S16EP1: Apollo’s $745m ABF Deal with Virgin Atlantic; Inside the 2025 Autumn Budget; and Bank of England to Ease Capital Rules

🎙 Welcome back to Season 16 of The Firm Analyst!In this episode, we explored three major headlines shaking up finance, aviation, and UK fiscal policy:✈️ Apollo’s $745m ABF Deal with Virgin Atlantic — last month, Apollo provided Virgin Atlantic with $745 million in senior secured financing backed by the airline’s take‑off and landing slots at Heathrow Airport. We unpack why this security package makes the structure so unique.💷 Inside the 2025 Autumn Budget — with speculation swirling about major tax hikes, markets braced for volatility. Gilt yields remained volatile ahead of the announcement, only to retreat when investors welcomed new fiscal headroom of up to £22 billion. We cover the key takeaways: a reduced £12,000 Cash ISA cap for under‑65s, frozen income tax thresholds until 2031, a new 'mansion tax' and more. 🏦 Bank of England to Ease Capital Rules — for the first time since 2015, the Bank of England has decided that it will cut the amount of Tier 1 capital that banks are required to hold against their risk weighted assets from 14% to 13%, reflecting “the evolution of the banking system.” We consider how this change might impact banks' portfolios as well the the significant risk transfer and Additional Tier-1 bond markets.Link to the full episode 👉 https://linktr.ee/thefirmanalyst