Banks

Société Générale has added to the recent trend for green deals in the FIG market by launching a €1bn 'positive impact' bond, backed by €5bn of demand.

The Africa Finance Corporation, the pan-African development finance institution (DFI), has mandated a pair of banks to lead its first ever green bond issue, which it will sell publicly into the Swiss franc market.

Altice France is marketing a €900m equivalent eight year bond across dollars and euros, coming hot on the heels of Friday’s announcement that Patrick Drahi, the billionaire owner of the telecoms group, was trying to take Altice Europe private.

Munich Re was able to attract €5.7bn of orders for a new tier two on Tuesday, its first in green format. The issuer printed the deal through fair value using the momentum gained through the books.

NatWest launched a new tender offer this week for four of its subordinated bonds, all of which are soon set to lose their value as regulatory capital.

HSBC Holdings is issuing a new senior bond while offering to buy back some of its existing securities, less a month after completing a very similar liability management exercise in the dollar market.

GardaWorld, the Canadian security service company, has made a hostile £3bn offer for larger UK rival G4S, marking the second major bid for a UK company from a North American firm in less than a week.

Apollo Global Management has monetised another chunk of its stake in Watches of Switzerland, the UK luxury watch retailer that was listed on the London Stock Exchange last year.

Anita McBain, head of responsible investment and environmental and social governance at M&G Investments, is joining Citi as head of ESG research for Europe, the Middle East and Africa.

Meriem Smida and Christine Coudray have been given new coverage jobs at Natixis, as global head of financial sponsors coverage and global head of banks and international public sector (BIPS) coverage respectively.

Bank of China printed Asia’s first blue bond on Monday, with plans to use the roughly $940m raised to benefit ocean-related sustainability projects.

Bonds sold on Monday by Chinese conglomerate Dalian Wanda Group Co and property developer Logan Group Co have underperformed in the secondary market.