UK

Deutsche Bank is shifting about 100 banking jobs in its corporate banking division out of the UK to locations in Europe and Asia as part of a restructuring.

UBS Group made a swift return to the dollar bond market on Tuesday, as it went in search of an additional tier one transaction a day after raising $3bn of senior unsecured debt.

Shipping group Seaspan has issued $500m of sustainability-linked private placement debt, in the largest ESG-linked transaction to hit the market so far.

The UK is set to come to market this week with a syndication of an index-linked bond — its first of the financial year.

Taylor Maritime Investments, a new investment trust, has priced its IPO on the London Stock Exchange, raising $253.7m to invest in a portfolio of ships.

Digital 9 Infrastructure, the UK investment trust focused on digital assets, has launched its first follow-on offering of stock since its £300m IPO on the London Stock Exchange in March.

UBS was set to issue three tranches of dollar debt through its operating company on Monday, as it sought to tap into a strong pool of demand for short-dated bank issuance.

Kartesia, the alternative asset manager known for financing small to mid-cap companies, has raised its fifth private debt fund mandated to look for deals beyond private equity sponsors.

Barclays has hired a managing director from Standard Chartered in London to cover fintech clients in EMEA.

Hibernia, the real estate investment trust in the Republic of Ireland, has raised €125m of US private placement debt to develop new offices.

Large European banks shifted their funding focus to the dollar market this week, printing stunning deals as the euro market showed it was more sensitive to signs of tighter monetary policy. Tyler Davies reports.

Wemag, a state-owned electricity firm in Germany, has launched a 10 year Schuldschein through NordLB’s digital platform, Finpair. Wemag follows two Austrian utilities in supplying deals at a longer tenor.