Europe

Austrian packaging firm Constantia Flexibles has launched a €150m ESG-linked Schuldschein.

Standard Chartered's head of financial markets and financial market sales for continental Europe, Stephan Schrameier, is no longer with the bank.

Credit Suisse’s investment bankers are looking to its top ranks for an injection of belief in the future of the business, following cuts to the bonus pool and defections from those with less patience, writes David Rothnie.

Hipgnosis Songs Fund, the London-listed investment trust focused on music catalogues, has announced a £150m share placing to fund its backlog of asset acquisitions.

GlobalCapital is delighted to reveal this year’s winners of its Financial Institution Bond Awards, which celebrate the top issuers, arrangers, bankers and service providers in the capital markets.

In an innovative step for the Schuldschein market, German filter maker Mann+Hummel is marketing a deal that is both green and sustainability-linked. Several sources have said this could prompt more issuers to use this type of hybrid structure.

UK listed construction firm Breedon has launched a private placement deal, according to market sources, making it one of the first UK companies to hit the market this year.

Unédic hit the market on Wednesday with a €2bn 15 year social benchmark, entering the market as the ripples from Tuesday's €20bn Next Generation EU bond print settled.

Canadian Imperial Bank of Commerce managed an outstanding result in sterling covered bonds on Wednesday. Despite the fact that 60% of this year’s entire supply has come in the past three days it managed to issue a sizeable deal at the same spread as an earlier one from Bank of Nova Scotia.

Hypo Noe considerably narrowed the new issue concession for its €500m 10 year covered bond compared to previous deals when it issued on Wednesday. However, it did not achieve its spread ambition, as investors left the order book.

BayernLB launched its first green tier two in euros on Wednesday, bringing its pricing into a very tight level and challenging assumptions about the relative value of the German tier two market.

German fashion e-commerce company About You has traded up on its first day on the Frankfurt stock exchange bringing some cheer to a European IPO market which has been battered of late. However, UK e-retailer Made fell in trading after pricing its IPO suggesting the market as a whole can still be volatile.