UK

Ireland's Dalata Hotel Group was in the market with a 19.9% accelerated share placing on Tuesday, a move the company said would give it the firepower to take advantage of growth opportunities stemming from the Covid-19 pandemic.

The UK Debt Management Office has chosen the banks to lead the first ever 15 year Gilt to be sold via syndication, which will hit the market next week

Top tier UK universities are likely to issue public and private debt in the fourth quarter of this year, to fill a funding gap from collapsing summer revenues and dwindling numbers of international students. With operating conditions for the sector decidedly bleaker, many expect a clutch of lower ranked UK universities to go bust in the next few years.

European banks spied further opportunities in the dollar market this week, even as many in the sector turned their attentions back to their home currency.

The Monks Investment Trust, the UK listed investment trust managed by Baillie Gifford, has sold £100m of US private placements.

The Hut Group (THG), the UK e-commerce company, is preparing an IPO on the London Stock Exchange that is expected to value the firm at around £4.5bn ($5.94bn), as it experiences a surge in customers buying goods from its platforms during the Covid-19 pandemic.

UK housing provider Settle Group has raised £75m of private placements to institutional investors. For many investors, the housing sector is one of the few that has continued to provide opportunities throughout the crisis.

A staggering amount of capital has been raised by the world’s airlines so far this year as the industry has suffered its worst crisis since 9/11 as a result of the Covid-19 pandemic.

Great Portland Estates, the UK real estate investment trust, has sold £150m of US private placements.

The UK Municipal Bonds Agency has enjoyed a successful sophomore effort in the bond market, printing £250m of 40 year paper for Lancashire County Council.

HSBC Holdings has finished the process of switching $3.5bn of short dated senior debt for a pair of new issues, as it looks to smarten up its liability structure for the total loss-absorbing capacity (TLAC) standards.

Bombardier has closed a $1bn three year loan facility with a number of direct lending funds. Over the past few months, direct lenders in Europe and the United States have started muscling into the debt profiles of larger corporates.