Banks

Redco Properties Group made its offshore renminbi denominated sustainable bond debut on Monday, raising Rmb600m ($93m).

Logan Group Co used the last of its offshore debt issuance quota to price a $300m green bond on Monday.

Chinese local government financing vehicle Linyi City Construction Investment Group Co nabbed $300m from an offshore bond on Monday.

Aldesa Group, a Spanish construction and engineering firm acquired by state-owned China Railway Construction Corp last year, is tapping the Asian loan market for a €150m deal.

Volkswagen Financial Services on Monday became the latest company to print a sterling bond through its euro curve, but supply for sterling investors is expected to remain limited.

United Medical Group, the Russian healthcare company, has launched an IPO on the Moscow Exchange, which is expected to raise more than $500m, according to a source close to the transaction.

Citi has moved to bolster its UK investment banking team by poaching James Ibbotson from Deutsche Bank, the second real estate investment banker to switch firms in a matter of days.

Canadian Imperial Bank of Commerce revealed the mandate on Monday for the first Canadian dollar covered bond of the year and the first to be issued in 144A format in over 12 months. Prospects for further issuance in the currency are promising.

The EU on Monday announced the mandate for its second jumbo Next Generation EU deal, which includes four banks who were suspended for the first transaction for violating antitrust rules.

The IPO of Yahsat, the Abu Dhabi satellite company, will be the largest flotation in the United Arab Emirates for almost four years, according to terms published on Sunday.

National Australia Bank priced an €850m seven year Australian covered bond on Monday, comfortably inside recent deals from New Zealand and opted against issuing a larger deal size at a wider spread. At the same time, Credit Emiliano mandated leads for another euro benchmark.

Speculative grade Italian lender Illimity is getting ready to issue its first tier two bond, having mandated leads on Monday to arrange a sub-benchmark subordinated deal.