Banks

Eni, the Italian oil and gas company, got its chunky €2bn hybrid capital issue comfortably oversubscribed on Tuesday, after a similar success for Orange last week. Corporate bond investors are piling money into anything that offers higher returns.

Barclays announced pre-tax profits of £2.4bn on Friday, beating expectations thanks in part to its best ever quarter in equities, including derivatives and equity capital markets.

Greece was the only public sector borrower to announce a new benchmark transaction on Tuesday, picking banks to lead a new five year syndicated deal.

DNB Boligkreditt took advantage of strong market conditions to mandate leads for its second covered bond of the year on Tuesday.

Tiangong International, a China-based steel producer, is selling up to HK$890m in new shares through a top-up placement, according to a term sheet seen by GlobalCapital Asia.

Zuercher Kantonalbank is getting ready to become the first local Swiss bank to issue senior paper in euros, ahead of an important period in its funding schedule.

Erste Group Bank is lining up its first sustainability bond, as it looks to take advantage of a quiet period for new issuance and a recent back-up in rates.

Bank of Ireland Group was more than three times subscribed for a new tier two on Tuesday, as it followed its domestic peer AIB Group in applying a green label to the asset class.

Carbios, the French sustainable plastics company, has unveiled plans for a €105m capital raising to finance the next stage of its growth, with the backing of major shareholders.

Wickes Group, the UK do-it-yourself retailer, has signed an £80m revolving credit facility, as the company completes its postponed demerger from Travis Perkins.

Emmanuel Regniez has left his position as head of France investment banking and coverage at Citi to take up a co-head role at Bank of America, as the latter beefs up its presence in the country.

Germany’s Finanzagentur is holding calls with investors this week to sound out interest for a planned syndication of a 30 year green bond, the sovereign’s third and longest deal in the format.