Banks

Zhenro Properties Group visited the offshore bond market for the fourth time in 2021 this week, adding another $340m to its coffers.

While strong issuance so far this year has given rise to expectations that the European securitization market’s recovery could accelerate in the second half, 2021 is not just a rebound story. Investor demand and regulatory change are also driving new developments and innovations, say BNY Mellon’s Paul Crossley, senior business development, principal, EMEA, and Michela Sperandio, head of business development, Italy.

UBS has hired a new co-head of equity capital markets for Asia, with Zili Guo returning to the bank after five years.

Santander has hired Abraham Douek from Citi to lead its coverage of financial institution and SSA clients within debt capital markets.

Europe’s corporate bond market was again dominated by ESG trades on Tuesday but the influx of green and socially conscious deals in recent weeks means that investors have become increasingly picky about what they buy.

Bank of Montreal attracted good demand for a €1.25bn eight year covered bond on Tuesday and paid a modest new issue concession. The outcome was deemed a fine result given that market conditions are not at their best.

NatWest Markets will post two SSA bond bankers to Paris this summer, including the head of its frequent borrower group syndicate.

Bank borrowers were making good use of a narrow issuance window this week, drawing on the support of smaller sized but higher quality order books to command tight pricing in euros.

Swedbank was looking to price its first sterling green bond on Tuesday, as foreign funders find plenty of reasons to diversify into the currency.

BBGI Global Infrastructure, a London-listed infrastructure investment company, has become the latest company from its sector to refinance its main bank line, with the company planning to use the funds for major transactions and acquisitions.

French digital music company Believe has fixed the terms for its €300m IPO on Euronext Paris, after scaling back the deal size amid a challenging market for new stockmarket listings in Europe.

Crédit Agricole has appointed a new head of sustainable banking for Asia Pacific.