UK

Severn Trent, the UK water company, is raising £250m of equity capital to fund green projects. Banks working on the deal quickly attracted enough demand to cover the transaction.

Cordiant Digital Infrastructure Ltd, the UK investment trust focused on digital infrastructure assets, has unveiled plans for a £250m capital raising, three months on from its successful flotation on the London Stock Exchange.

In conference calls with the UK Debt Management Office on Monday, Gilt-edged market makers and investors gave their preferred maturities and timings for the UK’s debut green bond.

TD Securities has hired a senior debt capital markets syndicate banker from SMBC Nikko Capital Markets in London, to handle new issues from corporate and financial issuers.

Hedosophia European Growth, a new special purpose acquisition company sponsored by UK investor Ian Osborne, has listed on the Amsterdam Stock Exchange, raising €400m.

Marex, the commodities dealer, has launched a London IPO hoping to cash in from the increasing demand for commodities exposure. Bankers on the deal know that they are launching into a tough IPO market but hope a small deal size and strong sectoral trends will support the transaction.

Citi has replaced the former head of its EMEA alternative assets group with a promotion from within, Theo Giatrakos, who will work alongside a newly hired chairman, Didier Denat, the former head of corporate banking at Credit Suisse.

Santander’s equity capital markets tie-up with Peel Hunt finally provides it with the entry into the UK that it has been seeking while giving the UK broker the firepower to compete with the biggest banks ahead of its planned listing, writes David Rothnie.

Market participants expect to see the end of “vanilla” deals in the European bank bond market, as tier two debt becomes the latest asset class to embrace call periods over call dates.

Shares in Canadian semiconductor company Alphawave plummeted more than 20% on Thursday morning as the stock began trading on the London Stock Exchange after its £856m IPO.

Citi has added to its EMEA technology investment banking team with the hire of a managing director from Deutsche Bank.

BCS Global Markets, the investment services division of Russia’s largest independent broker, has hired a new treasurer.