Banks

Belgium’s Solvay has signed a €2bn sustainability-linked revolving credit facility, as the chemicals company progresses with one of the most ambitious decarbonisation undertakings in its industry.

Two US PP institutional investors headquartered in the US are considering lending to UK borrowers for the first time this year.

The Danish Financial Supervisory Authority has warned that banks would face trouble accessing funding in international markets if there were to be a repeat of the kind of money laundering scandal that has gripped Danske Bank, the country’s largest lender, in the last year.

Qatar National Bank has sold a Rmb500m ($73m) three year bond through Standard Chartered, continuing its ongoing presence in this market.

Secondary levels in emerging markets are moving sharply tighter early in 2019, but issuers remain difficult to tempt into the primary market.

Srei Infrastructure Finance has mothballed a plan to float its subsidiary Srei Equipment Finance as risk-off sentiment drives valuations down in India’s IPO market.

BNP Paribas has made a string of senior appointments to complete the reorganisation of its corporate and institutional bank that began at the end of last year.

Philippine company International Container Terminal Services has turned to banks for a €260m ($296m) fundraising, breaking a hiatus of more than two years from the loan market.

Hugo Peek has stepped down as CEO of ABN Amro’s corporate and institutional bank in Europe, the Middle East and Africa, following a restructuring at the Dutch lender.

Leveraged finance markets in Europe are looking up, and bankers expect they may even see some deals priced before long.

Spain mandated banks on Monday for its first syndicated bond of the year, as it looks to replicate the success of other eurozone sovereign syndications so far in 2019.

Export Development Canada is set to become the fourth public sector borrower to issue a debut Sonia bond this year, after picking banks on Monday for a three year bond linked to the reference rate. Meanwhile, KfW will return for its second sterling benchmark of 2019, sticking with a five year maturity it issued in earlier in the month.