Europe

Danish software company Trifork has announced its intention to float on Nasdaq Copenhagen, having attracted large commitments for stock from cornerstone investors.

Bawag became the first Austrian issuer to price a covered bond through mid-swaps since June 2018 on Tuesday when it issued a benchmark 10 year that attracted strong initial order momentum and an exceptionally granular order book. At the same time Austria’s Covered Bond Act consultation came to an end, suggesting the new legal framework will soon be enacted.

LimakPort, a Turkish port operator, said on Tuesday it will look to come to the dollar market for a 15 year amortising bond with a coupon that steps up if the issuer fails to meet sustainability targets.

Zuercher Kantonalbank is getting ready to become the first local Swiss bank to issue senior paper in euros, ahead of an important period in its funding schedule.

Swiss-Austrian company Montana Aerospace made a flying start to its IPO on Tuesday, attracting enough investors to cover the transaction in the first few hours of book building.

Deutsche Bank is planning to issue a new additional tier one (AT1) in euros, as it looks to offset the impact of “certain regulatory changes” and work towards meeting its leverage ratio target.

Erste Group Bank is lining up its first sustainability bond, as it looks to take advantage of a quiet period for new issuance and a recent back-up in rates.

Bank of Ireland Group was more than three times subscribed for a new tier two on Tuesday, as it followed its domestic peer AIB Group in applying a green label to the asset class.

Carbios, the French sustainable plastics company, has unveiled plans for a €105m capital raising to finance the next stage of its growth, with the backing of major shareholders.

Emmanuel Regniez has left his position as head of France investment banking and coverage at Citi to take up a co-head role at Bank of America, as the latter beefs up its presence in the country.

Germany’s Finanzagentur is holding calls with investors this week to sound out interest for a planned syndication of a 30 year green bond, the sovereign’s third and longest deal in the format.

Antares Vision, the Italian technology company, has set the price range on a share sale to increase its liquidity in what will effectively be a re-IPO of the company. The company was given an early boost with Capital Group committing to act as a cornerstone on the share sale.