Europe

Specialist private lender Kartesia has appointed a full time head of corporate social responsibility and environmental, social and governance issues.

Banco BPM was unable to tighten through initial price thoughts for a new additional tier one on Tuesday, as it looked to maximise its regulatory allowance for the asset class.

Trading levels given are bid-side spreads versus mid-swaps and/or an underlying benchmark and bid-yields from the close of business on Monday, January 11. The source for secondary trading levels is ICE Data Services.

UniCredit raised €2bn of preferred senior funding with a careful trade on Tuesday, as investors come to terms with a new pricing paradigm in the bank bond market.

Deutsche Pfandbriefbank (PBB) has mandated leads for a three year dollar covered bond in a move that underscores the importance it attaches to matched currency funding.

The billionaire Arora brothers have sold £218m ($298m) of shares in B&M European Value Retail, the UK budget retail chain, through an auctioned block trade.

Apollo Global Management has continued to selldown its stake in Watches of Switzerland, the UK luxury watch retailer, following a strong rally in the stock since its IPO on the London Stock Exchange in May 2019.

Moonpig, the UK online cards and gifts company, has published a registration document to list on the London Stock Exchange. Sources close to the deal are confident there is enough demand for it to become one of 2021’s early success stories.

Finland’s Municipality Finance has had a busy week in the Norwegian krone market, as demand from domestic bank treasuries for high quality liquid assets (HQLA) drove a pair of floating rate notes in the currency.

Nomura has expanded its covered bond trading capacity with a new hire from BNP Paribas.

A €292.5m sale of shares in Italian cable maker Prysmian was well received by investors on Monday evening allowing Tamburi Investment Partners to sell most of its stake in the company.

Caisse d'Amortissement de la Dette Sociale hit screens on Monday morning to announce a 10 year dollar benchmark, following the example set by Inter-American Development Bank’s enormous success in the tenor last week.