Banks

Hong Kong scored with a $1bn debut green bond this week, after investors poured more than $4bn into the transaction’s final order book. The deal was a strategic attempt by the government to encourage the development of green financing in the city, but the impact remains to be seen. Morgan Davis reports.

Xinjiang Goldwind Science and Technology is tapping the offshore loan market for a $475m green loan to support its windfarm projects in Argentina.

Bookbuilding for the Trade and Development Bank of Mongolia’s (TDBM) three year notes was carried over into a second day on Wednesday, giving investors more time to stew over the risks facing the embattled bank.

Wells Fargo has appointed John Langley as head of the corporate and investment bank for Europe, Middle East and Africa. Langley was previously head of global financing and risk solutions at Barclays.

Thomas Kønig has resigned from his job as head of the Nordic institutional clients group at Deutsche Bank, and will be moving to Goldman Sachs Asset Management.

Three Chinese borrowers sold perpetual notes on Tuesday, raising a combined $900m from the rare structure.

Nelly Harapoff, a director in ANZ’s loan syndication team in Sydney, will be relocating to Singapore.

Portugal mandated Bank of China and HSBC on Tuesday to place its first renminbi bonds on the China interbank bond market, as it looks to become the first eurozone sovereign to issue Panda bonds.

Thales, the French defence company, slipped a €500m no-grow three year issue into the bond market on Tuesday, alongside Vodafone's much bigger deal, and after another three-trancher from Becton Dickinson on Monday. All three deals' short dated tranches were priced tightly.

The Netherlands got a huge reception for its highly anticipated inaugural green bond on Tuesday, with a final book of over €20bn that allowed the sovereign to issue at the upper end of its target.

Nederlandse Waterschapsbank has inaugurated its updated social housing bond framework with a €1bn SRI issue. The new framework includes an environmental aspect alongside pre-existing social elements.

Vodafone, the UK-based telecoms company, became on Tuesday the latest issuer to enter the green bond market for the first time, delivering on expectations raised when it published its Green Bond Framework last August. The €750m green note was the shortest of three tranches in a €2.5bn deal that drew €8bn of demand.