Banks

The European Union on Monday announced the mandate for its final Support to Mitigate Unemployment Risks in an Emergency (SURE) transaction of the first quarter, which will raise up to €13bn across the two tranches.

Trafigura, one of the world’s largest commodity traders, has completed its European bank facility refinancing to add sustainability-linked targets to its debt, a month after the company made its debut in the Schuldshein market.

The UK Debt Management Office on Monday chose the banks to lead the sale of its second sukuk via syndication. Like the sovereign’s debut sukuk in 2014, none of the UK’s Islamic banks are included on the mandate.

Linklogis has begun drumming up demand for its Hong Kong listing, after winning approval from the city’s stock exchange.

Natixis has hired Sanjeev Kumar as its new senior country manager for Singapore, as well as head of southeast and south Asia corporate and investment banking.

Zhihu has kicked off the roadshow for its US listing. The Chinese company is aiming to raise up to $632.5m from the public market, and a further $250m from a handful of high-profile investors through private placements concurrent to the IPO.

The Republic of the Maldives, which took a big hit to its tourism-reliant economy last year due to the pandemic, announced a tender and new money offer on Monday, returning to the dollar bond market after a three year hiatus.

Danish firm Nykredit Realkredit tapped the MTN market for non-preferred paper this week ahead of a deadline for regulatory debt buffers next year. Elsewhere, Alandsbanken issued its first additional tier one (AT1) note.

Milcobel, the Belgian dairy cooperative, has signed €166m in term and revolving credit facilities. The company has become the latest to refinance crisis debt taken out during the depths of the coronavirus pandemic.

Atotech, a UK speciality chemicals technology company, has followed up its IPO last month with a $1.84bn-equivalent loan refinancing, with some of the money earmarked for acquisitions.

Delhi International Airport (Dial) had to pay a hefty premium for its $450m green bond amid investor concerns about market volatility and the state of the travel industry.

Krung Thai Bank Public Co (KTB) sold a Basel-III compliant additional tier one bond this week, ending a seven-year break from the international dollar debt market to bag $600m.