Banks

Lagfin, a vehicle that manages the investments of the billionaire Garavoglia family, has issued a €330m bond exchangeable into iconic Italian drinks maker Campari, as part of a move to shift the historic company’s domicile to the Netherlands.

AMS, the Austrian sensor maker, failed on Friday to complete its €1.3bn bond issue in euros and dollars, and has been forced to postpone it a second time. The deal was originally priced on Thursday afternoon but execution was then halted by a rash of news reports at around the same time, alleging that its executives were being investigated over trading in the company's shares.

A host of Chinese issuers filed IPO applications with Hong Kong’s stock exchange this week as they rushed to get their documents in before the end of the quarter.

Chinese education company New Oriental Education & Technology Group has sold its maiden dollar bond shortly after receiving its first credit rating.

Swiss Re debuted in Asia this week with a S$350m ($251.67m) bond that established the European reinsurer in the Singapore market. It also paved the way for more issuance from the firm.

Cambodian casino company NagaCorp sold a new dollar bond – and only the second from the country – this week, raising $350m.

China Aoyuan Group used up the last of its debt issuance quota this week to raise $460m from the bond market.

CNQC International Holdings, a real estate developer, is tapping the Hong Kong market for a $150m club loan

A spike in Covid-19 infections brought a darker mood to the US corporate bond market this week and has slammed the brakes on months of record-breaking issuance.

A worsening in credit conditions has squeezed some borrowers across EMEA out of syndicated loans and into the bilateral market. As syndicated loans bankers face another year of disappointing figures, market players are split over whether this trend will leave a more permanent dent in volumes. Mariam Meskin and Jon Hay report.

Interdealer broker TP ICAP has hired Holden Sibley, formerly of Barclays, to lead FX Hub, its FX platform.

European banks jumped into the US dollar market this week, with some issuers clocking up huge savings in the currency versus what their home markets could offer.