Banks

Volksbank Wien placed its debut additional tier one deal on Tuesday, becoming the latest financial institution to revisit a transaction that was first floated in late 2018.

Young and Co’s Brewery, the owner and operator of roughly 220 pubs in London and the south east of England, has entered the US private placement market.

The Slovak Republic kick-started its 2019 international bond issuance on Tuesday, printing a €1bn 11 year, drawing a book of over €5bn. It paid a “minimal” new issue concession, according to lead managers.

TransOil, a Moldovan agricultural exporter, on Monday launched the first ever international bond from the country, completing the deal successfully after a failed attempt last year.

Tony Lee has joined MUFG Bank (Hong Kong), to head the Japanese lender’s corporate banking business in east Asia.

Vinmec International General Hospital, a subsidiary of Vingroup, has launched a $300m deal into general syndication after receiving commitments from five banks during senior syndication.

Broor Spahr van der Hoek is joining Arma Partners, leaving his role at JP Morgan as head of private placements and growth capital business for clients in Europe, the Middle East and Africa. The advisory boutique wants to develop its private capital offering as a complement to M&A services; it sees this form of financing as an increasingly relevant option for firms before they go public or are bought up.

Nasdaq-listed Chinese streaming platform Bilibili has opened books for a concurrent convertible bond and placement of American Depository Shares, eyeing combined proceeds of up to $614m.

Chinese real estate companies Kaisa Group Holdings, Jingrui Holdings and China SCE Group Holdings came to the market on Monday after announcing strong financial results for 2018 last week, raising $900m between them.

Singapore agricultural commodity company Olam International and its wholly owned subsidiary Olam Treasury have raised the firm's first loan where its funding costs are linked to the digitisation of the company.

Two Malaysian state-backed funds, Employees Provident Fund and Permodalan Nasional Berhad, have raised a £1.5bn ($1.96bn) three year bullet loan to support their acquisition of part of the Battersea Power Station development in London.

Eager demand for hybrid capital issues, amid an environment of low rates, was on show again on Monday, when LafargeHolcim issued its first big deal of this kind. The pricing was tightened by an exceptional amount during the bookbuild — 69bp.