Bank of America

UK energy company Centrica has sold its first hybrid bonds, as prospects for issuance of the subordinated instruments remains strong.

Shawbrook, the UK challenger bank, received strong domestic and US demand for its £217.5m London IPO, and rose 6% on Wednesday, its first day of trading.

Shawbrook, the UK challenger bank, jumped 6% this morning in the first few minutes of trading, after raising £217.5m from its initial public offering in London.

Efforts by China’s top regulators to promote the inclusion of the renminbi into the International Monetary Fund's Special Drawing Rights (SDR) basket may have paid off. Analysts at Bank of America Merrill Lynch think the move is likely to happen and estimate the RMB's potential weighting to be 13%.

France's Veolia Environnement has issued a 12.8 year bond as part of a liability management exercise.

Tata Motors will open books on its nine-for-109 rights issue next month signing up a whopping nine banks to lead the deal. If the issue raises the targeted Rp75bn ($1.2bn) it will rank as India’s second largest ever rights issue.

Neil Kell is re-joining Bank of America Merrill Lynch in the newly created role of chairman of international equity capital markets, after recently resigning from Deutsche Bank.

Hong Kong Telecommunications (HKT) wrapped up a stylish return to the dollar bond market on March 30, helped by a large order from a single investor. The high overall demand for a rare Asian telco allowed the new trade to come inside the borrower’s existing dollar curve.

Henderson Land Development has sealed an HK$18bn ($2.32bn) borrowing, its largest ever syndicated loan, with a group of 22 banks.

Shawbrook, the UK challenger bank, has narrowed the price range toward the top of the initial range, ahead of the IPO book’s closing tomorrow.

Morgan Stanley has appointed Piers Harris head of European corporate fixed income capital markets, following the departure of Marcus Hiseman to join Bank of America Merrill Lynch.

Alex Von Sponeck, head of CEEMEA debt financing origination at Bank of America Merrill Lynch, is leaving the firm imminently.