Europe

DZ Hyp has mandated leads for a non-deal roadshow, RLB Vorarlberg has mandated leads to roadshow its first covered bond, and ASB Finance has also appointed leads for a series of investor meetings.

Commerzbank’s asset management company has raised long term multi-tranche debt to part-finance the acquisition of a 9.9 MW German wind park for one of its funds.

Hyp Noe’s tightly priced €500m Aa1 rated seven year covered bond issued on Tuesday was thinly oversubscribed, in contrast to a similar sized triple-A rated six year from BayernLB which found greater demand despite being priced tighter and with a smaller concession.

Ireland’s Cairn Homes has agreed a €350m debt package from four institutions, with the homebuilder managing to lock in cheaper funding costs than the loans being refinanced.

Svenska Handelsbanken was in the market on Tuesday, setting final terms for €750m of tier two capital. It was the first bank to issue subordinated notes in euros since June.

Ukraine sold what Dealogic indicates is its largest international bond in almost a year last week, printing a $725m private placement (PP), easing the country’s cashflow concerns ahead of the expected autumn tranche of International Monetary Fund (IMF) money.

Royal Bank of Scotland was selling a new senior deal from its holding company on Tuesday, following a similar deal from Barclays, which struggled to find a great deal of momentum in its order books.

RusHydro, the Russian hydroelectricity firm, has filed for a Rb13bn capital raising in order to fund the construction of overhead power lines.

A senior SSA portfolio manager at Barclays has resigned from his position and will be leaving the bank, GlobalCapital can reveal.

German exchange group Deutsche Börse has bought a minority stake in fintech company HQLAx and says that it is “likely to acquire further shareholdings” at the end of the year.

Russia’s Polymetal has signed a $250m five year loan from a domestic lender, though the metals and mining company expects its leverage ratio to tick down by the end of the year.

HSBC France met with a strong response for a sale of senior debt on Tuesday, after eschewing the recently popular choice of the five year tenor.