Banks

Utility company Snam has converted an existing €3.2bn revolving credit facility into a sustainable deal, joining the growing chorus of southern European firms switching their bank lines for environmental, social and governance-friendly financing alternatives.

Ireland’s Applegreen has signed €300m of loans to finance its acquisition of more than half of motorway service operator Welcome Break, topping off a fund raising round that also saw a share placement.

Crédit Agricole has asked around 20 people from debt capital markets and sales to move from its London office to Paris in preparation for the possibility of a hard Brexit, according to sources familiar with the matter.

A strong order book allowed ING to raise €1.5bn on Thursday with the euro leg of its first ever green holdco bond — a size that was twice as large as any other financial institution has so far achieved with an unsecured green transaction in the currency.

Turkey’s first euro benchmark in four years hit the market on Wednesday, raising €1.5bn with a February 2026 deal before being hit by a sell-off.

Goldman Sachs has restructured its capital markets teams in Asia, naming new co-heads for the equity and credit units.

LG Display Co unveiled its debut dollar bond on Wednesday, taking home $300m from a green-labelled deal.

Hong Kong-listed Man Wah Holdings and China Water Affairs Group are seeking offshore loans of $100m and $200m respectively.

Shenzhen International Holdings is set to issue its second Panda bond, seeking an ambitious Rmb4.7bn ($678m). Regular issuer GLP is also planning a comeback.

New York-listed aircraft leasing company Aircastle, owned by Japan's Marubeni Corp, has returned to the loan market for a $250m revolving credit facility.

Barito Pacific and Bank Rakyat Indonesia have returned to the international loan market for new fundraisings.

State-owned mining company Indonesia Asahan Aluminium (Inalum) closed a $4bn bond this week, letting loans bankers off the hook from a planned bridge facility. Addison Gong reports.