UI Boustead Reit: A New Entrant in Singapore’s Industrial Reit Space
UI Boustead Reit will debut on the SGX mainboard on March 12, offering a S$1.9 billion portfolio of 23 logistics and industrial assets across Singapore and Japan. The portfolio, valued at a 1.0 times price‑to‑net‑asset‑value, delivers an 89.4% occupancy rate and a forecast distribution yield of 7.4% for 2026, rising to 7.8% in 2027. Cornerstone investors have committed to 31.4% of the issue, and the REIT will serve as the sole capital‑recycling vehicle for its sponsor’s pan‑Asian stabilised assets. Its listing will increase Singapore’s industrial S‑REIT count to eight, cementing the sector as the second‑largest REIT sub‑segment by number.
PhonePe’s Merchant Network Cross 47 Million Businesses Ahead of IPO
PhonePe’s updated Draft Red Herring Prospectus reveals its merchant ecosystem now spans 47.19 million businesses, covering 98.6% of Indian pin codes and representing roughly 78% of the nation’s trade and services merchants. The platform supports 9.19 million physical payment devices and a...
Jackson Hospital Bondholders Offered Less than 19% Recovery
Jackson Hospital & Clinic in Alabama has filed Chapter 11, offering bondholders an estimated 18.7% recovery on par, or 22.9% for the broader secured class. The $87.5 million secured claim pool will be paid via a $2.5 million cash injection, $7.5 million senior unsecured...
IDB Invest and Banco Bolivariano Launch Ecuador’s First Biodiversity Bond
IDB Invest has committed $50 million to Ecuador’s inaugural biodiversity bond, part of a $120 million issuance also backed by the International Finance Corporation and Dutch development bank FMO. The bond, issued through Banco Bolivariano, will fund projects under its Biodiversity Financing Framework,...
Galapagos Creates New Subscription Right Plan
Galapagos NV announced the creation of 1,750,000 subscription rights under its new Subscription Right Plan 2026, aimed at current and future employees. Each right entitles the holder to subscribe for one new share, expanding the pool of employee equity incentives....
Aqua Finance Prepares to Sell $381.3 Million in ABS
Aqua Finance is re‑entering the securitization market with a $381.3 million asset‑backed security backed by loans for water‑treatment equipment, home‑improvement projects, marine craft and recreational vehicles. Originations through Q4 2025 jumped 30.6% year‑over‑year, fueled by new partnerships that lifted borrower quality to...
Priority 1 Issuer Logistics DAC – Q4 FY25 Investor Update and Management Accounts
Priority 1 Issuer Logistics DAC has published its consolidated management accounts and interim management report for the three‑month period ended 31 December 2025. The Q4 FY25 investor update is now accessible via the company’s investor portal and Oslo Børs NewsWeb. The filing...
Notification Under Chapter 9, Section 10 of the Finnish Securities Market Act: Voting Rights of FMR LLC in Nokia Corporation...
Fidelity Management & Research’s subsidiary FMR LLC filed a notification under the Finnish Securities Market Act after its indirect voting rights in Nokia Corporation rose above the 5% trigger. As of 5 March 2026, FMR held 5.26% of Nokia’s shares, translating to...
Sonaecom SGPS, SA Informs on 4Q25 Consolidated Results
Sonaecom SGPS, SA released its consolidated results for the fourth quarter of 2025, showing modest revenue growth and an improved EBITDA margin. Net profit rose to €45 million, driven by higher wholesale broadband sales and cost‑efficiency measures. The company also announced...
AWILCO LNG ASA – PRIVATE PLACEMENT SECURING NEW EQUITY, NEW STRATEGIC INITIATIVE AND ENHANCED DEBT TERMS
Awilco LNG ASA announced a conditional private placement of 77.3 million new shares, raising roughly NOK 251.3 million (US$26 million). The proceeds will finance the launch of its ALNG Trading subsidiary, cover pre‑payments under its sale‑leaseback facilities with China Development Bank, and extend...
Greater Good Health Scores $20.5 Million Series B
Greater Good Health, a cost‑of‑care management platform for high‑risk organizations, secured $20.5 million in Series B financing. The round was led by Allumia Ventures and included a $12.5 million venture‑debt facility from HSBC Innovation Banking. New investors DaVita Venture Group and Granite Financial...
Whitestone Hires Bank Of America To Handle Possible Acquisition
Whitestone REIT hired Bank of America to manage a potential sale after attracting interest from private‑equity firms Blackstone and TPG. The REIT, which owns 56 shopping‑center properties across the South, has faced ongoing pressure from activists to go private and...
Brightline Florida Hit with Another S&P Downgrade
Brightline Trains Florida LLC saw S&P Global Ratings downgrade its $2.2 billion Opco debt and $1.19 billion East bonds to CCC‑minus, deepening its junk‑status. The downgrade follows a series of rating cuts by KBRA and Fitch, all warning of a possible default...
Gateway Re 2026-2 a Testament to Transparency and Performance of SageSure’s Platform: CEO
SageSure successfully issued the $175 million Gateway Re Series 2026‑2 catastrophe bond, meeting its target size while pricing Class A notes below initial guidance and Class B notes within range. The multi‑peril bond provides reinsurance for Auros Reciprocal and Interboro across storm, earthquake, wildfire, severe...
SEC Reaches Partial Settlement with Consultant of Failed Bond-Financed Arizona Sports Park
The SEC reached a partial settlement with Jeffrey Puzzullo, the construction consultant who helped fabricate financial projections for the $284 million Legacy Cares municipal bond offering in Arizona. Puzzullo pleaded guilty to conspiracy, securities fraud, wire fraud and aggravated identity theft,...
![[Update] SEDEMAC IPO Closes With 2.68X Oversubscription](https://inc42.com/cdn-cgi/image/quality=90/https://asset.inc42.com/2026/03/SEDEMAC-social.jpg)
[Update] SEDEMAC IPO Closes With 2.68X Oversubscription
SEDEMAC’s IPO closed with a 2.68X overall oversubscription, as investors bid for 1.51 cr shares against the 56.32 lakh on offer. Qualified institutional buyers led the demand, oversubscribing their 16.07 lakh quota by 8.46X, while non‑institutional and retail investors lagged, subscribing only 77%...
Broker’s Call: Hyundai Motor India (Reduce)
Hyundai Motor India posted an 8% YoY rise in Q3FY26 EBITDA to ₹2,020 crore, but the figure fell 17% quarter‑on‑quarter, missing both the broker’s and Bloomberg forecasts. Management highlighted GST‑driven demand and a dealer inventory below four weeks, projecting 5‑6% domestic...
California School Bonds Retain Resilience Despite Headwinds
California school‑district municipal bonds remain a solid risk‑adjusted investment despite mounting headwinds such as declining enrollment and exposure to child‑sex‑abuse lawsuits. Strong state backing via Proposition 98 and first‑lien tax claims underpin the sector’s credit quality, with most districts holding A‑rating...
From Labs to Listings: IIT Start-Ups Ride the IPO Wave
Indian Institutes of Technology are emerging as powerful engines of deep‑tech entrepreneurship, with several alumni‑founded companies recently completing high‑profile IPOs. Sedemac Mechatronics, an IIT‑Bombay spin‑out, listed at a ₹6,000 crore valuation, while Ather Energy’s IPO gave IIT‑Madras incubators a 5 % stake...
Yangzijiang Maritime Development Gets Shareholder Approval for Share Buyback at EGM
Yangzijiang Maritime announced that shareholders approved a share‑buyback mandate at its extraordinary general meeting, allowing the company to repurchase up to 10% of its issued shares. The resolution garnered votes representing roughly S$1.6 billion, or 99.9% of the shares present. The...
Advent Discloses Rejected $1.52bn Bid for UK Aerospace Supplier Senior
Advent Capital disclosed that its $1.52 billion offer for Senior, a UK aerospace components supplier, was turned down by the target's board. The rejection comes amid a competitive auction that includes Arcline Investment Management. Senior’s decision highlights valuation gaps between private‑equity...
Eclipse Re Issues Its First Private Cat Bond of the Year, $100m Series 2026-1A
Eclipse Re Ltd., a Bermuda‑based special purpose insurer, issued its first private catastrophe bond of 2026 – a $100 million Series 2026‑1A note listed on the Bermuda Stock Exchange. The bond, likely covering property catastrophe reinsurance or retrocession, matures on December 31 2027, making...
Jio IPO Timeline Nears as $4 Billion Listing Looms
Reliance Industries is preparing Jio Platforms' mega‑IPO, slated for early 2026, targeting a $4‑4.5 billion raise by selling a minimum 2.5% free float. Analysts argue the tiny public float could force the shares to trade at a premium, potentially neutralising the...
A Community-Bank Director Quits with a Parting Blast
Glen Herrick, a senior advisor and former CFO, resigned from MVB Financial’s board after just 14 months, publicly criticizing the bank’s executive‑compensation structure and lack of focus on recurring earnings. His departure is one of only four outspoken director resignations...
Apollo Launches Fundraising for 11th Flagship Vehicle
Apollo Global Management has opened fundraising for its 11th flagship private‑equity vehicle, aiming to secure capital after the previous fund fell short of its target. The firm is emphasizing its superior Distributions to Paid‑In (DPI) ratio to persuade limited partners...
Nexstar Moves Forward With TEGNA Tender Offer Following FCC Visit
Nexstar Media Group announced a cash tender offer to repurchase its 5% senior notes due 2029, a move directly tied to the pending acquisition of TEGNA. The offer, managed by BofA Securities, J.P. Morgan, and Goldman Sachs, will remain open...
States Struggle to Get a Grip on Growth of Prediction Markets
Prediction‑market trading is booming, with 2025 activity surpassing $44 billion and state officials racing to regulate the sector. The CFTC, under Michael Selig, argues federal jurisdiction, while dozens of states file lawsuits claiming gambling violations. Florida’s bond finance chief Ben Watkins...
UMG Puts US Listing Plans on Hold
Universal Music Group announced it is putting its planned secondary listing on a U.S. exchange on hold, citing turbulent market conditions that have created a valuation dislocation. The decision follows a confidential Form F‑1 filing and a $500 million commitment from Pershing...
Aptiv Subsidiaries Begin $1.5bn Notes Offering for EDS Spin-Off
Aptiv’s subsidiaries have launched a $1.5 bn private senior notes offering tied to the planned spin‑off of its Electrical Distribution Systems (EDS) unit. The notes, due in 2031 and 2034, will be held in escrow until the separation is finalized. In...
Tikehau Capital: Information Relating to the Total Number of Voting Rights and Shares as of 28 February 2026
Tikehau Capital filed a regulatory notice on 5 March 2026 detailing its share capital as of 28 February 2026. The company reported 175,247,840 total shares, each carrying a voting right, resulting in identical notional voting rights. After accounting for treasury shares, exercisable voting rights...
Bridgepoint Mulls Options for Defence Investing Strategy
Bridgepoint is evaluating how to position its capital in Europe’s burgeoning defense sector. A recent Carlyle Group white paper projects that the continent could allocate up to €14 trillion to defense and related infrastructure over the next ten years. The magnitude...
Marriott Monterey Hotel Receives $75M Refi
Sunshine‑Eichner arranged a $75 million non‑recourse first‑mortgage loan to refinance the Marriott Monterey hotel in downtown Monterey, California. The five‑year, interest‑only loan carries a fixed rate with an all‑in cost below 6% after securing a low‑200s credit spread among 19 competing...
Irish-Founded Startup Evervault Raises €21 Million to Advance Encrypted Data Orchestration
Irish‑founded Evervault announced a €21 million Series B round, led by Ribbit Capital with Sequoia Capital and Index Ventures participating, bringing its total financing to €39 million. The developer‑first platform encrypts and orchestrates sensitive data, chiefly for card‑payment workflows, and now processes over...
Rentomojo Sets Stage for IPO with Public Entity Conversion
Rentomojo has formally converted from a private to a public limited company, clearing a regulatory hurdle ahead of its anticipated IPO in FY27. The Bengaluru‑based rental platform now serves over 220,000 active subscribers, manages more than 770,000 items, and operates...
This Airline Stock Is the Most at Risk From Higher Jet Fuel Prices as U.S.-Iran War Continues, Says Rothschild
Rothschild & Co Redburn downgraded American Airlines to neutral and cut its price target to $12.5 from $17, citing heightened exposure to jet‑fuel price spikes amid the ongoing U.S.–Iran conflict. The analyst highlighted that a 10‑cent per‑gallon increase in fuel...
OCC's GENIUS Implementation Draft Rule Keeps Yield on the Table
The OCC has issued a draft implementation rule for the GENIUS Act that establishes a rebuttable presumption that stablecoin issuers and their affiliates may not pay interest or yield on payment stablecoins. While the language appears to ban direct yield,...
ITV Remains in Sky Deal Talks, Posts Slight Full-Year Studios Profit Drop, Ad Revenue Falls 5 Percent
ITV confirmed it is still negotiating a potential sale of its Media & Entertainment unit to Sky for about £1.6 billion, while reporting a modest decline in ITV Studios profit and a 5% drop in advertising revenue for 2025. Total external...
7 Out of Last 8 Mainboard IPOs Delivered Negative Listing Gains. What Is Going Wrong with India’s IPO Market?
India’s IPO market has stalled, with seven of the last eight main‑board listings debuting below their issue prices. The Nifty’s 6% year‑to‑date decline and heightened volatility have curbed investor appetite for new issues. Overpriced offerings such as Omnitech Engineering and...
China to Inject 300 Billion Yuan Into State Banks, Deepen Reform of State Financial Firms
China announced a 300 billion yuan capital injection into state‑owned banks via a special treasury bond, coupled with deeper reforms of state financial firms. The move targets major lenders such as ICBC and Agricultural Bank of China to shore up capital...
Sumitomo Mitsui Trust to Ally with US Firm Raymond James
Sumitomo Mitsui Trust Group announced a strategic alliance with U.S. brokerage Raymond James, aiming to combine expertise in finance, M&A, real‑estate and asset management. The partnership gives SM Trust access to Raymond James' $1.8 trillion in client assets and its network...
UOBKH’s ‘Alpha Picks’ Outperform STI in February; Keppel, Singtel Added for March
UOB Kay Hian’s Alpha Picks portfolio outperformed the Straits Times Index in February, delivering a 3.9% equal‑weighted gain versus the STI’s 1.8% rise. The brokerage rebalanced for March, adding defensive large‑caps Huating Global, Keppel and Singtel while trimming exposure to...
Sony Divests Whisper Stake
Sony Pictures Television is selling its 30% share in The Whisper Group after five years of partnership. The divestiture returns Whisper to private ownership, with external financing to fund its strategy and an employee equity plan. During Sony’s tenure, Whisper’s...
Shares of Aspial Lifestyle up 6% on Proposed Transfer to SGX Mainboard
Aspial Lifestyle’s shares rose roughly 6% after the company announced a proposed transfer to the Singapore Exchange’s mainboard. The move is intended to broaden its access to equity and debt capital, appealing to institutional investors with mainboard mandates. Currently, only...
CLO-and-ABS-Trends-From-SFVegas
At the annual SFVegas conference, industry leaders examined the latest CLO and ABS market dynamics. Panelists highlighted a rebound in fourth‑quarter CLO issuance, driven by a wave of resets and expanding private‑credit activity. Deutsche Bank warned that CLO equity will...
US-Regional-Seeks-the-Wides
Huntington, a US regional lender, has launched its first auto credit‑linked note (CLN) for 2026, marking a debut in the Significant Risk Transfer (SRT) arena. The transaction delivers capital relief by transferring loan‑level risk to investors and diversifies the bank’s...
Pollen-Street-Facilitates-€100m-ABF-Deal-with-Irish-Lender
Pollen Street has arranged a €100 million asset‑backed finance (ABF) transaction for an Irish lender, packaging SME loans and leasing contracts into a securitised security. The advisory handled structuring, due‑diligence and investor placement, showcasing its expertise in specialty finance. The capital...
Victory-Park-misses-target-for-US$2.5bn-ABF-fund
Victory Park announced that its asset‑backed finance (ABF) fund fell short of its $2.5 billion target, closing at roughly $1 billion. The shortfall reflects a tougher fundraising climate for specialty finance vehicles. The firm cited investor caution and tighter credit markets as...
Verdane: Why North American LPs Are Looking to Europe
Verdane, an Oslo‑based private‑equity firm, is actively expanding its North American limited‑partner (LP) base. The move reflects a growing appetite among U.S. and Canadian investors for European assets that promise higher returns than domestic markets. Verdane’s outreach targets pension funds,...
Will Trump Scramble Santander's Plan to Buy Webster?
Banco Santander’s $12.3 billion bid to acquire U.S. regional bank Webster Financial is now under pressure after President Donald Trump announced he would cut off trade with Spain. The political spat, sparked by Spain’s refusal to allow U.S. military use of...
California Trial Set in Rate-Rigging VRDO Case Against Banks
A California judge set a June 8 trial for a False Claims Act case accusing major Wall Street banks of conspiring to rig interest rates on variable‑rate demand bonds (VRDOs). The lawsuit, filed by municipal advisor Johan Rosenberg on behalf of...