Banks

First Abu Dhabi Bank has sold its inaugural bond linked to the secured overnight financing rate (Sofr), becoming the first borrower in the United Arab Emirates to do so.

Metropolitan Housing Trust, a UK housing association, has mandated for a sterling bond, amid rising concerns among bankers and investors in the UK on the almost complete easing of coronavirus pandemic social restrictions in England from Monday.

Raben Group, the Dutch-Polish logistics firm, closed its first sustainability-linked syndicated loan for €225m on Friday.

A pair of SSA borrowers are set to squeeze a pair of benchmarks in on Tuesday just before the summer holidays period commences in earnest.

Vilogia, a French social housing company, has shrugged off being downgraded by Moody’s and having its rating withdrawn by Fitch, printing a rare floating rate note that was driven by a reverse enquiry.

Three new Spac IPOs priced in Europe at the end of last week raising a combined €675m, suggesting that there is still some meaningful investor appetite for the product in the region. However, sources are warning that pricing a Spac is far from easy.

Santander intends to enhance its fixed income offering in the US by buying Amherst Pierpont Securities, a broker-dealer based in New York, for $600m.

Credit Suisse has filled six roles in its sustainability strategy, advisory and finance (SSAF) group, headed by Marisa Drew, including a global head of net zero strategy.

Aydem Yenilenebilir Enerji, a Turkish renewable energy generation company, is seeking to sell a green bond in its debut international debt offering. It joins a string of Turkish corporates that have stepped into sustainable finance in the past few months to tap into a diverse investor base.

Alfa Bank, Russia’s largest privately owned bank by assets, loan portfolio and equity, is seeking to sell an international rouble bond. It last entered international markets in April, selling a dollar bond.

Indian food delivery platform Zomato has wrapped up its IPO 38.25 times subscribed. A stream of orders poured in from all corners of the market, with foreign institutions driving the deal.

China Lesso Group, a building materials manufacturer, has mandated five banks for a new money loan, returning to the market after two years.