Banks

On Tuesday Rabobank attracted more than 300 accounts to the first benchmark-sized euro additional tier one (AT1) bond since April, as it looked to refinance legacy tier one debt that reaches a call date next year. It was also the first Dutch financial institution to issue tier one since the government proposed to change the tax law on coupon distributions.

Telecom infrastructure firm Circet Odyssee has joined the early September pipeline of deals in the euro leveraged loans market with a small tap. It will fund the buyout of Irish peer KN Group, with parent company Advent planning to merge the companies.

South African precious metals mining company Sibanye Stillwater has launched a tender process to repurchase some of its high yield and convertible bonds.

Barclays has created two new roles to bolster its coverage on green and socially responsible products.

The Independent State of Papua New Guinea (PNG) has taken a step towards debuting in the international bonds market, mandating banks for a long-awaited dollar issuance.

Fosun Tourism Group, a subsidiary of Chinese conglomerate Fosun International, is planning to spin-off and list on the Hong Kong Stock Exchange.

First Abu Dhabi Bank (FAB) returned to the offshore renminbi bond market on Monday with its third issuance in the currency this year.

CPE Greenery has bagged HK$788.1m ($100.4m) after trimming its stake in Chinese drug maker Luye Pharma, according to a source close to the deal.

Leo Paper Group, a Hong Kong-based printing services company, has signed a HK$350m ($45m) four year green term loan and revolving credit facility with seven banks, making it the first privately-held firm to complete such a transaction.

Crédit Agricole has created two new desks in Asia focused on acquisition and leveraged finance and coverage of funds, according to a statement on Tuesday.

Meituan Dianping, one of China’s hottest technology unicorns, has launched bookbuilding for its up to HK$34.6bn ($4.4bn) Hong Kong IPO.

Lloyds Bank is set to bring the first ever FIG benchmark linked to Sonia on Tuesday, alongside three issuers bringing euro benchmarks and one selling a tap.