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  • Renewables pair bring sunshine to project finance market - National Bank of Oman launches loan syndication - Cubico lights up project finance desks - Drax completes bridge refinancing with PPs, ESG debt - Italy’s IMA raises €50m via Euro PP market
  • East Midlands Housing Group (EMH), a housing association located in the UK county of Leicestershire, has secured £100m ($124.8m) of long-dated debt from the Pension Insurance Corporation (PIC).
  • Clearing house LCH has hired Isabelle Girolami as its chief executive. She comes from Crédit Agricole’s corporate and investment bank (CIB), where she was deputy CEO.
  • A treasury head at a German agency, which he helped set up from scratch, has left after nine years to return to the banking sector.
  • Few German IPOs are expected in the second half of the year and the deteriorating economic outlook is likely to disrupt the equity financing plans of the country’s corporates, particularly mid-cap industrial names that are heavily exposed to their home market.
  • Worldline, the French payments company, attracted strong investor demand for a negative-yielding €600m convertible bond due in 2026, to refinance its acquisition of a minority stake in equensWorldline, its transaction processing subsidiary.
  • As core markets in the northern hemisphere begin to cool, SSA issuers are looking towards an Australian dollar sector unaffected by the summer close.
  • Rentenbank printed a £250m December 2026 bond on Tuesday, as top rated issuers found plenty of demand at the longer end of the sterling curve.
  • With new issue activity in Swiss francs now grinding to its usual summer halt, syndicate managers and investors are bracing themselves for another extension to the lower for longer rates environment.
  • An infrequent FIG issuer returned to the medium term note (MTN) market this week to place the second of a pair of identical floating rate notes (FRN) this month. While on Wednesday, another bank brought back a structure that has rarely been seen since the financial crisis, according to one banker.
  • As the market prepares for Libors to end their run as the world’s most prevalent reference rates, there is growing support for the benchmarks to be reprieved.
  • After creating three billionaires and causing an unprecedented 400% share price rise for one company at the end of the first trading day, Shanghai’s new technology board saw $1bn wiped out on Tuesday. As the feverish excitement among investors cools down, longer-term concerns around China’s IPO markets have emerged, writes Rebecca Feng.