Banks

Shinhan Financial Group has deepened its sustainable funding pool, raising $500m from a bank capital deal that was appealing to investors.

Malaysia’s Maybank returned to the Taiwanese market on Monday to raise $850m from a Formosa bond.

Chinese robotics company CloudMinds has taken its foot off the pedal for its New York Stock Exchange IPO, initially expected around this week, and is instead waiting for less volatile global capital markets, according to sources close to the deal.

Brazilian meatpacker Marfrig is looking to fund cattle purchases that meet its environmental and sustainability criteria through a debt sale that the company is describing as a “sustainable transition” bond.

Energie Baden-Wuerttemberg hit screens on Monday to sell a pair of green hybrid bonds, returning to the green bond market to follow up on its October 2018 debut.

Cobham, a UK aerospace and defence supplier, could soon change owners as private equity firm Advent plans to finance its £4bn acquisition with £2.517bn equivalent of interim loans. The latest public-to-private buyout is on shaky ground, jolted by a looming bidding war, possible regulatory intervention and reluctant shareholders.

Rentenbank and Inter-American Development Bank hit the market for small taps of existing dollar debt on Tuesday, dipping into the market before the US Federal Reserve cut rates for the first time since the financial crisis.

The World Bank has printed the longest ever bond with a coupon linked to the Secured Overnight Financing Rate (Sofr), with the market finally seeming to find a consensus on how to work out the coupon for the dollar Libor replacement benchmark.

Banks in Japan might not be able to copy the structure of SMBC’s debut covered bond, resulting in a lack of uniformity in the market that may cause concern among investors. This stands in contrast to Korea, where banks are now exploring issuing in Korean won as there is a law in place that supports these instruments.

The UK’s Future has agreed to buy US B2B publisher SmartBrief for up to $65m, with the specialist media group planning to draw down on its existing debt facilities to finance the acquisition.

Russia's largest producer of anthracite coal, Siberian Anthracite, is expected to complete a loan refinancing in September. The deal will see Sibanthracite switch its existing loan facility from dollars to euros, as bankers offer a number of reasons for the switch, including preventative protection from sanctions and the elimination of operational delays.

The European Investment Bank (EIB) appointed banks on Monday to lead a five year sterling Climate Awareness Bond (CAB), in what will be the supranational’s first new socially responsible bond issue in the currency since 2014.