UK

A wave of mergers and acquisitions is on the way, driven by the rise in awareness of climate change, bankers believe. But there will be no easy options for companies trying to reshape their businesses for the low carbon transition, and the process will create winners and losers.

The UK issued a £4bn index-linked Gilt maturing in 2039 on Tuesday, experiencing hot demand as investors flocked to secure protection from the threat of inflation.

Mizuho's new head of linear rates trading, Jason Cohen, has made three hires as he looks to build a franchise for the Japanese bank in EMEA.

BT has appointed Andrew Binnie, a former member of Vodafone’s treasury team, as its new group treasury director. BT's previous treasury manager left in September and faces a murder charge.

Helaba came close to fair value with the pricing for its green and non-preferred senior debut on Wednesday, maintaining a solid order book despite competing supply in euros.

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.