Europe

The Industrial Development Bank of Turkey, Turkiye Sinai Kalkinma Bankasi (TSKB), has launched its debut sustainable bond, the latest in a string of Turkish bank issuers that have forayed into the ESG financing market over the last year.

Amélie Darrort, co-head of the euro medium term note desk and head of French public sector debt capital markets at JP Morgan, will be relocating from London to Paris in the summer as part of a post-Brexit relocation, GlobalCapital understands.

After issuing the first green covered bond, Sparebank 1 Boligkreditt has now become the first bank outside the UK to undertake a Sonia consent solicitation. The consent solicitation will increase pressure on other issuers outside the UK to follow suit.

TP Icap, the interdealer broker, has launched its £315m rights issue to partially fund the acquisition of Liquidnet.

London-listed transport booking app Trainline has tapped the equity-linked market for the first time by issuing a £150m ($204m) convertible bond.

A €1.2bn sale of new Delivery Hero shares showed that investors are ready and waiting to commit capital to new equity capital markets deals in 2021. The transaction showed that demand for high growth tech names remains strong, despite a recent trend of investors buying into more cyclical companies.

UK stationery retailer Paperchase has submitted a notice of intent to appoint administrators, as it struggles to cope with the effects of lockdowns and disruption to Christmas sales.

Damien Loynes' syndicate responsibilities at Crédit Agricole have been expanded.

Europe’s primary equity-linked market has reopened for 2021, with a debut €200m green convertible bond issued by Voltalia, the French renewable energy company.

Komerční banka (KB), a partially owned subsidiary of Société Générale, has mandated leads for the first fully distributed euro benchmark covered bond from the Czech Republic, paving the way for other major lenders to follow suit.

MUFG has given Darryl D’Souza a new position under Matteo Ferrario, where he will lead part of the bank's strategy for financial institutions.

Europe faces more months of Covid-19 lockdowns as the continent’s governments try to quell an increase in infections. But equity bankers are hopeful that the restrictions will not prevent them from raising equity for companies seeking to do M&A transactions.