Banks

Eurotorg, the biggest supermarket group in Belarus, has announced its intention to float on the London Stock Exchange, paving the way for the first big international IPO of a Belarusian company.

UBS is promising not to change its investment banking strategy ahead of its investor day this month, despite the departure of the man who came up with it.

The order book for Afreximbank’s revived five year dollar benchmark had filled with more than $1bn of orders by Thursday lunchtime, according to a banker close to the deal.

Ganfeng Lithium is set to raise HK$3.3bn ($421.6m) from its Hong Kong IPO on Thursday after pricing shares at the low end of expectations.

Romania hit screens on Thursday morning for its second dual tranche euro benchmark of the year.

The Danish Financial Supervisory Authority has increased Danske Bank’s capital requirements for a second time following an investigation into money laundering through its branch in Estonia. The scandal-stricken lender said on Thursday that it was ending its share buy-back programme to comply with the new targets.

South Korea’s IPO market is struggling to gain momentum, buffeted by a drop in the benchmark equity index and an increase in surveillance of listing hopefuls by the financial regulator. With the market expected to remain fragile, caution appears to be the way to go, writes Jonathan Breen.

A dearth of corporate bond supply on Wednesday, due to a German public holiday, was followed by deals from airport operators in two markets on Thursday. Aéroports de Paris (AdP) opted for the domestic route, while Heathrow made its first visit to the Australian market.

CapitaLand has raised a S$300m ($218m) sustainability-linked loan from DBS, the first of its kind from Asia’s real estate sector.

India’s UPL Corp has launched a $3bn five year term loan into general syndication to support its acquisition of Arysta LifeScience.

Trade Bank of Iraq (TBI) has signed a €100m financing loan framework with Commerzbank, with the money earmarked for projects connected to rebuilding Iraq.

The Commercial Bank of Qatar raised Sfr100m ($100.9m) of September 2024 bonds on Wednesday evening, seven months after it debuted in the Swiss franc bond market.