Europe

Covered bond investor demand has suffered over the past few months with the onset of competing supply from the EU in the SSA market. Despite that, investors have been broadly optimistic on the outlook, particularly in intermediate maturities.

A pair of SSA borrowers are set to squeeze a pair of benchmarks in on Tuesday just before the summer holidays period commences in earnest.

European direct lender Pemberton is making a push to sign up wealth and asset managers in a bid to grow the private credit market's investor base.

As it integrates Deutsche Bank's prime brokerage business, BNP Paribas has announced that the head of the unit, Ashley Wilson, will be staying on as global head of prime services.

Three new Spac IPOs priced in Europe at the end of last week raising a combined €675m, suggesting that there is still some meaningful investor appetite for the product in the region. However, sources are warning that pricing a Spac is far from easy.

Credit Suisse has filled six roles in its sustainability strategy, advisory and finance (SSAF) group, headed by Marisa Drew, including a global head of net zero strategy.

The IPO of Bridgepoint Group was set on Monday to be priced at the top of its range — a boon for Europe’s equity capital markets ahead of an expected dip in activity over the summer.

Aydem Yenilenebilir Enerji, a Turkish renewable energy generation company, is seeking to sell a green bond in its debut international debt offering. It joins a string of Turkish corporates that have stepped into sustainable finance in the past few months to tap into a diverse investor base.

FIG bankers were heralding the start of the summer on Monday, with a soft opening in the euro market giving issuers yet another reason to hold back on their deal plans.

Alfa Bank, Russia’s largest privately owned bank by assets, loan portfolio and equity, is seeking to sell an international rouble bond. It last entered international markets in April, selling a dollar bond.

GlobalCapital is thrilled to announce that the survey for this year’s awards is now open. All market participants are invited to take part.

Round Hill Music Royalty Fund, the London-listed investment trust focused on music catalogues, has wrapped up an $86.5m share sale, as the asset class continues to draw in investors.