UK

China Construction Bank (CCB) London branch is set to offer its debut multi-currency certificates of deposit (CDs) in the next few weeks. Jinming Hu, co-head of Treasury at CCB London Branch, told GlobalRMB that they would include renminbi-denominated offerings.

Northgate, the UK van hire firm, has reduced its flagship bank facility and replaced the financing with a €100m private placement from Pricoa Capital.

International Airlines Group's financing of its €1.4bn acquisition of Aer Lingus has taken another twist, with IAG signing a €600m term loan with Helaba and British Airways.

Barclays is lining up a sterling denominated additional tier one as the primary market stays alive into August.

Banca IMI has hired a global loan syndication head to front its new London syndication desk.

Singapore-listed Frasers Centrepoint (FCL), which raised a £300m ($468.5m) five year loan from Barclays, BNP Paribas and Standard Chartered to fund the acquisition of boutique hotel chain Malmaison Hotel du Vin, has opened the loan into wider syndication.

A three-day slide in China's A-share market that included the biggest one-day percentage drop in more than eight years on July 27 has led to domestic critics pointing the finger at overseas investors. Mark Boleat, policy chairman at the City of London Corporation, has a different take. He says China needs foreign participation in its markets to ensure its goal of RMB internationalisation is successful.

European banks are being urged to use a wide open dollar market before the US Federal Reserve hikes rates later this year, with Royal Bank of Scotland and UBS already lining up dollar additional tier one trades, writes Tom Porter.

After last week’s big bang in issuance, history was written and there was even a feeling of awe at investors' capacity for paper. And this week, supply lines continued delivering until just hours ahead of the summer break.

Bpifrance, the French public investment bank, on Wednesday evening sold an €800m block of Orange shares, in what was the largest and most aggressive accelerated bookbuild of the week so far.

Credit Suisse’s new CEO has signalled a commitment to the bank's corporate finance business. But he will need to invest in it, writes David Rothnie.

Royal Bank of Scotland’s former syndicate boss and, until recently, its chief operating officer for clients in the bank’s markets and international banking unit, has resigned.