Santander

Latin America’s best rated sovereign, Chile, will begin investor meetings on Thursday as it plots its third Euroclearable local currency deal.

Santander’s head of continental European private placement origination has left the bank after nearly 13 years with the firm, but only the last five months in that role.

Barclays Bank kept the primary covered bond market alive on Wednesday, launching its first deal of the year and its first Sonia-linked transaction — though at £500m it was the bank’s smallest covered bond yet.

After a couple of slow weeks for corporate bond issuance in Europe, the pace quickened somewhat on Tuesday, with two €500m no-grow issues. One was from a familiar name - Carrefour, the French supermarket chain - the other from a new one, Samhällsbyggnadsbolaget i Norden, a Swedish residential property company founded only in 2016.

The UK Debt Management Office has chosen the tenor for the first syndication of its 2019/20 financial year, which is expected to come in the week commencing May 13.

The UK Debt Management Office has mandated four banks for the first Gilt syndication of its 2019/2020 financial year.

BP on Thursday gave the European corporate bond market its first test of a really big, multi-tranche, investment grade issue since Easter, and showed that the market is every bit as keen as before the break. Order books for the three part bond were big and new issue premiums slim to invisible.

More than half of Santander’s profits came from Latin America and the US in the last quarter, amid a plan to make savings in Europe and expand across the Atlantic.

Spain’s Merlin Properties has signed a €1.55bn sustainability linked loan, with the real estate company becoming the latest in a long line of names to add green and social elements to their bank funding.

Brazilian meatpacker Marfrig will meet US bond investors next week as it looks to take condition of plentiful demand for assets to finance a buy-back of existing bonds.

Santander creates new sales role — Barclays origination banker leaves — Algomi co-founder helps another fintech

Santander’s corporate and investment banking division has created a new role to manage all market sales forces around the world and has picked Krishna Murali to do it.