Banks

Stephen Plestis, the former co-head of listed derivatives and OTC clearing at Credit Suisse, has become head of sales for the EMEA and Asia region at margin optimisation specialist OpenGamma.

BNP Paribas made a comeback to the Singapore dollar bond market to shore up its capital, bringing the year’s first Basel III-compliant tier two outing in the currency.

Mainland firm Shanghai Gench Education Group is planning to list in Hong Kong and has submitted its draft prospectus to the stock exchange.

Future Land Development Holdings got a head start on other high yield issuers gearing up to hit the bond market this week, raising $300m on Monday at a level that was 37.5bp inside initial guidance.

Investors flocked to Korea Midland Power Co’s (Komipo) green bond on Monday, funnelling $3bn of orders into a $300m deal that offered a quality credit and an attractive tenor to the buy side.

Barclays has appointed Vanessa Koo as head of banking for Asia Pacific and Lars Aagaard as head of mergers and acquisitions for the region.

ASM Pacific Technology is tapping the offshore loan market for the first time, raising a HK$2.25bn ($287m) five year borrowing to refinance a convertible bond maturing in March.

CPPIB Capital was comfortably oversubscribed for its $2bn trade on Monday with the dollar SSA market remaining attractive at the short end. Agence Francaise de Developpement, KfW and Kommuninvest will look to tap into lucrative conditions in the currency after mandating banks for deals on Tuesday.

SNCF Réseau paid a significant new issue premium for its first benchmark green bond since 2017 on Monday. The European Investment Bank will issue its own 10 year euro bond on Tuesday, following trades in sterling and dollars earlier in the year.

Italy hit screens for a 15 year euro benchmark on Monday, in what will be the sovereign’s first syndication for a new issue since agreeing its 2019 budget with the European Commission at the end of last year. Elsewhere in the eurozone periphery, Greece is looking to return to the bond market with a euro syndication in the five year part of the curve, according to bankers.

Some Schuldschein arrangers are expecting that a syndicate’s distribution skills may become more important this year, as conditions across capital markets become more chaotic.

A senior equity-linked debt banker has left RBC Capital Markets.