Banks

Rentenbank is moving forward with its plans to issue a debut euro green benchmark bond following a series of investor meetings over the past few weeks.

Burberry, the UK fashion house, was bang on trend on Monday with its debut bond in sterling, showing that rampant demand exists across currencies for sustainability-themed debt.

Coventry Building Society was unable to tighten its pricing for a new senior bond in the sterling market on Monday, as UK credit spreads widened on the back of the latest Brexit developments.

Munich Re and Unipol Group are lining up new green bond transactions for this week, as they look to replicate the success of similar deals and gain a ‘pricing advantage’ in the market.

The Republic of Bulgaria has mandated banks to arrange a dual tranche bond in euros, making it the latest sovereign to add to the swelling supply from the central and eastern European (CEE) region.

Goldman Sachs has appointed Christopher Droege and Chris Emmerson as co-heads of cross markets and sponsor M&A for Europe, the Middle East and Africa.

Epic Suisse, the Swiss real estate company, has unveiled plans for an IPO on the SIX Swiss Exchange to raise capital to fund future development projects and repay debt.

A senior investment banker has left HSBC to join Bank of America as part of its China leadership team.

US-listed Zai Lab and ZTO Express (Cayman) are set to launch secondary offerings in Hong Kong. Both the companies filed their final listing documents with the city’s bourse.

China Traditional Chinese Medicine printed a Rmb1bn ($146m) 270-day super short-term Panda bond last Friday. The issuer opted for a short tenor due to the difficult onshore debt market conditions.

Bank of China rolled out a dual-currency blue bond on Monday, making it the first borrower in Asia to market a marine sustainability transaction.

PCGI and PCGI Intermediate Holdings (PCGII) are seeking approval from bondholders for a consent solicitation triggered by a corporate restructuring.