UK

Hipgnosis Songs Fund, the £1.6bn music royalties investment company, has wrapped up its seventh equity raise since its London Stock Exchange IPO in July 2018.

HSBC Asset Management has created a new sustainability office as part of a refresh of its responsible investment team after the departure of Melissa McDonald, head of responsible investment.

DZ Hyp plans to issue a €750m no-grow Pfandbrief on Wednesday as Muenchener Hypothekenbank (MuHyp) marketed its inaugural sterling benchmark to UK investors amid a sharp fall in global yields.

Octopus Renewables Investment Trust, the London-listed fund focused on renewable energy assets, has completed its latest share sale, raising £150m.

UK private equity group Bridgepoint has confirmed its intention to float on the London Stock Exchange.

Santander has appointed a new head of sustainable capital markets in London: Victoria Land, until recently head of APAC sustainable banking at Crédit Agricole in Hong Kong.

Indian company Tata Steel has returned to the loan market. It is in talks with banks for a £200m ($276m) financing to support its UK business.

German telecoms and internet company United Internet has issued one of the largest Schuldschein deals this year, raising €750m according to market sources, more than doubling its initial target of €300m.

The UK published its green financing framework on Wednesday as it prepares to roll out its much anticipated green Gilt programme, with at least £15bn of issuance in the format expected over the course of the 2021/22 fiscal year.

Thomas Schneider, head of European corporate loans at Allianz Global Investors, is set to retire at the end of July.

Urban Logistics Reit, the London-listed real estate investment trust focused on logistical properties, is tapping investors for £108m of fresh capital as it gears up to acquire further assets.

Credito Emiliano managed to attract a robust order book for its €750m seven year covered bond that was sold on Wednesday, following an extended marketing period that enabled price discovery. At the same time Coventry Building Society mandated leads for only the second UK covered bond in euros to be issued this year.