Banks
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EQT achieved a strong response from investors on Friday when it launched the first sustainability-linked bond from a private equity firm, and only the second from a financial company. The €500m deal is tied to greenhouse gas emission cuts and gender diversity metrics.
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Crédit Agricole emphasised high levels of activity in syndicated loans and fixed income, especially among French clients, as it revealed a strong set of quarterly earnings on Friday. -
CPPIB Capital made its debut in South African rand this week with an ‘old school MTN’ at the short end of the curve.
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Banque Internationale à Luxembourg issued its first tier two capital bond for almost five years this week, opting for a private sale.
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Belgium dropped into the long end of the euro curve to place a 100 year bond this week – its first private placement for seven months.
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UBS has revamped its management of sustainability and appointed Michael Baldinger as chief sustainability officer. Last month it named Suni Harford, president of UBS Asset Management, as group executive board sponsor for sustainability and impact.
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Erste Group Bank found success when it paired a sustainable label with the senior preferred format on Friday, attracting a high quality granular order book despite pricing several basis points through fair value.
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The Warsaw IPO of Canal+ Polska, the Polish satellite TV network, has been postponed. The deal is the latest victim of Europe's binary IPO market.
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Ceconomy, a German consumer electronics company, has signed a €1.06bn revolver linked to sustainability metrics, becoming the latest corporate to repay state support loans taken out during the worst of the coronavirus pandemic.
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Property developer and manager Kaisa Group Holdings has raised HK$2.59bn ($332.97m) from shareholders of its Hong Kong listed stock, to be partly used to fund an acquisition.
