Bloomberg Major airports in Europe are asking investors for a break from debt obligations for the second time since the height of the coronavirus pandemic. London Heathrow Airport, the UK’s busiest hub, said it secured support for a new round of waivers on covenants applying to $1.6 billion of bonds after some of the terms agreed last year expired. Holders ...

Bloomberg Credit Suisse Group AG is pushing deeper into China with plans to extend underwriting of initial public offerings (IPOs) even as markets are roiled by Beijing’s crackdown on the booming financial technology and private education industries. The Swiss lender plans to sponsor initial public offerings (IPOs) on the Nasdaq-like Star Market Board in Shanghai, Tim Tu, head of the ...

Bloomberg Toronto-Dominion Bank (TD) raised C$1.75 billion ($1.39 billion) in its inaugural sale of limited recourse capital notes (LRCNs), taking advantage of the fast growing market for the Canadian dollar-denominated hybrid securities first sold one year ago. Toronto-Dominion, Canada’s largest bank by assets, priced the transaction at the tight end of guidance after drawing orders covering the offering by more ...