Banks

ING Group showed credit investors are hungry for extra yield on Wednesday, as it proved popular with a new tier two deal paired with a green label.

Dometic Group, the Swedish maker of appliances for boats and camper vans, has successfully completed a Skr3.35bn (€331m) M&A financing.

Commodities brokerage Marex Group has opened the books on its £100m plus IPO on the London Stock Exchange.

An unnamed shareholder has raised HK$2.65bn ($341m) from a sale of shares in Evergrande Property Services Group, sending the stock into a downward spiral on Wednesday.

Aluminium producer China Hongqiao Group has raised $500m from a bond that appealed to investors for its ‘surprisingly generous’ premium on offer.

Medical device maker MicroPort Scientific Corp has made its first visit to the equity-linked market, raising $700m from convertible bonds. A recent rally in the Hong Kong-listed issuer's share price meant it had to assuage price-sensitive investors, but still ended up seeing strong support for its deal.

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.