Deutsche Bank

NatWest Markets has hired UK rates trader James Bucknall from Deutsche Bank, where he was head of sterling trading.

Adani Electricity Mumbai used a sustainability-linked bond to raise $300m, as the energy company transitions to more renewable power.

Five real estate companies from Greater China made their way into the dollar bond market on Thursday, appealing to investors with short tenors and juicy new issue premiums.

Novo Banco found just enough demand to print its first preferred senior bond this week, setting the issuer off on a journey towards its minimum requirements for own funds and eligible liabilities (MREL) targets. Market participants drew attention to the Portuguese bank’s controversial past, including imposing unexpected losses on a group of senior bondholders.

Four public sector borrowers received strong receptions in the primary US dollar market this week, with a lack of supply in the currency over the last few weeks overriding volatility in US Treasuries.

African Development Bank and New Development Bank received ample demand in the primary dollar public sector bond market on Thursday, allowing the supranational borrowers to print chunky deals.

African Development Bank and New Development Bank will add to the week’s dollar SSA bond supply on Thursday. The lack of issuance in the currency in June is helping to boost sentiment in the market despite a rocky rates backdrop.

State-owned Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank) is in the market for a $790m loan, its largest offshore facility yet.

The Inter-American Development Bank and the Province of British Columbia sold well subscribed dollar deals on Tuesday but volatility could be on the radar after US inflation data beat expectations.

Novo Banco’s got off the ground with its build out towards its minimum requirement for own funds and eligible liabilities (MREL) this week, but the bank was unable to tighten its inaugural preferred senior deal beyond initial price thoughts.

Private equity firm Blackstone is raising $1.1bn to support its purchase of a stake in Indian IT company Mphasis. The deal is set to be the largest leveraged buyout loan in the country — and comes with a group of 13 bookrunners at the top. Pan Yue reports.

Two SSA borrowers announced on Monday that they were preparing to enter the dollar market on Tuesday, hoping for a calmer picture in the underlying rates market than was in evidence last week.