Banks

VPBank Finance Co, the consumer finance arm of Vietnam Prosperity Joint Stock Commercial Bank, has exercised the greenshoe option to increase the size of its loan to $170m.

Chinese electric vehicle manufacturer Xpeng is selling a chunk of new American Depository Shares (ADS) to fund research and development and further expansion.

Hong Kong’s personal loan provider, United Asia Finance, has returned to the market for its annual borrowing. It is seeking a HK$1.2bn ($154.8m) facility.

Samhallsbyggnadsbolaget i Norden (SBB), the Swedish social property company, has hired banks for €1bn of new deals made up of a hybrid note and debut social bond, as risk appetite remains strong even heading into the middle of December.

Moncler, the Italian luxury jacket maker, has agreed to buy smaller domestic rival Stone Island in a €1.15bn cash and share deal, as corporate bankers expect cheap debt and Covid-19 recovery to create many M&A opportunities.

The FIG pipeline has slowed to a drip, with the upcoming ECB meeting and Brexit talks bookending what could be the last week of open windows for issuance.

Ascopiave, the Italian natural gas distribution company, has signed a sustainability-linked loan, weeks after the issuer announced its debt pile had increased by a third in a year.

Fadi Abuali and structured finance banker Zaid Khaldi are set to replace Wassim Younan and head up the Middle East and North Africa region for Goldman Sachs.

Impala Platinum Holdings, the South African platinum mining company, has launched a tender offer for half its outstanding rand-denominated convertible bonds.

European banks will have longer than expected to correct the fallback language in their dollar-denominated additional tier ones (AT1s), now that dollar Libor has been given an extra 18 months to live.

UBS’s head of Asia equity capital markets Peihao Huang has resigned from her position. She will join JP Morgan’s ECM team, GlobalCapital Asia understands.

Harbour Biomed has pocketed HK$1.71bn ($220.8m) by pricing its IPO just above the mid point of the marketed range.