Europe
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UBS wasted no time in using the rally induced by more European Central Bank stimulus on Monday, launching the first additional tier one transaction since a sharp sell-off had some predicting the death of the product last month. -
A funding official at a leading public sector borrower will move to a bank’s syndicate team in the summer, GlobalCapital understands.
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Another week and another first for the Schuldschein market, in what has been a stunning first quarter for the German private placement market. Fresenius US Finance II has completed the largest dollar deal in the market, raising $400m, according to bankers.
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Russian gas company Gazprom is roadshowing a possible Swiss franc bond, which would be its first in the currency since the EU and US laid down sanctions on several Russian state-owned companies in 2014.
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A number of UK banks are expected to tender for operating company debt in the coming months, following in the footsteps of Barclays, which announced the results of its latest buyback on Wednesday.
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UNITe, the French renewable energy producer, has completed its first green Euro private placement. The deal will allow the company to draw the funding in instalments, a new feature for Euro PPs, though common in the US PP market.
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Intesa SanPaolo has captured the strong improvement in peripheral market sentiment with its €1.25bn seven year covered bond issued on Friday which attracted the highest order book of the year. At the same time Sparebanken Sør Boligkreditt has mandated leads for its debut covered bond.
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In this round-up, Malaysia opens RMB qualified foreign institutional investor (RQFII) applications, Macau launches a RMB real time gross settlement (RTGS) payment system, China Construction Bank (CCB) will join the new London silver fix, and the Singapore Exchange (SGX) reported a strong start to RMB currency futures trading in 2016. Plus, a recap of GlobalRMB's top stories this week.
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China’s decision to provide easier access to its bond market for foreign asset managers has not diminished the value of the renminbi qualified foreign institutional investor (RQFII) scheme, according to Matthieu Bailly, CEO at Octo Asset Management.
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