Banks
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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.
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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.
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China Lesso Group, a building materials manufacturer, has mandated five banks for a new money loan, returning to the market after two years.
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South Korea’s Kakao Pay is revising the prospectus for its up to W1.63tr ($1.42bn) listing after the country’s securities regulator requested it to add more information to the documents, in the latest sign of an increasingly heavy-handed approach to the IPO market.
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Mizuho has lost another three loans bankers in Hong Kong, after a senior director left at the beginning of the year, according to a source close to the situation.
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New Development Bank plans to issue more thematic ESG-labelled bonds going forward, as part of its new five year strategy, as well as expanding its operations to new countries and mobilising more private sector involvement.
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Europe’s high grade bond investors will have a chance to buy debt from one of the sectors most battered by the coronavirus pandemic next week, after French real estate investment trust Covivio Hotels mandated for a trade on Friday.
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ING has promoted Sebastian Frederiks to become head of wholesale banking for the Middle East.
