Banks

Large global systemically important banks (G-SIBs) showed the primary market was still in good shape on Monday, despite recent volatility. Bank of America added to a recent funding spree with a three-part euro deal, while Credit Suisse tested euros and sterling amid close scrutiny of its investment banking exposures.

Crédit Agricole CIB has conducted what it believes is a unique green bond issue for its Taiwan branch, in which the issuer, investors and underwriters have together made a “solidarity” payment to a charity, Plastic Odyssey, which works to remove plastic pollution from the oceans.

South African lender Absa has mandated banks for an additional tier one dollar offering. Absa is the latest domestic bank to enter international debt markets despite the absence of the sovereign.

Grünenthal, the German opioid maker, has signed a €400m revolving credit facility, less than a month after making its postponed debut in the high yield bond market.

Île-de-France Mobilités, the state-owned authority for public transport in the Île-de-France region, is set to make its first trip to the green bond market. The borrower intends to use green bonds for around 60% of its financing needs until the end of 2025.

Citi has promoted Ignacio Gutiérrez-Orrantia to head of EMEA banking, capital markets and advisory, replacing Phil Drury, who is relocating to San Francisco to oversee technology and communications investment banking.

Punjab National Bank has raised Rp18bn ($246.1m) after issuing a block of new shares. The deal drew strong demand from a handful of foreign and domestic financial institutions.

Chinese state-owned Sinochem Group, an oil and chemicals company, has returned to the loan market after one year for a $500m deal.

Three Chinese companies decided to tackle their refinancing needs on Monday with new bonds, grabbing a short issuance window ahead of a public holiday in Hong Kong and some other Asian markets on Wednesday.

JD Logistics has rolled out its long-awaited HK$26.5bn ($3.4bn) listing in Hong Kong, set to be the city’s largest IPO since the beginning of the year.

Taiwan’s Quanta Computer is seeking an amendment and extension of an old dollar loan maturing this year.

JP Morgan has appointed a new head of financial institutions group (FIG) investment banking coverage for Australia and New Zealand, according to an internal memo seen by GlobalCapital Asia on Monday.