Banks
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UniCredit’s German subsidiary, HVB, is expected to open order books for a 10 year benchmark on Tuesday. With swap yields currently just positive, the deal has a slim chance of offering a positive return. -
Workspace Group, the UK office space company, is marketing a green sterling bond as its debut in the public fixed income market, marking the second time a UK company has made this “very rare” choice in less than a year.
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European banks have been busy in the credit markets in 2021, despite fears that rising deposits and cheap central bank money would eat away at issuance volumes. Sales have been boosted by a sharper focus on senior debt and a pivot towards dollar transactions.
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Intermediate Capital Group Enterprise Trust, a UK private equity investor, has signed a €200m loan facility, a month after the company’s parent refinanced its sterling facility.
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Trustpilot, the global review platform, has announced plans for an IPO on the London Stock Exchange, continuing the strong run of tech IPOs in Europe.
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Malaysian rubber glove manufacturer Top Glove Corp is aiming to raise up to HK$14.95bn ($1.93bn) from a dual primary listing in Hong Kong.
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Singapore real estate company United Industrial Corp has raised a $300m loan comprising both green and sustainability-linked tranches, adding further momentum to the nascent asset class in Asia.
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Tuya, an internet-of-things cloud platform provider, is eyeing around $100m from an IPO of American depositary shares (ADS).
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HSBC has names Christina Cheah as head of global banking for Malaysia.
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DBS Group Holdings has named a new Malaysia head and made a senior appointment in Singapore.
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Barclays is to face a second shareholder resolution on its response to climate change at its annual general meeting in May, urging it to set more ambitious targets to phase out financing of fossil fuels.
