Banks

French investment grade corporate issuers Alstom and Covivio Hotels ignored growing worries over rising coronavirus infections on Tuesday to haul in bumper demand for new bonds.

The IPO of Terminal X Online Ltd, the Israeli fashion e-commerce company, is covered following less than a day of bookbuilding, according to a source close to the transaction.

The SSA bond market is playing host to three SRI labelled deals in euros this week, with no conventional debt slated for issuance at all so far.

The European Commission rounded off its pre-summer funding with a dual tranche outing this week. Despite the huge size raised, the execution was remarkably smooth, as is becoming a signature for the EU. But while the EU’s credentials as one of the top SSA issuers are beyond doubt, questions remain as to whether it is a supranational, or a quasi-sovereign issuer of eurozone safe assets.

CPPIB Capital, the issuing entity for Canada Pension Plan Investment Board, launched its first ever syndicated bond linked to the secured overnight financing rate on Tuesday, impressing onlookers with its size.

Metropolitano de Tenerife, the public transport company that operates the Tenerife tram system, made its bond market debut on Tuesday, raising €130m with a 15 year green bond.

UBS opened the European bank earnings season on Tuesday with a strong set of results from its M&A and capital markets businesses, which CEO Ralph Hamers seized as an opportunity to play up the importance of talented bankers over the generous application of balance sheet.

Commonwealth Bank of Australia (CBA) has returned to the long end of the covered bond market sell its first private placements in the format since 2019.

Bukalapak, an Indonesian e-commerce company, has closed the orderbook for its IPO and is expected to price the deal at the top of the marketed range, according to a source familiar with the matter.

Del Monte Philippines kicked off pre-deal investor education for its IPO on Tuesday, according to a source familiar with the matter.

Chongqing Pharmaceutical (Group) Co is making its debut in the loan market for $150m. It is set to directly compete against a larger Chinese state-owned peer that is also testing lenders’ appetite for a new fundraising.

Charlotte Weir is leaving Barclays after more than 20 years with the firm, most recently as head of corporate debt capital markets in EMEA, for a job at another bank in London.