Europe

High-end solar panel maker REC Solar has approached lenders in Asia for the first time, as it looks to raise up to $330m.

Russia’s renminbi ambitions got a big boost from the appointment of a clearing bank in September 2016 and the first Panda bond by a Russian corporate earlier this month. In a Q&A with GlobalRMB, the Central Bank of Russia says that all the technical preparations are complete for the Finance Ministry to issue its first RMB bond in Moscow — which would inaugurate a new market for so-called ‘Baikal’ bonds.

UK luxury sports car maker Aston Martin will hit the road for a senior secured deal in sterling and dollars on Friday to repay bonds coming due next year.

Intermediate Capital Group’s CEO and chief investment officer is to retire later this year after 23 years at the firm.

Shares in Aumann, the German maker of wire enamelling and electric motors for cars, rose 20% above its IPO price on Friday after making its debut on the Frankfurt Stock Exchange, giving it a market cap of €704m.

Spanish hotel chain NH Hotel Group launched a sub-benchmark add-on of its 2023s to cut the size of the old 2019 issue and pocket savings of more than 300bp.

This week's funding scorecard looks at the progress French agencies have made in their funding progress so far this year.

German auto parts maker Adler Pelzer Group drove into a European high yield bond market already loaded with offerings from other six borrowers on Wednesday, but it stood out as a rare chance for investors to buy a single-B rated bond.

Barry Meyers, head of UK equity capital markets at Barclays for the past two years, will rejoin JP Morgan in June after three months' gardening leave.

This week, the head of the state administration of foreign exchange (Safe) criticised Chinese companies’ overseas acquisition choices, 13 countries joined Asian Infrastructure Investment Bank (AIIB) and ICBC Moscow started offering RMB clearing services.

Commodities trader Trafigura has signed its latest 364-day syndicated revolver at $2.27bn, up from the launch size of $1.5bn.

In its first Panda bond issuance last week, Rusal hit double its target price. With Rmb9bn of issuance limit left on its programme, Oleg Mukhamedshin, deputy CEO of Rusal, told GlobalRMB that the Russian corporate will take its time before returning.