UK

Yorkshire Building Society on Wednesday went to market with an inaugural sterling six year non-call five non-preferred deal after it said it would tender for its 2024 non-call 2019 tier two notes, opening a case for smaller institutions to decrease capital costs by replacing tier twos with senior non-preferred notes.

Credit Suisse has hired a banker from NatWest Markets for its European financial institutions syndicate team.

Finablr, the Abu Dhabi-based cross-border currency and financial technology holding company which owns Travelex, has filed initial paperwork ahead of announcing an intention to list on the London Stock Exchange.

Northleaf Capital Partners has hired David Jeyes as a senior credit officer in London for global private credit.

Network International, the Dubai-based payment company, closes books on its IPO on Tuesday and has set what it feels is a generous range for investors, with a view to trading up when it is admitted to the London Stock Exchange on Wednesday.

Yorkshire Building Society is looking to buy back a series of tier twos before their first call date, after Coventry Building Society showed last month that the UK regulator was more relaxed than expected around what firms can do with their capital. But rather than replacing the bonds with an instrument of equal standing, Yorkshire is going one step further than its peer and proposing to issue its first non-preferred senior notes.

Moelis & Co, the US investment bank, has hired a senior equity capital markets adviser from Lazard in London.

Greatwell Homes, the UK housing association headquartered in Northamptonshire, has raised £40m private placements (PP).

Bookrunners on Dubai-based payments company Network International will close books on the IPO a day early, and have increased the size of the offering, after receiving huge demand for stock.

An equity-linked banker at HSBC in London has moved to a new role within the bank.

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Freight Investor Services, the London freight and commodity brokerage, has unveiled a new commodity derivatives trading system, in partnership with KB Tech, a UK fintech company. It will enable trading and clearing of freight-related contracts on exchanges including SGX, Nasdaq, EEX and CME.