Europe

Hypo Vorarlberg (Vorhyp) and Bayerische Landesbank (BayernLB) have mandated leads respectively for eight and nine year €500m no-grow covered bonds.

Credit Suisse was looking to complete to raise additional tier one (AT1) capital on Monday and to become only the second bank to launch a benchmark-sized transaction in the format since April.

Specialty chemicals distributor Azelis offered a €1bn loan deal to fund its acquisition by EQT this week. It has pre-placed almost half of it amid widening margins in the European leveraged loan market.

Swiss engineering firm Oerlikon has postponed the Zurich listing of its drive solutions business, GrazianoFairfield, citing volatile markets. But investors looking at the deal said the price was wrong and pointed to the trading performance of a similar deal when explaining the stalled IPO.

Greencoat Renewables, the Irish wind farms fund managed by Greencoat Capital, has kicked off its first follow-on offering since its €270m flotation on the London Stock Exchange almost a year ago.

Despite a tricky execution window, Shandong Ruyi, the Chinese textiles conglomerate, has completed the first sale of stock in French fashion house SMCP since its IPO on Euronext Paris last year, alongside the sale of a €50m exchangeable bond.

Turkish banks have enough foreign currency liquidity to withstand a prolonged capital market shut out, according to ING. While this remains unlikely, small signs of deterioration have begun to show in terms for the biggest source of FX funding in the country’s banking system - syndicated loans.

BPCE was active in the Samurai market this week, selling ¥119.5bn ($1.08bn) of notes, the vast majority of which were in the senior non-preferred format and will be used to finance eligible social loans. The French bank is also drafting a new framework for green bonds and two types of social bond.

An equity and derivatives strategist who left BNP Paribas in April has won a new job at Citi.

The China Europe International Exchange (Ceinex) has released detailed guidelines for Chinese blue-chip issuers hoping to list in Frankfurt through D-shares.

Standard & Poor’s assigned an investment grade rating to the National Bank of Greece’s (NBG) conditional pass through (CPT) covered bond programme on July 6.

Swiss market infrastructure operator SIX Group will combine digital asset trading, settlement and custody services in a new digital exchange for its customers. The CEO of SIX Group, Jos Dijsselhof, said it was the “beginning of a new era for capital markets infrastructure”.