Europe

UBS found room for $5bn of new debt in the dollar market this week, starting with a “phenomenal” result for a new additional tier one (AT1) on Monday and ending with a three-part senior offering a day later.

BayernLB is consolidating its loan, bond and Schuldschein syndicate desks into one debt finance syndicate. The bank's former head of leasing and securitization will head the new outfit.

CaixaBank found €3.7bn of demand for a green senior bond on Tuesday, as investors revealed their hunger for new paper. BayernLB could follow with a green deal of its own against the improving backdrop in euros.

Just Eat Takeaway.com, the Anglo-Dutch online food ordering marketplace, has raised €1.1bn via the sale of new convertible bonds, following rapid growth during the pandemic as more customers ordered food brought to their homes.

Moonpig, the online greetings card company, was trading over 20% above its IPO price on Tuesday, netting a healthy profit for investors and showing another example of IPO resilience amidst recent equity market volatility.

UniCredit’s decision to align the definition of a defaulted receivable mortgage loan with the issuer's internal classification will have a negligible impact on the quality of the cover pool, said Moody’s.

Martin Pluves is leaving his role as chief executive of the Fixed Income, Currencies and Commodities Market Standards Board (FMSB).

The euro public sector bond market has got off to a busy start to February. Three eurozone sovereigns have announced syndicated issues, while the European Financial Stability Facility made a €2bn intraday tap on Monday to round off its first quarter funding target.

Auction Technology Group, an operator of online auction sites and owner of auction technology platforms, announced on Monday that it is seeking to list in London.

Bankers said that they were hoping for an event to activate covered bond issuance, following January’s 66% year-to-date supply slump versus 2020. Banks' senior issuance was also surprisingly low, but has more chance of higher volumes in future.

Squire Patton Boggs has hired a new partner to join its M&A, equity capital markets, and restructuring practice in London.

Belfius Bank took advantage of a quiet market to issue a seven year senior preferred transaction on Monday which attracted exceptionally strong demand from bank treasuries buying for their liquidity portfolios, where demand competes with negative yielding covered bonds.