Banks

The autumn term has definitely begun in Europe’s corporate bond market. BMW and Daimler, which launched deals last week, may have been the scholarship swots who returned extra-early, but this week the whole sweaty gang of issuers is back en masse, and making plenty of noise.

German car leasing company Sixt has raised €200m in the Schuldschein market, part of which was sold through Helaba’s platform, VC Trade. As the market digitises, two platforms — one promoted by Helaba and one by LBBW — are pulling ahead of the pack.

The World Bank’s first attempt at a blockchain bond raised A$110m ($80m) of two year paper in a public deal — created, allocated and settled using blockchain technology.

DZ Hyp has mandated leads for a non-deal roadshow, RLB Vorarlberg has mandated leads to roadshow its first covered bond, and ASB Finance has also appointed leads for a series of investor meetings.

Ireland’s Cairn Homes has agreed a €350m debt package from four institutions, with the homebuilder managing to lock in cheaper funding costs than the loans being refinanced.

Svenska Handelsbanken was in the market on Tuesday, setting final terms for €750m of tier two capital. It was the first bank to issue subordinated notes in euros since June.

Royal Bank of Scotland was selling a new senior deal from its holding company on Tuesday, following a similar deal from Barclays, which struggled to find a great deal of momentum in its order books.

Banco Santander’s Chilean yesterday sold the first ever floating rate note in Chilean pesos, raising Ps75bn ($114m) in long three year notes.

A senior SSA portfolio manager at Barclays has resigned from his position and will be leaving the bank, GlobalCapital can reveal.

HSBC France met with a strong response for a sale of senior debt on Tuesday, after eschewing the recently popular choice of the five year tenor.

Crédit Agricole has hired a former Barclays head of MTNs to head up its MTN business in Europe.

Credit Suisse has named Makoto Kuwahara as chief executive officer for Japan, effective in November.