UK

Provident Financial was offering investors a high yielding senior bond on Wednesday as the UK doorstep lender looks to tender its 2019 notes on the back of a tumultuous year for its credit.

Covered bond deals issued in the five to seven year part of the curve on Wednesday by ING Belgium, Berlin Hyp (BHH) and The Fédération des caisses Desjardins du Québec (FCDQ) were all well received and stood in stark contrast to a 10 year from Nationwide.

Antoine Porcheret, a senior equity derivatives strategist at BNP Paribas in London, has left the French bank.

Shares in UK games developer team Team17 rose by as much as 36% on Wednesday morning after the company began trading on London’s Alternative Investment Market (AIM) following the completion of its £107m IPO.

Gilt investors and market makers have offered a broad range of views on the form that the UK’s next syndication should take during a meeting with the country’s Debt Management Office. The meeting was without Scotiabank, which last week quit as a Gilt-edged market maker (GEMM).

UK waste management company Renewi has amended and extended its main bank debt to convert it into a €550m green loan, just months after bankers said this market was due to grow following the release of standardised guidelines.

UBS has promoted Javier Martinez-Piqueras to head of global equity capital markets, replacing Sam Kendall, who will now lead corporate client solutions in the Americas.

UK lender Provident Financial plans to buy back a high coupon outstanding senior bond as it looks to issue new notes.

Bank of America Merrill Lynch has appointed the new head of its EMEA equity-linked business from within its own investment bank.

Real estate services company Savills is looking to sell inaugural US private placement notes.

Greencoat UK Wind, a British infrastructure fund focusing on wind farm projects and assets, closed books early on a £180m capital raise on May 17, with the deal well covered.

Team17 Group, the Yorkshire-based video games developer, is scheduled to begin trading on London’s alternative investment market (AIM) on Wednesday, after its £107m IPO attracted “a lot of demand,” according to a banker involved in the deal.