Banks

Ascendas Reit, Singapore’s largest listed business space and industrial real estate investment trust, mandated banks for a debut Eurobond on Thursday, with some analysts saying that the debt markets are underpricing risk for office operators.

Georgian Railway steamed into the green bond market on Thursday, raising a benchmark dollar bond.

Latin American supranational Corporación Andina de Fomento (CAF) has become the first borrower from the region to sell paper linked to Sofr.

ANZ dropped into the sterling market this week in search of tier two paper, which will help it meet its total loss-absorbing capacity (TLAC) requirements. With the TLAC deadline fast approaching, Australian firms are expected to make use of the attractive funding conditions to ramp up their subordinated issuance.

Basic Fit, the Dutch operator of low-cost gyms, has issued a €303.7m convertible bond as it prepares for growth opportunities following the reopening of all of its fitness centres this week following more than a year of lockdowns caused by the pandemic.

The German state of Hesse was marketing its new green bond framework this week ahead a of a debut deal in the format.

Agricultural Bank of China sold a multi-currency deal through its Hong Kong branch this week, raising $1.322bn.

The Instituto de Crédito Oficial, Spain’s promotional bank, is holding a series of investor meetings to promote a new green bond.

South Korea's KEB Hana Bank found a stronger response than expected for its sustainability bond this week, allowing it to raise $600m.

A trio of foreign banks tapped an attractive Swiss market this week, finding opportunities to top up their well-advanced funding programmes with a bit of pricing arbitrage.

WH Group has turned to banks for about $1.25bn to fund a share buy-back, as the world’s largest pork company takes advantage of attractive market conditions to raise a new loan. Unlike its acquisition fundraising eight years ago, which received plenty of criticism and pushback from lenders, the market’s response this time around is different — despite some initial confusion, writes Pan Yue.

Nomura has ambitious plans to boost its advisory and capital markets businesses as part of a full-throated commitment to international investment banking, writes David Rothnie.