Barclays

The Berkeley Group, one of the UK’s biggest home builders, found the pulse of the sterling bond market on Wednesday, two weeks after some bankers had declared the market dead until the autumn.

Barclays opened books for an additional tier one deal in the dollar market on Wednesday, after proving earlier in the week that euros was still open for business even in the middle of summer.

Barclays has proven the financial institutions bond market is still open for business in early August, after attracting strong demand on Monday for a large euro senior deal.

The Berkeley Group, one of the UK’s biggest home builders, has mandated for a green bond, a week after high grade corporate issuers faced such a torrid time in the sterling market that some bankers called the market shut until the autumn.

Acme Solar Holdings was one of the few borrowers in Asia to brave volatile market conditions on Thursday to sell its debut dollar bond.

After several quarters of strong performance among European investment banking businesses, there are signs that firms are satisfied with cost cutting measures and are prepared to resume investment instead.

Canada’s Equitable Bank covered programme received legislative approval this week, paving the way for a debut deal in the coming months.

Barclays has made several further promotions across its capital markets and M&A teams in London and New York, a week after rolling out a new global investment banking management structure.

Adani Ports and Special Economic Zone locked up a $750m dual-tranche bond on Monday. But the deal was not easy for the Indian borrower, as negative headlines at home and a volatile Asian market kept many investors away. Morgan Davis reports.

India’s largest ever leveraged buyout loan, tied to Blackstone’s stake purchase in IT services company Mphasis, is in the market, after inviting a wide group of banks to participate in general syndication.

British Airways issued its first sustainability-linked bond this week, something still very rare in the airline industry. It was one of only a handful of issuers that braved volatility to enter the US corporate bond market this week.

The wheels fell off the IG corporate sterling bond market this week, with one pulled deal and another that barely scraped through. Accusations and recriminations flew over what caused the trouble, which has likely slammed the doors shut on the sterling market until autumn. Mike Turner reports.