Citi
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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. -
Munich Re and Unipol Group are lining up new green bond transactions for this week, as they look to replicate the success of similar deals and gain a ‘pricing advantage’ in the market.
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The Republic of Bulgaria has mandated banks to arrange a dual tranche bond in euros, making it the latest sovereign to add to the swelling supply from the central and eastern European (CEE) region.
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US-listed Zai Lab and ZTO Express (Cayman) are set to launch secondary offerings in Hong Kong. Both the companies filed their final listing documents with the city’s bourse.
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Bank of China rolled out a dual-currency blue bond on Monday, making it the first borrower in Asia to market a marine sustainability transaction.
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Nissan Motor made its debut in the European bond market on Friday with a €2bn deal that investors would have liked larger and differently shaped, just a day after it had issued its first ever foreign currency bond, for $8bn.
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The New Development Bank has appointed the syndicate to lead its second dollar benchmark, the proceeds of which will fund its coronavirus response.
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Seven Yankee banks stole a march this week in the race to frontload funding, as September got off to its usual red-hot start in dollars.
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Michael Corbat is to retire from Citigroup in February, and Jane Fraser will step up as chief executive.
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ENN Energy Holdings, one of China’s largest clean energy distributors, raised $750m on Thursday with its green bond debut.
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Nestlé made the tech stock sell-off look irrelevant as it raced into the US corporate bond market as soon as it opened this week, raising $4bn and scoring the lowest coupons on record for a 144A issuer at those maturities on each of its four tranches.
