Barclays

Irish Residential Properties REIT (Ires Reit) has bumped up the size of its bank facility to €600m, as the residential rental accommodation investor moves ahead with an acquisition.

Lloyds Banking Group found room to tighten pricing by 50bp for a new additional tier one (AT1) this week, though investors are having to second guess what a new prime minister in the UK might mean for the country’s approach to Brexit. At the same time Barclays added to its recent activity in the subordinated bond market, opening books on a tier two on Thursday.

Electrocomponents, an industrial and electronics distributor headquartered in London, has entered the US private placement market to refinance existing notes, according to sources in the market.

It took just over two hours on Wednesday morning for the IPO of Trainline, the UK transport booking website, to get covered after the company opened the books on its £630m IPO on the London Stock Exchange.

India’s Power Finance Corp sold a $1bn dual-tranche deal on Tuesday, its first offshore bond outing since its acquisition of REC at the end of March.

Barclays said on Monday that it has made Stephen Dainton permanent global head of markets, a position he took up on an interim business after a reorganisation of the investment bank in March.

Two Chinese property companies raised a combined $485m at the end of last week ahead of the holiday weekend in Hong Kong.

A managing director from Barclays' leveraged finance syndicate desk is leaving the bank.

Bank of New Zealand (BNZ) gave investors the chance to put some euros into a senior bond on Friday and was well subscribed for its efforts.

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The buyout loan backing Advent’s acquisition of Evonik’s methacrylates business has struggled in the first round of syndication, with leads increasing the OID and targeting the wide end of guidance.

Barclays Capital was looking to issue an additional tier one bond denominated in sterling on Thursday. The deal came after Banque Fédérative du Crédit Mutuel issued a tier two instrument on Wednesday. Both took advantage of an upswing in market conditions for subordinated debt.