Barclays boss Staley escapes regulatory ejection

Jes Staley, chief executive of Barclays, is no longer under investigation by UK authorities for his attempts to identify a whistleblower at the bank, and he will keep his job at the head of the firm, removing another regulatory uncertainty.

GSK gobbles debt for Novartis stake purchase

UK pharmaceutical firm GlaxoSmithKline has closed syndication on $13bn-equivalent of bridge loans to finance its purchase of Novartis’s stake in the two firms’ consumer healthcare joint venture.

CEVA sets range on IPO, secures shipping cornerstone

CEVA Logistics, the Swiss freight management and contract logistics company, has set the range on its IPO, valuing it at Sfr1.5bn to Sfr1.8bn. It has also secured a cornerstone investment from shipping company CMA-CGM.

Secondary pricing table: featuring JFM’s Apr ’23

Trading levels given are bid-side spreads versus mid-swaps and/or an underlying benchmark as of Thursday’s close. The source for secondary trading levels is Interactive Data.

BNPP loses third EM salesperson


GlobalCapital’s list of European corporate bond issues in euros and sterling, with links to stories about the deals.

Landsea prices bond after two day bookbuild

Chinese property company Landsea Green Group Co closed its $150m bond on Friday afternoon following a two day bookbuilding process.

Credit Suisse names China TMT head after Luan’s exit

Credit Suisse has named a new head of technology, media and telecom for Greater China following Isabella Luan’s exit, sources with knowledge of the move said.

Envision Energy goes green with $300m debut

China’s Envision Energy Overseas Capital Co grabbed $300m from a green bond on Thursday after weeks of wooing investors. But price discovery posed a challenge because of renewable companies coming under pressure recently.

Natixis loses loans banker to SocGen

A long time Natixis loans banker has left the bank to join French rival Société Générale’s global loan sales team.

Coli ends three year hiatus with $1.5bn bond return

China Overseas Land & Investment (Coli) raised $1.5bn from a dual-tranche transaction in yet another busy week for Chinese property names, ending a three year absence from the offshore debt market.

Reliance Jio raises ¥53.5bn Samurai loan

Reliance Jio Infocomm, the mobile network operator controlled by India’s Reliance Industries, has raised ¥53.5bn ($498m), the largest Samurai loan for an Asian corporation.

PNB makes rare visit to dollar bonds

Philippine National Bank, a rare credit in the offshore bond market, raised $300m from a new transaction on Thursday. But despite the novelty value of its deal, investors still demanded a new issue premium.

RMB round-up: New outbound quotas on the way, NDRC mulls negative lists, Citi teams up with Chinese banks for BRI business

China’s FX watchdog indicates that new quotas will be granted for two outbound investment schemes, the country’s economic planner prepares to roll out new negative investment lists, and Citi partners with Bank of China and China Merchants Bank to finance Belt and Road projects.

Landsea keeps books open for second day

Landsea Green Group Co, a Chinese property company, is taking orders for a green dollar bond for a second day, having started bookbuilding on Thursday morning local time.

Canvest Environmental eyes $150m loan through IFC

Hong Kong-listed Canvest Environmental Protection Group Company, a waste-to-energy provider, is seeking a $150m-equivalent borrowing denominated in Hong Kong dollars.

FAF leads charge as foreign autos eye ABS, vanilla RMB bonds

Fortune Auto Finance (FAF) is approaching onshore investors with a Rmb3bn ($477.5m) transaction on Friday. The auto company is coming to the market as a number of foreign originators unveil their plans to raise more onshore RMB — from both structured and vanilla fixed income deals.

Cometa drops on break as Lat Am gets tough

Latin America’s only new issue of the week was down in the grey market on Thursday, despite investors singing the praises of the credit as bankers said the region’s bond markets were struggling to gain momentum in the face of bulging pipeline.

Argentines line up to break corp drought

Three Argentine companies are preparing off-shore bond issues and others continue to approve bond shelves as a near three month break in new issue activity from the country could soon come to an end.

MiFID boosting the biggest as US banks see equity strength

Analysts saw early signs of MiFID-driven consolidation when US banks published their first quarter results that included strong equity trading performances across the board.

Ygrene gets S&P green score for latest ABS

Ygrene Energy Fund is in the market with its latest Property Assessed Clean Energy (PACE) securitization, securing a green evaluation score from S&P Global Ratings for the first time. Deal watchers say that participation from one of the ‘big three’ rating agencies will help boost market participation in the growing…

HK green credentials boosted by supra deals

You can’t just recycle if you believe in ESG

Two pieces of news this week highlight how environmental, social and governance (ESG) investing is conquering the capital markets. But both carry a risk of intellectual laziness.

Ambitious Intesa NPL plan a sign of Italian debt gold rush

Intesa Sanpaolo’s newly approved plan to tackle its high non-performing loan (NPL) exposure includes a potential securitization of €11bn of gross NPLs and a loan servicing joint venture with a Swedish debt collection specialist as the scramble to win a share of the lucrative Italian debt servicing business gathers pace.…

No hanging about as banks usher in next gen of AT1s

Additional tier one (AT1) issuers are entering into a refinancing market far faster than anyone had expected, as banks get in well ahead of time to replace the earliest trades printed in the format. Tyler Davies reports.