Banks

Emre Eler is joining Citi, after nearly two decades at JP Morgan.

Banco de Sabadell completed its annual funding plan on Tuesday with a €500m preferred senior bond, adding a call option to the transaction in a clear sign that it is likely to be used as part of the minimum requirement for own funds and eligible liabilities (MREL).

Mamoura Diversified Global Holdings (formerly Mubadala Development Company) has released initial price guidance for its dollar triple trancher at levels a rival syndicate official said looked fair, and included another 30 year bond from the region in just over a month.

After making its debut in the capital markets last week, France’s Action Logement Services (ALS) plans to issue bonds and private placements across various maturities under its 100% sustainable euro medium-term note (EMTN) programme.

Naftogaz, Ukraine’s largest vertically integrated oil and gas company, is embarking on a roadshow for a dollar bond — its second outing in the international bond markets this year.

Europe’s lacklustre market for IPOs is showing little signs of improvement as the African Export-Import Bank (Afreximbank), the African trade finance group, pulled its $250m IPO on the London Stock Exchange, blaming “unfavourable market conditions”.

Austrian cellulose fibre maker Lenzing has entered the Schuldschein market with margins tied to its sustainability performance.

Masraf Al Rayan, the second largest Islamic bank in Qatar by total assets, is embarking on a roadshow for its debut outing in the international sukuk market.

An investor in Ping An Healthcare and Technology has bagged HK$1.25bn ($159.9m) after selling a chunk of shares in the company, according to a source close to the transaction.

Universal Scientific Industrial (Shanghai), a subsidiary of Taiwan’s Advanced Semiconductor Engineering, has increased its debut offshore borrowing to $420m-equivalent.

Hyundai Capital America has priced a $800m three year bond alongside a $700m seven year, raising more than expected from its latest outing.

Chinese firms Lizhi and Phoenix Tree Holdings are each planning US IPOs of up to $100m, according to listing documents filed with the SEC.