Banks

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.

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.

Three regular dollar bond issuers from China were the first out of the gates to tap investors on Thursday following a long holiday in the Mainland.

Golden Energy and Resources drew in investors with an 8.875% yield on its bond on Thursday, allowing the mining company to raise $285m.

KB Kookmin Card raised $300m from its debut in the offshore dollar bond market this week, using a sustainability-labelled deal to add further momentum to the asset class.

BOC Aviation has raised $250m from a tap of bonds sold just last month, finding solid support from US investors for its comeback.

China Nonferrous Mining Corp has raised HK$990m ($127.5m) from the sale of a chunk of shares, offloaded following a surge in its stock price.

Green bonds took centre stage in the US corporate bond market this week, as issuance began to mount again after the recess for earnings blackouts. No less than three deals paired green and conventional tranches.

European banks began to access the dollar market this week following first quarter earnings, while JP Morgan stole the show on Wednesday with a record low coupon for a preferred note.

Barclays' first senior euro deal for more than a year has allayed any fears over British risk as the borrower raised €2bn on Wednesday. The bank was joined in the senior market by another rare name, Kommunalkredit Austria.

Emirates telecom provider Etisalat landed in the euro market with a bond on Thursday, raising €1bn across two tranches in a currency that is fast becoming a home for EM borrowers.

The demand for sustainability-linked bonds was made clear on Thursday, as French minerals company Imerys’s deal commanded more than double the demand of Swedish property firm Sagax’s conventional trade, despite sharing big similarities.