected at $16.3bn, Could Rise Further
Catastrophe bond issuance in the first half of 2026 is projected to reach $16.3 bn, up from the $14.4 bn already settled. The market has seen 60 completed transactions and a pipeline of 12 more, with property cat bonds accounting for $13.72 bn...
EnWave Reports 2026 Second Quarter Consolidated Interim Financial Results
EnWave Corp reported a sharp drop in Q2 2026 revenue, down 69% year‑over‑year to CAD 1.16 million (≈US $860 k). While gross margin improved to 35% thanks to lower fabrication costs, the company posted an adjusted EBITDA loss of CAD 775 k (≈US $570 k), widening from a modest...
Info Edge Reports over Rs 8,000 Cr Q4 Valuation Hit on Eternal, PB Fintech Holdings
Info Edge reported massive valuation swings in its venture holdings during FY26, with an unrealized loss of about $708 million on Eternal (formerly Zomato) and $275 million on PB Fintech in Q4 alone, totaling over Rs 8,000 crore (~$960 million) of write‑downs. The year was...
BIG Fiber Raises $250M in Funding Led by Stonepeak
Metro dark‑fiber provider BIG Fiber closed a $250 million debt facility, led by Stonepeak Credit and La Caisse, with a $100 million accordion that lifts total borrowing capacity to $350 million. The capital will fund a multi‑market build‑out, dedicating up to 70 % of...
Ryan Cohen: The Rebel GameStop CEO with His Sights on eBay
Ryan Cohen, the activist‑turned‑CEO of GameStop, launched a $56 billion hostile bid for eBay, calling the online retailer "literally obese" and vowing not to accept a rejection. GameStop, valued at roughly $11 billion, faces a massive financing gap to fund the $47 billion‑valued...
Canadian and Foreign Investors Both Pull Back From Securities Markets in March
In March 2026 foreign investors poured only about $3.4 billion USD into Canadian securities, the lowest level since January, and the inflow was almost entirely debt‑focused. At the same time, Canadian investors sharply cut purchases of foreign assets to $2.9 billion USD,...
Lenders Line up to Finance Eni CCS Projects
Eni announced that 13 international banks have pledged roughly $640 million (£500 million) to finance its carbon capture and storage (CCS) venture. The funding backs projects such as the Liverpool Bay CCS plant in the UK and other European initiatives. Led by...
SFR Takeover Deal 'Uncertain' – Iliad CEO
Iliad CEO Xavier Reynaud said the proposed €20.35 billion ($22.2 billion) takeover of Altice’s SFR remains uncertain, with the exclusivity period now extended to 5 June 2026. The bid, backed by Orange, Bouygues Telecom and Iliad, follows a missed May deadline and reflects valuation...
Massachusetts MPIUA Returns for $150m Mayflower Re 2026 Catastrophe Bond
The Massachusetts Property Insurance Underwriting Association (MPIUA) is re‑entering the catastrophe‑bond market with a new Mayflower Re Ltd. Series 2026‑1 issuance targeting at least $150 million of multi‑peril aggregate reinsurance. The deal will consist of two $75 million tranches, Class A and Class B, backed...
Advent, FedEx, A&R & PPF Launch €7.8bn All-Cash Offer for InPost
Advent International, together with FedEx, A&R Capital and PPF Group, has launched an all‑cash bid of €7.8 billion (about $8.5 billion) to acquire InPost, the Polish‑based parcel‑locker and last‑mile delivery specialist. The offer values InPost at a premium to its current market...
‘It’s Crazy’: SpaceX Could Set Records as the Least Shareholder-Friendly Public Company of All Time
SpaceX filed an S‑1 for an $80 billion IPO that would value the company at roughly $1.5 trillion, setting a record for size. The prospectus reveals a dual‑class share structure that grants Elon Musk 79% of voting power while he holds only...
Volvo Group, Eicher Form India Financing Venture
Volvo Financial Services and Eicher Motors will create a 50:50 joint venture to offer financing, leasing and related services to commercial‑vehicle customers in India. VFS India will issue new shares to Eicher in exchange for up to INR 7.5 bn (≈US$75 m) equity....
MRE's Aircraft ABS Aims to Raise $612 Million
MRE’s aircraft asset‑backed securities (ABS) program is set to raise $612 million through two tranches—class A notes of $585 million and a smaller class B tranche—issued via the FTAI MRE 2026‑1 Cayman and US structures. The pool comprises 48 narrow‑body and freighter aircraft, 90.6% of value...
Private Markets Are Entering Their AI-Native Era, and FinBursa Is Here to Lead It
FinBursa, a UAE‑based fintech, is rolling out an AI‑native infrastructure for private‑market firms, combining its FinBursa Access deal‑sourcing app with the FinBursa 360 operating system. The two platforms integrate investor discovery, virtual data rooms, CRM, fundraising workflows and AI‑driven diligence...
Agency Partnerships Are a Potential Financial Lifeline for USPS, Watchdog Reports
The USPS inspector general warned the postal service could exhaust its cash reserves by fall 2026 and outlined a series of inter‑agency partnership opportunities to shore up finances. Non‑postal government services generated $387 million in FY 2025, but expanding offerings such as...
From Automation to Execution: How Agentic AI Is Redefining the Role of Finance Teams
Sage is advancing finance from simple automation to agentic AI that can execute tasks within workflows, shifting finance teams toward exception handling and strategic oversight. The company emphasizes built‑in governance—transparent reasoning, human approvals, and audit trails—to ensure CFOs can trust...
Walmart Ties Expected Tariff Refunds to Price Strategy Amid Cost Pressures
Walmart disclosed it could qualify for roughly $2.4 billion in tariff refunds, a sum equal to less than 0.5% of its U.S. sales. CFO John David Rainey said any refunds would be funneled into lower prices to offset pressure from high...
Munis See Lighter New-Issue Calendar, More Volatility Next Week
The municipal bond market entered the final week of May with a lighter new‑issue calendar, estimated at $6.16 bn, while yields jumped up to nine basis points amid Treasury volatility and heightened geopolitical risk, especially the Iran situation. Market participants expect...
New Harness CFO Targets ‘Effective Growth’
Harness, an AI software delivery platform, appointed Bill Koefoed as its new CFO to shape a financial profile geared toward a future public offering. Koefoed, a former finance chief at OneStream, Microsoft, and Puppet, is emphasizing “effective growth,” balancing aggressive AI...
UK Moves to Tackle Late B2B Payments
The UK government is drafting its toughest commercial‑payment reforms in 25 years, targeting chronic late B2B invoices that cripple small suppliers. The proposed bill would set strict payment timelines, require large firms to publish performance data, and give suppliers visibility...
Amer Sports CFO: No Visibility on Tariff Refunds
Amer Sports CFO Andrew Page said the company has received only a modest amount of tariff refunds and has no visibility on future refunds or timing. The firm posted a 32% revenue increase in Q1, reaching $1.9 billion, and projects 20‑22%...
SpaceX IPO Filing Shows Billions in AI Losses, a $2 Trillion Valuation Target, and Turbine Spending that Signals More Data...
SpaceX filed an S‑1 seeking up to $75 billion in proceeds and a $2 trillion market cap, the largest IPO ever contemplated. The filing shows a $4.28 billion Q1 2026 loss driven by a $6.36 billion AI‑division deficit, while Starlink contributed two‑thirds of revenue. Anthropic...
Fiserv Prunes Non-Core Assets
Payments processor Fiserv announced it is divesting two non‑core units, selling its Education Solutions student‑loan servicing business to Infinite Computer Solutions and preparing to spin off its ATM and cash services operation into a joint venture with Bridgeport Partners. CEO...
Big Countries Propose Centralising Powers in EU-Level Financial Regulator, Leak Shows
A coalition of the EU's six largest economies – Germany, France, Italy, Spain, the Netherlands and Poland – is drafting a plan to expand the European Securities and Markets Authority (ESMA) into a true EU‑wide supervisor. The proposal would shift...
Berger Paints Raises Dividend by 37.5% as Shareholders Applaud Profit Growth
Berger Paints Nigeria Plc approved a final dividend of N1.25 per share, taking the annual payout to N1.65 per share – a 37.5% increase over 2024. The company reported profit after tax of N1.57 billion (≈$2 million), up 157% year‑over‑year, while revenue...
Authentic Brands Group Confirms Lee Jeans Acquisition
Authentic Brands Group signed a definitive agreement to acquire denim icon Lee Jeans from Kontoor Brands for up to $1 billion, including a $750 million upfront payment and a $250 million earn‑out. The transaction, pending regulatory clearance, is slated to close in the...
Pacer Advisors Implements Bloomberg’s OEMS to Streamline and Automate Its Investment Workflow
Pacer Advisors has deployed Bloomberg’s order and execution management solutions (OEMS), integrating the Asset and Investment Manager (AIM) platform with the EMSX execution system. The rollout adds Bloomberg’s Rule Builder (RBLD) Optimizer, a multi‑asset automation tool that handles complex ETF...
LIC Announces 1:1 Bonus Issue, Sets May 29 as Record Date
The Life Insurance Corporation of India (LIC) announced a 1:1 bonus issue, with May 29 set as the record date for eligibility. The move coincides with Q4 results showing a 23% YoY rise in consolidated net profit to ₹23,467 crore (≈$2.8 bn). LIC...
Morningstar DBRS' Takeaways From Its Financing the Future Event: Rate Volatility and Valuation Practices Are Shaping RTL and DSCR Lending
Morningstar DBRS highlighted insights from its "Financing the Future" panel, focusing on residential transition loans (RTL) and debt‑service‑coverage‑ratio (DSCR) lending. The agency has rated 33 RTL transactions since 2024, updated its RTL methodology on May 1, and noted five RTL deals...
Birkenstock to Execute $250 Million Accelerated Share Repurchase
Birkenstock Holding plc has entered a $250 million accelerated share repurchase (ASR) agreement with Goldman Sachs International, paying the cash on May 21 and receiving an initial delivery of roughly 6 million ordinary shares at a $33.21 closing price. The transaction represents about...
Morningstar DBRS Assigns an Issuer Rating of BBB (Low) With a Stable Trend to Bird Construction Inc.
Morningstar DBRS assigned Bird Construction Inc. a BBB (low) issuer rating with a Stable trend. The rating reflects the company's dominant position in the Canadian construction market, diversified sector expertise, and a conservative debt‑to‑EBITDA ratio of about 1.5×. Bird’s order...
Fat Brands to Be Sold to Multiple Buyers for Nearly $1B
Fat Brands, the owner of restaurant chains such as Round Table Pizza and Twin Peaks, has received court approval for a series of asset sales that total nearly $1 billion. Hot Dog on a Stick and Elevation Burger were sold for...
August Robotics Raises $30M in Series B Funding for Autonomous Construction Robotics
August Robotics announced a $30 million Series B round led by Big Pi Ventures, with participation from Blackbird, Skip Capital, Tanarra, Future Family Office and GS Futures. The capital will accelerate AI development, new autonomous drilling robots, and scale production for construction...
Saudi Arabia's Alinma Bank Prices $500mn Sustainable AT1 Sukuk at 6.625%
Saudi Arabia’s Alinma Bank priced a $500 million sustainable AT1 sukuk at a 6.625% coupon, issuing 2,500 certificates with a $200,000 par value each. The perpetual capital instrument is callable after five and a half years, with settlement slated for June 3...
Acuity Analytics Launches Domain-Led Agentic AI Platform to Help Financial Institutions Move From Experimentation to Enterprise Value
Acuity Analytics unveiled Agent Fleet Pro, a domain‑led, agentic AI platform designed to shift financial institutions from isolated pilots to enterprise‑wide value. After a year of trials with 30 clients, the solution is now open to Acuity’s global base of...
Estée Lauder Companies Hungry for M&A as Turnaround Strategy Pays Off
Estée Lauder Companies says its "Beauty Reimagined" turnaround is delivering stability, enabling the firm to pursue M&A in 2026. The company completed a full acquisition of Indian brand Forest Essentials in March and is weighing a complete buyout of 111Skin,...
SpaceX Reveals Its Finances For the First Time
SpaceX disclosed its 2025 financials ahead of a potential IPO, reporting $18.7 billion in revenue—a 33% increase from the prior year. Despite the top‑line growth, the company posted a $4.9 billion loss in 2025, up from a $791 million profit in 2024. Capital...
Admiral Markets Announces Buyback Offer for up to 8,476 Tier 2 Bonds
Admiral Markets AS announced a buyback offer for up to 8,476 Tier 2 bonds issued in December 2017, covering a total nominal value of €847,600 (≈ $932,000). The repurchase price is €101.02 per bond (≈ $111), consisting of the €100 face value, a €1...
60% of Institutional Investors Intend to Increase ILS Allocations: Gallagher Securities Survey
A Gallagher Securities survey of more than 60 large institutional investors reveals that 60% plan to increase allocations to insurance‑linked securities (ILS) over the next two years. Catastrophe bonds dominate the interest, with 79% of respondents targeting them, while 53%...
M&A Wave Hits the Mid-Market
Shawbrook’s latest research shows a surge in mergers and acquisitions among mid‑market firms, with 56% either actively negotiating or having recently closed a deal. Growth acceleration, demand management, and market entry each motivate roughly 30% of firms pursuing transactions. However,...