Banks

Three Chinese borrowers and one Hong Kong issuer hit the international bond market on Monday, getting ahead of a pick-up in deal flow expected in the rest of the week.

Europe’s high grade corporate bond market began this shortened week for issuance with an ESG focus, as Australian engineering company Worley mandated for its debut sustainability-linked bond and UK housing association Notting Hill Genesis began marketing a sustainability deal.

Digital 9 Infrastructure, the UK investment trust focused on digital assets, has launched its first follow-on offering of stock since its £300m IPO on the London Stock Exchange in March.

UBS was set to issue three tranches of dollar debt through its operating company on Monday, as it sought to tap into a strong pool of demand for short-dated bank issuance.

HICL Infrastructure, a London-listed infrastructure investment company, has refinanced its £400m revolving credit facility, with the company shifting the benchmark to risk-free rates and adding five sustainability metrics.

Volatility subsided amid a series of public holidays in Europe on Monday, raising hopes for a busier week of bank bond supply.

BNP Paribas has made two appointments to its global markets team in Asia Pacific.

SMBC Nikko has hired another official from Commerzbank as it builds up its bond business in Europe.

Frasers Logistics & Commercial Trust kicked off a one day follow-on offering of new stock on Monday, aiming to raise at least S$299.8m ($225.3m).

South African bank Investec is inviting Asian lenders to join a $450m sustainability-linked loan that is being syndicated globally.

Credit Suisse has appointed Alois Müller as head of private and alternative markets for Asia Pacific, a newly created position, according to an internal memo seen by GlobalCapital Asia.

UniCredit will skip a coupon on one of its legacy capital instruments this month, after stating that a net loss in 2020 means it no longer needs to make the payment. Investors were surprised by the decision, which many saw as a U-turn.