Banks

London football club Tottenham Hotspur FC has entered the US private placement market, looking for £350m to partly pay off bank loans generated from the construction of its new stadium.

Credit Suisse sold a dollar-denominated additional tier one (AT1) bond on Wednesday. Despite hefty demand for the notes, the issuer only revised the pricing by a small margin as market turmoil increased through the day.

Thailand’s largest block trade in six years has seen Singaporean state-owned investment fund Temasek Holdings bagging more than $500m from a sale of Intouch Holdings stock. The vendor took advantage of a surge in the Intouch’s stock price and plans to return and clean up its remaining stake. Jonathan Breen reports.

Greenko Energy Holdings skirted market volatility on Wednesday, seizing a rare opportunity to close a dollar deal.

Chinese lending to and investment in central and eastern Europe is on the up. China has extended its reach to rival the influence of its western counterparts with its best weapon: money. But many bankers speaking to GlobalCapital this week think the trend is problematic.

German healthcare company Fresenius has launched a Schuldschein across three tenors.

More changes for Deutsche — HSBC equities veteran joins HK property developer — Loans banker Fung joins StanChart— Chung to leave Maybank

With no major new issues in sight, the high yield bond market has been dominated by the news of troubled businesses struggling to come up with credible turnaround plans.

The UK’s Peabody Trust has signed a £75m sustainability-linked loan from BNP Paribas, as competition for UK housing association lending ramps up.

Goldman Sachs was set to price a new euro-denominated bond on Wednesday, the first unsecured transaction from a financial institution in about two weeks. With demand peaking at €2.7bn, the issuance could encourage other issuers to follow suit.

ZF Friedrichshafen is targeting the end of August to launch its grand return to the Schuldschein market, according to people with knowledge of the situation. The German car parts maker’s €2.2bn issue in November 2014 is the biggest deal the market has ever seen but a bigger deal may be on the way.

China IT company Chinasoft International has returned to the syndicated loan market after six years, seeking a HK$1bn ($127m) facility.