Deutsche Bank
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Germany received overwhelming support for its debut green bond on Wednesday, which was sold via syndication and twinned with a conventional Bund of the same maturity and coupon in what it is a brand new structure for issuing green debt. -
Erste Group Bank kept the tap open on subordinated supply in the euro market this week with a €500m 11-year non-call six deal.
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Citigroup has beefed up its presence in France by hiring Robin Rousseau, Deutsche Bank’s head of M&A for Europe, the Middle East and Africa.
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Modern Land (China) Co received an 18 times oversubscribed book for a $100m tap of two of its green bonds, as investors threw their weight behind the Chinese property developer’s deal.
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CP Merchandising Co, a subsidiary of Thai agro-industrial and food conglomerate Charoen Pokphand Foods, has launched its $500m debut loan into general syndication.
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The European Investment Bank gave the flagging volumes in the non-UK sterling SSA market a boost on Friday, bringing the first ever Sonia floating rate note linked to the Bank of England’s new compounded Sonia index.
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A $600m loan to support Baring Private Equity Asia’s take-private of Indian software firm Hexaware Technologies has been launched into general syndication, with three banks joining at the top level.
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Oil and gas companies are facing the daunting prospect of the world weaning itself off fossil fuels. And this is sparking intense discussions with banks and investors, as these businesses consider how to preserve their access to capital markets.
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Companies piled into the bond market with hybrid capital issues this week to raise €4.95bn between them, as syndicate bankers say that they are encouraging as many borrowers as possible to consider pushing out higher risk trades before raising senior debt.
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Supply and demand for senior financial institution bonds was lukewarm this week, as issuers and investors favoured higher yielding products amid healthy market conditions. FIG deal arrangers are predicting that the trend is set to continue and that issuers will favour capital trades.
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