Banks

Three real estate developers from Greater China raised additional funding from the dollar bond market through opportunistic trades on Tuesday, taking some comfort from the Chinese central bank’s recent move to boost renminbi liquidity.

State-owned Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank) is in the market for a $790m loan, its largest offshore facility yet.

Lar España Real Estate, a Spanish retail property investor, become on Tuesday the second high grade comapany this week to mandate for a debut green bond, with the less well known issuer testing appetite for a tricky sector.

Goldman Sachs celebrated its second highest ever firm-wide quarterly net revenues, net earnings and earnings per share on Tuesday. It set the as-yet unbeaten net revenue record in the first quarter of the year.

The Inter-American Development Bank and the Province of British Columbia sold well subscribed dollar deals on Tuesday but volatility could be on the radar after US inflation data beat expectations.

The European Union launched a pair of benchmarks on Tuesday, completing its pre-summer funding requirement and landing €15.25bn from a book of €147bn.

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.