Deutsche Bank

BNP Paribas has retained its place at the top of the EMEA loan league table for the first half of 2021, but its market share is much smaller than for the same period last year.

The European Union kept the strong momentum going for its second Next Generation EU (NGEU) transaction on Tuesday, although it did surprise some market participants by limiting the size of the dual tranche sale from the outset.

Deutsche Bank has hired Esra Turk as its new head of CEEMEA institutional client group and chairman of Middle East and Africa.

The Republic of the Philippines focused on investors keen to buy long-dated bonds by selling a dual tranche dollar deal this week. The $3bn trade featured a chunky $2.25bn 25 year portion that easily trumped the sovereign's last similar outing.

Logan Group Co used the last of its offshore debt issuance quota to price a $300m green bond on Monday.

The EU on Monday announced the mandate for its second jumbo Next Generation EU deal, which includes four banks who were suspended for the first transaction for violating antitrust rules.

Speculative grade Italian lender Illimity is getting ready to issue its first tier two bond, having mandated leads on Monday to arrange a sub-benchmark subordinated deal.

State-owned Qatar Petroleum was in the bond market on Monday with a multi-tranche bond that included a Formosa issue. Investors, meanwhile, say they expect the sovereign — one of the only Gulf states to have been absent from markets so far this year — to sell bonds imminently.

National Australia Bank has mandated leads for the first Australian covered bond in euros for over two years. With redemptions outstripping supply this month, the NAB deal could be the beginning of a spurt of issuance.

Altana, a German speciality chemicals company, has moved its main bank line to a sustainability-linked structure, with the borrower negotiating a margin in line with its pre-coronavirus pandemic levels.

The dollar corporate bond market continued to show its resilience this week, but concerns are growing over a lack of supply in the run-up to the July 4 holiday weekend.

IDB Invest, the private sector arm of the Inter-American Development Bank, made its debut in the Australian dollar market on Wednesday, raising A$400m ($303.2m) with a social bond.