Banks

Bank borrowers returned to a stronger euro bond market on Tuesday, but deal arrangers warned of lingering concern over rates and inflation as KBC Group struggled to draw a crowd for a long-dated offering.

Plymouth Community Homes, a UK social housing landlord, has signed a £65m loan facility, as real estate-linked borrowers continue to be some of the most frequent users of the debt markets.

China’s state-owned Zijin Mining Co is once again attempting to boost its relationship with international banks with a new $500m loan in syndication.

Debut Chinese borrowers are steadily returning to the dollar loan market, taking advantage of economic recovery in the country to raise money to finance their capital expenditure.

Country Garden Services Holdings rode on strong institutional investor demand to raise $2bn from a combined equity placement and convertible bond issue this week.

Frasers Logistics & Commercial Trust has raised S$335.8m ($253.05m) after pricing a placement of new units at the top of the marketed range.

Three Chinese borrowers and one Hong Kong issuer hit the international bond market on Monday, getting ahead of a pick-up in deal flow expected in the rest of the week.

Europe’s high grade corporate bond market began this shortened week for issuance with an ESG focus, as Australian engineering company Worley mandated for its debut sustainability-linked bond and UK housing association Notting Hill Genesis began marketing a sustainability deal.

Digital 9 Infrastructure, the UK investment trust focused on digital assets, has launched its first follow-on offering of stock since its £300m IPO on the London Stock Exchange in March.

UBS was set to issue three tranches of dollar debt through its operating company on Monday, as it sought to tap into a strong pool of demand for short-dated bank issuance.

HICL Infrastructure, a London-listed infrastructure investment company, has refinanced its £400m revolving credit facility, with the company shifting the benchmark to risk-free rates and adding five sustainability metrics.

Volatility subsided amid a series of public holidays in Europe on Monday, raising hopes for a busier week of bank bond supply.