Banks

Two European animal healthcare companies have announced their intention to float in recent days. Bankers hope that the fast growing sector will offer something different in a crowded pipeline of new stockmarket listings in the region.

DNB Bank has become the latest European name to tap the Japanese market, ending a seven year absence with a semi-private club deal.

Germany’s BMW sold two Panda bonds in China’s interbank market on Thursday, tapping onshore liquidity with a publicly syndicated deal for the first time. The transaction was also a rare public outing from a ‘real’ Panda issuer.

Yankee borrowers found swift execution and deep liquidity as they peppered the dollar market this week, with ABN Amro and Svenska Handelsbanken each printing debut non-preferred senior trades in the currency.

China Development Bank has returned to the offshore renminbi market, raising Rmb2.5bn ($391m) from a three year bond.

Indian company ONGC Videsh has mandated four banks for a $500m fundraising, which is likely to be syndicated next month.

Shanghai MicroPort MedBot (Group) Co, which designs and develops surgical robots, is getting ready to list on the Hong Kong Stock Exchange.

Bank of Communications Financial Leasing Co used a sustainability label for its new $500m three year bond.

Chinese local government financing vehicle Ganzhou Jiankong Investment Holding Group Co sold a $270m bond on Thursday.

UniCredit has made a new senior hire in Asia to lead its client activities for South Korea.

Deutsche Bank has hired two former Barclays bankers to support its China business.

Bank of America has set up an EMEA ESG strategic council chaired and led by three senior investment bankers, to intensify its effort to reduce its carbon footprint and manage its climate risks. BofA made a net zero commitment in February but has not yet set out its decarbonisation trajectory.