Banks

China-based Energy Monster, a mobile device charging company, has kicked off the roadshow for its Nasdaq listing. It is eyeing up to $218.7m from the deal.

Deutsche Wohnen continued the seemingly insatiable drive for debt from European investment grade real estate companies on Monday, while Canary Wharf lined up its debut green deal to come as soon as Tuesday.

The Restaurant Group, the owner of multiple UK dining brands including Wagamama and Frankie & Benny’s, has completed a £175m capital raising, with a high take up from shareholders.

Banque Fédérative du Crédit Mutuel (BFCM) kicked off FIG issuance in the last week before Easter, dropping into the euro market to print a new five year preferred deal.

HSBC UK Bank plc has set up a UK covered bond programme which, in contrast to its previous one, sits inside its ring-fenced entity and is likely to be used for distributed issuance.

Axa is lining up its inaugural green deal in tier two format, becoming the latest financial borrower to combine a subordinated bond with an ESG label.

Qatari telecommunications company Ooredoo started investor calls on Monday for a conventional dollar bond after a five year hiatus from the market.

The Republic of Ghana entered the bond market on Monday to sell a multi-tranche dollar bond, which some market participants have called “ambitious”. Some believe the issuer is putting size before price as it tries to locate funding for its 2021 budget.

BNP Paribas has leapfrogged JP Morgan to become the top bookrunner in EMEA loans this quarter, with the French bank almost doubling its market share. But this increase has yet to play out in the bank’s bond bookrunning activities in the region.

CNP Assurances found favourable pricing in dollars this week, when it ventured into the Reg S market for its second sale of restricted tier one (RT1) capital.

JP Morgan has appointed two new co-heads of EMEA equity syndicate to replace Lorenzo Soler, who moved back to the US to run the bank’s Americas syndicate desk. One is an internal hire and the other joins from Deutsche Bank.

Two red chip issuers, China Mengniu Dairy Co and Hengan International Group Co, sold renminbi-denominated Panda bonds in China’s interbank market at the end of last week. Both the firms opted for short tenors.