France
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Crédit Agricole has promoted four staffers to fill vacant and newly created positions in its debt capital markets leadership team, including global head of financial institutions DCM and head of European corporate DCM. -
Deutsche Bank scored a blowout book with its first euro additional tier one since 2014 this week, as investors rewarded the issuer for progress on its turnaround plan. Banco Santander then gave the asset class another shake, with a deal split across euros and dollars.
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Bombardier has exited Alstom, the French maker of rolling stock, having sold the last of its shares through a €506m accelerated bookbuild on Tuesday night.
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Carbios, the French sustainable plastics company, has unveiled plans for a €105m capital raising to finance the next stage of its growth, with the backing of major shareholders.
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Emmanuel Regniez has left his position as head of France investment banking and coverage at Citi to take up a co-head role at Bank of America, as the latter beefs up its presence in the country.
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Bpifrance is looking to become a regular issuer of green bonds, following its debut deal in the format this week.
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Equity investors lined up for a slice of shares in Euronext on Thursday night, in a €213.7m block trade by two shareholders selling down their stakes before the company’s €1.8bn rights issue.
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Bpifrance achieved a solid result as it sold its first green bond on Thursday, which came alongside another green bond from a compatriot issuer.
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Muenchener Hypothekenbank (MuHyp) priced the tightest ultra-long dated Pfandbrief in 18 years this week, setting the record a day after Bayerische Landesbank (BayernLB) priced the tightest covered bond of the year and the tightest Pfandbrief since late 2018.
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Euronext, the European stock exchange operator, has launched its long-awaited €1.8bn rights issue to part-fund its acquisition of Borsa Italiana Group from the London Stock Exchange Group.
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There is a golden opportunity for banks to set a precedent by issuing sustainability-linked bonds across the capital stack, rather than waiting for regulators to finish fretting over the guidance.
