Banks

LBBW enjoyed the euro limelight on Tuesday morning as it sold the week’s first senior deal from a European borrower, pricing a €500m eight year deal that peaked at more than three times covered.

UzAuto Motors, an auto maker owned by the Uzbek state, entered the dollar bond market on Tuesday for its debut deal.

Finnair has renegotiated the covenants on its €175m revolving credit facility, as the company endured a quarter of sizeable losses and increased its annual cost savings target for the third time since the coronavirus pandemic began.

TechnipFMC has completed the first placing of Technip Energies stock since its spinoff on the Paris bourse in February, boosting the freefloat of the company.

Chinese state-owned company Genertec Universal Medical Group has returned to the loan market to syndicate a $700m-equivalent deal.

Crédit Agricole has appointed a new head of MTNs and private placements for Asia Pacific, GlobalCapital Asia has learnt.

Crédit Agricole has appointed Edouard O’Neill as chief executive officer of its Hong Kong branch and head of structured finance for Asia.

AC Energy Corp, a Philippine renewable power producer, has kicked off a follow-on offering of primary and secondary stock, eyeing up to Ps12.4bn ($256.4m).

South Korea's Incheon International Airport Corp made its debut in the dollar bond market this week, issuing a $300m green bond.

The Republic of the Maldives has tapped its 2026 sukuk for an additional $100m, bringing the total deal size to $300m.

WuXi Biologics Holdings has raised HK$11.5bn ($1.49bn) after increasing a sale of shares in subsidiary WuXi Biologics (Cayman).

HSBC has appointed Jean-Manuel Richier as co-head of global banking and head of investment banking in continental Europe after the previous holder of the position, Hubert Preschez, left for M&A boutique Messier and Associés.