Banks

The UK impressed onlookers with its sale of the second syndicated conventional Gilt of its 2021/22 financial year on Tuesday.

Novo Banco’s got off the ground with its build out towards its minimum requirement for own funds and eligible liabilities (MREL) this week, but the bank was unable to tighten its inaugural preferred senior deal beyond initial price thoughts.

Commonwealth Bank of Australia’s has increased the size of its covered bond programme after the Reserve Bank of Australia opted to end its Term Funding Facility, suggesting that Australian banks could be on the verge of increasing their public bond market funding.

Arabian Centres, the Saudi Arabia shopping centre operator, is set to tap its dollar sukuk. The recent drop in US rates, combined with the anticipation of rising rates later in the year, has provided impetus for emerging market issuers to enter markets.

Covered bond and SSA research analysts at Société Générale are set to leave the bank for other firms later this year.

LBBW slipped through one of the final windows ahead of the summer break to price its first euro green non-preferred bond in two years at spread deemed to be through its conventional curve.

The Republic of Benin plans to be the first sub-Saharan African sovereign to tap the international bond market twice in 2021. The sovereign this week intends to sell a bond with a sustainability feature, making it one of the first in the region.

Simon Denny, whom Barclays hired as head of banking for South Africa in 2019, is no longer with the firm.

Rare credits are stepping in to pick up the pre-summer slack, with unusual financial and corporate names returning to a market hungry for new supply.

Terminal X Online Ltd, the Israeli fashion e-commerce company, is preparing to go public on the Tel Aviv Stock Exchange, having secured the backing of Danish online retail billionaire Anders Holch Povlsen.

Indian financial technology company One MobiKwik Systems is eyeing Rp19bn ($255.1m) from an IPO, having filed initial documents with the regulator.

Minor International Public Co, a Thai hotel operator, closed a $300m transaction on Monday as part of a liability management exercise.