Europe

French agency Caisse des Dépôts et Consignations (CDC) hit screens on Monday afternoon with its second ever sustainability bond, following its debut in the format last year.

Home Reit, a new real estate investment trust focused on homeless accommodation, is preparing to raise £250m via an IPO on the London Stock Exchange.

Banco BPM opened books for a new tier two on Monday, as it looked to take advantage of supply and demand dynamics in a quieter September than usual.

DZ Hyp priced a well-subscribed €1bn five year Pfandbrief on Monday through fair value and with the largest negative yield of any covered bond issued this year. The syndication is strong encouragement for hesitant issuers considering deals in this tenor, where yields are at their most punitive.

The Grand Duchy of Luxembourg launched Europe’s first sovereign sustainability bond to big demand on Monday morning, allowing the sovereign to bring the spread in by 6bp during pricing.

The European Banking Authority has confirmed that there are no major legal obstacles preventing issuers from using six month call periods for their regulatory debt instruments.

EMEA equity capital markets started September with a flurry as banks rushed to print deals in the first week of the traditionally busy autumn issuance window. There is far more to come though and investors are concerned that some deals will struggle to find the attention they warrant.

Squire Patton Boggs has appointed a specialist equity capital markets lawyer as a new partner in its London office.

Turkish lender Garanti BBVA has lost a director in its funding department.

Wayne Hiley has retired from his position of head of UK debt structuring in Barclays’ corporate banking division.

This week in Keeping Tabs: a start-up’s plans to change correspondent banking; an argument for dual interest rates; state aid after Brexit; and etiquette in the coronavirus age.

Ignitis Grupe, the state-owned Lithuanian energy and utility company, has filed IPO paperwork in preparation for a listing in Vilinus and London.