Banks

UP Fintech Holding has launched a follow-on offering of new American depositary shares (ADS) worth around $173.5m.

Deutsche Bank has hired a new head of global emerging markets business in Pakistan.

JP Morgan has named Cindy Xu as head of fintech investment banking for Asia, the latest move to expand the firm's regional technology team.

Cambodian company NagaCorp navigated the difficulties posed by the closure of its casino to raise $200m on Monday, tackling investor questions and concerns while building up its cash reserves.

Two issuers in Europe’s high grade corporate bond headed to the short part of their curves on Monday as inflation worries continue to rattle the market ahead of the European Central Bank meeting on Thursday.

Buyers piled into a debut sustainability-linked bond from Italian oil major Eni on Monday, despite there being some pushback from investors over higher polluting issuers coming to the ESG markets.

CPPIB Capital sold its first public Sonia floating rate note on Monday, with Oesterreichische Kontrollbank set to be the next public sector borrower to hit the sterling market after mandating banks for a long four year fixed rate benchmark.

Piraeus is set to become the first Greek bank to print an additional tier one (AT1) bond — the next step in its capital plan after the closing of its €1.4bn equity raise last month.

Swedish Covered Bond Corporation’s (SCBC) benchmark eight year deal, syndicated on Monday, was slow to build and, even though the final spread looked fine, the process clearly showed that investors are reticent to buy deals at prevailing levels.

Lloyds Banking Group became the latest name to wade into a rampant subordinated sterling market this week, pricing a £500m tier two note on top of fair value.

American insurer Equitable is set to sell its first funding agreement-backed (FAB) note in euros, almost one year after it launched its FAB programme.

Ecobank Transnational is planning to debut in the sustainability bond market as Kuwait's Ahli United Bank prepares to enter the market for a sukuk. Emerging market issuers are continuing to flood the market amid concerns from some about the Federal Reserve tapering its asset purchase programme.