Banks

Asian Development Bank has become the second ever borrower to sell Armenian dram denominated paper.

The UK’s preparations for a no-deal Brexit published this week include a proposal to strip away preferential capital treatment for EU27 exposures — meaning a hit to UK bank capital ratios at the worst time imaginable.

Cable company Comcast has given Sky shareholders longer to respond to its debt funded acquisition offer, after a negligible acceptance rate at the original deadline.

BMW and Daimler reopened Europe's corporate bond market on Thursday in emphatic style, reminiscent of the market's usual reopenings after Christmas, when car companies often take the lead. Such a clear and classical restart to issuance, this early in August, is unusual.

Deutsche Bank opened books on its first ever preferred senior deal on Thursday, joining Berlin Hyp and Commerzbank in christening the product this week.

On Thursday Intesa Sanpaolo become the first Italian bank to issue an unsecured bond since April, but it paid up to do so. It has led the way for the country’s banks in terms of issuance this year, having already printed both the first unsecured bond and the first covered bond since the general election.

Sunstone Capital, the Danish venture capital firm, sold its final stake in Swedish e-commerce firm Boozt on Wednesday, its third sale of shares since the firm’s IPO in May 2017.

Jefferies has hired a three person team from HSBC to build out its UK M&A operations, including Philip Noblet, vice-chairman of global banking and former co-head of banking for the UK.

Polish bank mBank is embarking on a roadshow to market the first euro denominated international public bond from the CEEMEA region in over a month, and the first since Turkey’s currency crisis triggered a wave of selling across emerging market debt.

The Hong Kong bourse saw a raft of IPO filings this week, as issuers made a beeline for what could be a bumper September for new share sales.

San Miguel Food & Beverage is gearing up for what is expected to be one of the largest stock sales out of southeast Asia in the second half of this year.

Pakistan is making a quick comeback to the loan market, seeking $200m, amid a mounting debt crisis in the country. But economists and bankers said numerous funding avenues are available for the sovereign to manage its $12bn of outstanding debt.