Banks

Two local government financing vehicles from Jinan, a city in China's Shandong province, hit the bond market on Wednesday. They raised $380m between them.

Former JP Morgan banker Luke Lee has joined Sumitomo Mitsui Banking Corp’s Hong Kong office in a senior position.

Two Chinese borrowers, Beijing Construction Engineering Group and CPI Ronghe Financial Leasing, have closed syndication for their loans.

CPI Ronghe Financial Leasing, a subsidiary of Chinese state-owned State Power Investment Corp, has increased its loan size to $250m.

UEP Penonomé, the company behind Panama’s first wind farm, turned to bond markets for the first time on Wednesday for a $262.664m senior secured amortising bond.

Singapore-based consumer internet company Sea, whose New York-listed shares have soared by more than 400% this year, is looking to take advantage of that positive sentiment to raise around $2bn from a new equity offering.

Aroundtown, the Luxembourg-listed real estate company, maintained the trend for negative premiums in December’s buzzing corporate bond market, but syndicate bankers say that any disappointment from the European Central Bank when it meets tomorrow could slam the issuance window shut.

The Kingdom of Morocco sold a triple-tranche dollar deal on Tuesday, which bankers say was a successful attempt to enter into a rarely tapped market upon investors’ requests.

The European Central Bank is expected to announce an extension to its Targeted Longer Term Refinancing Operations (TLTRO III) on Thursday, with this week's meeting long flagged as one for action. Any extension to either the duration of the programme or the minus 1% special interest period will ease the pressure on banks to repay borrowed funds early next September.

Deutsche Bank is joining the ranks of banks that tie their top managers’ bonuses to sustainability targets, highlighting the fact that there is great variety in how this is done among leading investment banks.

ESR Kendall Square real estate investment trust is set to debut on South Korea’s main board this month, having wrapped up the final stage of a W357bn ($329m) IPO.

Goldman Sachs is leading the race to fully own a Chinese securities company. It has agreed to buy all the outstanding shares in its 16-year old joint venture, Goldman Sachs Gao Hua Securities, from its onshore partner.