Europe

Philip Shields is joining Panmure Gordon's investment banking team to lead real estate.

JP Morgan's Raj Kapadia has joined MUFG as international head of capital markets, as the firm increases its leveraged finance focus. It has also set up a new group to advise clients at the C-suite level on market and macroeconomic developments, led by Tom Joyce, a hire from Deutsche Bank.

Equity-linked investors are anticipating further sales of green convertible bond by companies as the nascent asset class continues to grow following a strong run of issuance this year.

Equity markets swung violently this week as investors reacted to polling and projections in the US election. With over two weeks left before the vote on November 3, equity bankers and investors are predicting a choppy time ahead which might make things trickier for capital markets deals.

Despite the Eurozone covered bond market’s huge size, its inherent liquidity is dwarfed by much smaller sectors outside the trading block — effectively meaning ‘the market’ is slowly but surely becoming impotent.

Guarantor: Federal Republic of Germany

The public sector bond market is alive with debate on one topic: what will the European Union’s highly anticipated debut trade for its colossal Support to Mitigate Unemployment Risks in an Emergency (SURE) funding programme look like? With the deal expected next week, months of questions are about to be answered. Burhan Khadbai reports.

It was a moderate week for supply in the primary euro public sector bond market but the issuers that did come found ample demand, setting up a decent backdrop for the expected arrival of the European Union’s big borrowing programme next week.

Kazakh fintech and e-commerce firm Kaspi began trading on the London Stock Exchange on Thursday after completing a popular IPO. The deal was a remarkable achievement and there are hopes it means future growth-orientated IPOs from the emerging and frontier markets may see similar success, writes Sam Kerr.

Austria built a large order book as it came to the market for its final syndication of the year on Thursday, ahead of the expected arrival of the European Union as a mega borrower next week.

Urban Logistics Reit, the London-listed real estate investment trust, has finished the final leg of a £92m share sale, tapping into heightened investor demand for exposure to niche areas of the real estate market during the pandemic.

Credit Suisse appoints Bank of America's former investment bank boss Christian Meissner — Barclays hires Gauthier Le Milon