Banks

French insurer Axa issued its inaugural green tier two bond on Wednesday and attracted a peak order book of more than €3.4bn for the €1bn deal.

Macquarie Bank paused its sterling return on Wednesday morning, the day after it announced the deal.

Subordinated debt investors are scrambling to understand what the collapse of US hedge fund Archegos will mean for Credit Suisse. A heavy loss would undermine the bank’s capital cushion, which protects its additional tier one coupons.

Huatai Securities Co was back in the dollar market on Tuesday, marketing a dual tranche transaction more than a year after its last dollar sale.

Enel has signed a €1.35bn sustainability-linked loan guarantee facility, the latest in a series of debts it has tied to its ability to increase renewable energy capacity.

AIA Group sold its second tier two dollar bond on Tuesday, coming to the market after Hong Kong's new issuance regulations came into effect.

The Islamic Republic of Pakistan marketed its first dollar bond in more than three years this week, following the return of the country’s IMF programme. The triple tranche transaction raised the south Asian country $2.5bn — and proved its resilience in the face of the pandemic. Morgan Davis reports.

Gulf corporates Ooredoo, Nogaholding and Arabian Centres sprung into the bond market this week, defying revived market volatility to raise dollar funding. The string of corporate issuance follows a similar streak from the region’s FIG issuers last week.

An undisclosed seller has offloaded a Sfr90.7m stake in Galenica, the Swiss retail pharmacies company, through an accelerated bookbuild on Tuesday evening.

Property company China Jinmao Holdings Group sold its second dollar bond of 2021 on Tuesday, raising $600m from a five year note.

Hong Kong conglomerate Jardine Matheson Holdings made its entrance to the dollar market with a dual tranche transaction on Tuesday, part of the group's efforts to delist one of its units.

Nordgold, the Russia-headquartered gold mining company, has become the latest borrower from the country to enter the green financing market after it raised an ESG-linked syndicated loan.