Barclays

Caisse d’Amortissement de la Dette Sociale (Cades) and the International Development Association set new size records this week, with the former bringing the biggest ever social bond in dollars and the latter issuing its biggest ever bond since entering the capital markets in 2018.

The Asian Infrastructure Investment Bank (AIIB) and the New Development Bank (NDB), two new supranational borrowers focused on the emerging markets, are preparing to issue new dollar bonds to support their member states in the fight against the pandemic.

Nvidia, the US technology company, has agreed to buy UK chipmaker Arm Holdings for up to $40bn in cash and shares, while UK security firm G4S is fighting a £3bn hostile bid from Canadian rival GardaWorld, as the coronavirus pandemic brings out buyers.

Falck Renewables, the Italian renewable energy company, has issued a €200m green convertible bond, joining the swathe of companies that have moved into the asset class recently.

Qatar’s largest bank, Qatar National Bank (QNB), has raised the country’s first green bond, in a deal that achieved a new issue discount while diversifying and expanding the issuer’s investor base.

Novartis, the Swiss pharmaceutical company, is set to join the nascent sustainability-linked bond market this week after mandating banks for a trade and investors will have another chance to pick up crossover rated debt in a deal from forklift truck maker Kion Group.

French agency Cades and the International Development Association returned to the dollar market for the first time since the summer break on Tuesday to bring a pair of five year socially responsible deals.

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.

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

China National Chemical Corp (ChemChina) made a splash in the bond market this week with a dual currency five-tranche deal that raised close to $3bn.

French agency Cades will debut its social bond framework in dollars on Tuesday, less than a week after it raised the largest ever bond in the format with its inaugural issue in euros. It will share the market with the International Development Association (IDA), which is preparing to kick off its 2020/21 funding year with a sustainable development benchmark of its own.