Banks

ANZ has appointed Niro Somasekeran as head of corporate finance for south and southeast Asia.

The green dim sum bond market saw a small jump in action on Tuesday, with high yield issuer Zhenro Properties Group selling a short-dated deal and German development bank KfW reopening one of its existing notes.

RHB Bank enticed investors with a rare bond from Malaysia’s banking sector, drawing in more than twice the demand for a $500m deal.

BoCom International Holdings Co leaned on a hefty syndicate team to lock up a $500m five year bond on Tuesday.

Singaporean logistics company GLP used a subordinated perpetual bond structure to raise $300m of green funds this week.

Vattenfall, the Swedish electricity company, powered through its euro hybrid capital funding levels with a debut sterling green hybrid this week, as the sterling market continues to provide ample support for borrowers.

LEG Immobilien, the German housing company, has mandated for its debut sustainability bond. Bond market participants expecting sizeable demand for it, despite the recent deluge of property deals.

Baltics Classified Group, the online classified advertising company focused on the Baltic region, has opened the books on its £238m IPO on the London Stock Exchange.

Canada’s federal pensions manager, Public Sector Pension Investments, made its debut on the international bond market on Tuesday — and will soon be back for more. It was joined in the market by International Finance Corporation’s first ever bond linked to the Secured Overnight Financing Rate (Sofr).

Yorkshire Building Society paid a rare visit to the euro market on Tuesday as it offered a small premium for a €600m preferred senior deal. Bankers expect issuance to slowly dry up over the next few weeks as the market prepares for the summer break.

UBS made its first foray into the green bond market as an issuer on Monday, landing a €500m operating company deal at a level bordering on zero yield, which could embolden other lower spread issuers to follow. The visit to euros was paired with a seven year deal in the Swiss bank’s home market.

UK speciality fibres and plastics maker Essentra has launched a private placement in what is the second deal from a listed UK corporate to hit the market in a matter of weeks. Market sources say more corporates, including some utilities, are set to return to the instrument after a dry spell since the coronavirus pandemic began.