Banks

A group of shareholders in GSX Techedu has launched a follow-on offering of the Chinese education technology firm’s US-listed stock.

Standard Chartered has appointed Simon Kellaway as regional head of securities services for Greater China and North Asia.

Nomura has appointed Abhishek Tiwaari as head of loan capital commitments and syndicate for Asia ex-Japan, a newly created position within the bank’s client financing and solutions (CF&S) unit.

Chinese property company Agile Group Holdings wrapped up its bond issuance for the year on Monday, raising $200m from its fourth deal of 2019.

Japan Tobacco and Yorkshire Water have given mandates for new euro and sterling bonds, respectively, as S&P Global says the amount of European corporate debt it rates has grown to €6.44tr.

Three companies piled into the euro bond market on Monday, but the deals drew mixed reactions. Two standard investment grade issues from LafargeHolcim and Ford Motor Credit appeared to fare better than a rare green hybrid from Citycon paying a juicy yield.

The Province of Ontario is readying for a tap its 2025 Canadian dollar denominated green bond for the second time this year.

Struggling car manufacturer Jaguar Land Rover raised €800m from a dual-tranche bond this week, pricing both parts at the tight end of guidance despite an uncertain outlook for the UK auto sector and a deal structure described as "high-yield lite" by one credit analytics company.

The State of North Rhine Westphalia (Land NRW) was the only public sector borrower to announce a euro benchmark transaction on Monday, as it appointed banks to lead new 10 and 20 year sustainability bonds.

France’s Caisse des Dépôts et Consignations is preparing to make a rare appearance in the sterling market for a two year fixed rate trade.

Sweden’s Recipharm has agreed a debt-backed deal to buy the UK’s Consort Medical for an enterprise value of about £627m ($810m), as the pharmaceuticals sector remains a consistent area of M&A activity.

Gerben Dragt will be the country executive for ABN Amro in the UK from February 1.