Banks

BNP Paribas has made two appointments to its global markets team in Asia Pacific.

SMBC Nikko has hired another official from Commerzbank as it builds up its bond business in Europe.

Frasers Logistics & Commercial Trust kicked off a one day follow-on offering of new stock on Monday, aiming to raise at least S$299.8m ($225.3m).

South African bank Investec is inviting Asian lenders to join a $450m sustainability-linked loan that is being syndicated globally.

Credit Suisse has appointed Alois Müller as head of private and alternative markets for Asia Pacific, a newly created position, according to an internal memo seen by GlobalCapital Asia.

UniCredit will skip a coupon on one of its legacy capital instruments this month, after stating that a net loss in 2020 means it no longer needs to make the payment. Investors were surprised by the decision, which many saw as a U-turn.

HSBC raised A$500m ($388m) on its return to the Australian dollar bond market on Thursday, securing a "fantastic" result by offering a pick-up over local bank bonds.

Metropolitan Life ended an almost 12 month absence from euros this week as the insurer raced towards what could be its busiest year since 2019.

Brussels jumped into the long end this week, printing the longest MTN in over a month.

The city of Moscow is set to issue green bonds within the week, following the sovereign’s return to the Eurobond market on Thursday. The issuer is seeking foreign investor interest in its rouble-denominated green debut.

Mondadori Group, the Italian book and magazine publisher, has signed €450m of loans from four banks, with the borrower slashing 25bp off the margin as competition to lend to mid-caps soars in Europe.

hGears, the German maker of precision gears for e-mobility, kept its head above water in trading on Friday after the company’s €173m IPO on the Frankfurt Stock Exchange, against extremely difficult market conditions.