NatWest Markets
-
Four public sector borrowers announced new deals in the primary market on Monday ahead of the European Union’s much anticipated second transaction from its Support to mitigate Unemployment Risks in an Emergency programme this year, which is expected to arrive later in the week. -
Workspace Group, the UK office space company, is marketing a green sterling bond as its debut in the public fixed income market, marking the second time a UK company has made this “very rare” choice in less than a year.
-
Bank of Nova Scotia returned to the dollar market with its first new trade in five months this week, after reporting its fiscal first quarter earnings. It was followed by Truist Financial selling an inaugural social bond.
-
A feature of many privately-transacted industries is that in the good times it is sometimes hard to know which firms are on top — it takes a crisis to find out.
-
NatWest expanded its environmental, social and governance (ESG) offering with its debut social housing bond this week, the first from a UK financial issuer, landing the €1bn deal well through fair value.
-
-
Financial institutions have ramped up their sales of green debt at the start of 2021, as they look to take advantage of a quiet funding year by building out their environment, social and governance frameworks. This week, nearly all FIG euro issuance arrived in ESG formats.
-
NatWest has promoted Carla Floyd to head of debt and financing solutions — a newly created job that sits in its ringfenced bank but nonetheless effectively involves running debt capital markets origination for corporate clients.
-
Environment, social and governance (ESG) themed debt has dominated the senior market this week, with the format helping to secure more execution certainty in a softer trading environment.
-
Nottingham Community Housing Association has signed a revolving credit facility with a margin that is partially linked to increasing racial diversity within its management team — a metric that more borrowers are expected to use in sustainability-linked financings.
-
NatWest Group sold the first social housing bond from a UK financial issuer on Tuesday, attracting a highly granular peak order book of over €4.5bn. Investors have latched onto environment, social and governance (ESG) linked bank supply over the past few weeks, with two more labelled deals set to follow in the coming days.
-
NREP, the largest real estate investment manager in the Nordics, has signed a €300m subscription credit line, as Europe’s property companies extend their debt binge since the start of the year.
