Barclays

Royal Bank of Scotland was selling a new senior deal from its holding company on Tuesday, following a similar deal from Barclays, which struggled to find a great deal of momentum in its order books.

A senior SSA portfolio manager at Barclays has resigned from his position and will be leaving the bank, GlobalCapital can reveal.

India’s Reliance Industries has launched its long-awaited refinancing of around $2.7bn into general syndication, one month after mandating 17 lead banks to run the transaction.

Barclays sold the eleventh five year senior deal of the week on Friday, capping off a busy few days of supply.

With interest rates expected to rise, the ability to offer delayed funding on attractive terms is becoming more important for investors in sterling US private placements (PPs). Some are struggling to get into deals as they cannot compete with their rivals’ terms, writes Silas Brown.

The UK’s preparations for a no-deal Brexit published this week include a proposal to strip away preferential capital treatment for EU27 exposures — meaning a hit to UK bank capital ratios at the worst time imaginable.

Investors see value in bank additional tier one (AT1) bonds, pointing to low coupon cancellation risk and attractive entry points for those approaching a call date.

Barclays said on Monday that it had hired Rocket Internet CFO Peter Kimpel as both head of banking and country manager for Germany.

The UK’s Octopus Investments has signed a £174m loan package to refinance a biomass and landfill gas portfolio.

The US corporate bond market continued at a strong pace this week, ignoring the lure of the beach that sees its European counterparts' new issue flow slow to a standstill in August. More than $22bn of bonds were sold in the first three days of the week and around half of that was raised by United Technologies Corp.

The UK’s Petrofac has signed $300m of new bank facilities, as the emerging markets focused oil and gas services company looks to cut back on the use of its existing revolving credit facility.

Berlin property company ADO Properties had planned to issue its second corporate bond in recent weeks, following a successful investor update. However, a high profile bribery case in Israel has put the deal on hold for now.