Banks

The autonomous region of Azores mandated two banks on Thursday for its first visit to the debt capital markets since 2016 and what could be its largest ever bond.

Municipality Finance is looking to publish its social bond framework this year ahead of a debut bond in the format, as it looks to extend its offering of socially responsible bonds.

Banca Monte dei Paschi di Siena was selling senior debt in euros on Thursday and UBI Banca was marketing tier two bonds, after the pair came rushing into the market to take advantage of a favourable backdrop for Italian credits.

The UK’s Wilmington has renewed its sterling revolving credit facility, with the digital business publishing house switching out one of its lending banks in the process.

The Republic of Tunisia does not finish its roadshow until Tuesday, but after a 100bp rally in its euro 2024s since the start of June and strong attendance at the roadshow meetings so far, a seven year — the longer end of the planned tenor for the benchmark bond — looks to be on the cards.

Budweiser Brewing Company Apac cracked open its up to HK$76.4bn ($9.8bn) Hong Kong IPO this week, set to be the city’s largest listing in nearly a decade and the world’s biggest so far this year, with early investor orders coming in thick and fast. Jonathan Breen reports.

Fineco Bank is lining up the sale of a €200m additional tier one (AT1) bond after recently becoming independent from UniCredit — a deal that will make it only the fourth Italian issuer to raise capital in the asset class.

The Hong Kong Stock Exchange is sifting through three IPO applications submitted by Chinese companies in three different sectors this week.

HK bans Leissner for life over 1MDB scandal – BofA names new Apac IB co-head – CS nabs equity research head – Nomura loses senior Malaysia banker – New appointments at Goldman

The Chinese Ministry of Finance (MoF) completed its maiden Rmb1.7bn ($247m) three year offshore renminbi bond in Macau on Thursday, pricing it slightly higher than onshore government bonds.

Swedish car manufacturer Volvo made its debut in Hong Kong dollars on Wednesday amid increasing tensions and unrest in the city.

UK train leasing firm Porterbrook has sent out requests for proposals to US private placement agents, for a prospective return to the market.