Europe
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Wells Fargo Asset Management has picked Hannah Skeates to lead its global environmental, social and governance strategy. -
KfW and Québec will bring Canadian dollar bonds to the market on Thursday, with the former looking to issue in the currency for the first time since 2015.
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Barry Callebaut has taken €600m across three tranches in one of the biggest international Schuldschein transactions in the last 12 months. The Belgian-French chocolate company now based in Switzerland had roadshowed for a public benchmark sustainable bond in November, but opted instead for its first Schuldschein deal, as the risks of execution in the public market were too great.
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German car leasing company Sixt has launched a Schuldschein with an initial size of €200m, according to two Schuldschein market participants.
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Portuguese paper company The Navigator has become its country’s first company to set up a sustainable commercial paper programme. The €65m operation was announced by its agent bank and bookrunner BBVA.
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The Netherlands Development Finance Company (FMO) is looking to sell its first social bond this year following its inaugural Green trade this week. The agency is also keeping a close watch on the SOFR market.
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Greencoat UK Wind, the UK infrastructure fund focused on wind farm development, has completed a £131m capital increase early after investor demand for the offer swelled.
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Svenska Handelsbanken picked banks on Wednesday to arrange the sale of a new additional tier one in the dollar market, with the dust yet to settle around Banco Santander’s decision to extend the life of one of its instruments.
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BPCE and Achmea Hypo managed good price and size outcomes for their covered bonds issued on Wednesday, but the fact they were less well subscribed than recent deals added to the impression that the recent good run has stalled, with spreads now ‘treading water,’ a lead manager conceded.
