BNP Paribas

Hamburger Hochbahn, the city public transport operator, made its bond market debut on Wednesday, slotting into the market neatly with a €500m 10 year green bond and a €3bn order book.

Participants in Europe’s high grade bond market have been left scratching their heads about the performance of a Becton Dickinson €600m 15 year bond since it was issued last week. The spread has come hurtling in by 20bp, despite bankers away from the deal saying they would probably have valued it similarly to the leads.

Hennes & Mauritz, the Swedish clothing retailer, has chosen to issue its first ever bond in the novel sustainability-linked format.

Hamburger Hochbahn, a government owned public transport operator in Hamburg, is set to make its bond market debut this week, launching itself as a regular bond issuer.

Nykredit Realkredit opted to tap the seven year point of the curve on Monday as it issued senior non-preferred debt ahead of a deadline for regulatory debt buffers in 2022.

Kirshlen Moodley, formerly a member of JP Morgan's UK M&A team, has joined BNP Paribas.

Rating: —/BBB/BBB+

Cellnex, the acquisition-hungry Spanish telecoms infrastructure company, proved the demand for riskier corporate debt on Tuesday, when its €2.5bn bond issue won applause for pushing a crossover credit out to a 12 year maturity.

Cellnex, the acquisition-hungry Spanish telecoms infrastructure company, proved the demand for riskier corporate credit on Tuesday, while Akelius, a Swedish residential property management company, was able to increase the size of its deal during book building, as syndicate bankers expect issuance this week to top €10bn.

Hapag-Lloyd, the German container shipping firm, has signed bank facilities totalling $889m, its first foray into green financing.

Cellnex, the acquisition-hungry Spanish telecoms infrastructure company, has hired banks for a multi-tranche bond, continuing a fundraising spree that also includes a €7bn rights issue, announced last week.

Lombard Odier has made two senior hires to help cultivate sustainable private credit strategies.