UniCredit
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UniCredit’s global head of equity capital markets and equity syndicate has left the bank after allegations of having done inappropriate side work for Markus Braun, former CEO of the collapsed Germany payments company Wirecard. -
Environment, social and governance (ESG) themed debt has dominated the senior market this week, with the format helping to secure more execution certainty in a softer trading environment.
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The State of Baden-Württemberg will be holding investor calls this week to introduce its new green bond framework ahead of a debut deal in the format.
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NatWest Group sold the first social housing bond from a UK financial issuer on Tuesday, attracting a highly granular peak order book of over €4.5bn. Investors have latched onto environment, social and governance (ESG) linked bank supply over the past few weeks, with two more labelled deals set to follow in the coming days.
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EP Infrastructure, the Czech Republic-headquartered energy infrastructure group, launched a euro bond on Tuesday. By midday, books had almost reached €3bn.
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US high grade corporate names hit the European market at the outset this week with WP Carey and General Motors selling bonds and Equinix mandating for a green deal. But syndicate bankers say rising US rates are still some way off the sweet spot to make the euro market irresistible for all Reverse Yankee issuers.
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Infrequent Nowegian borrower SpareBank 1 Østlandet is set to print its first green bond as it looks to extend its benchmark senior curve out to 2028.
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EP Infrastructure, the Czech Republic-headquartered energy infrastructure group has mandated banks to syndicate a bond in euros. Though much of supply from the CEE region last year came from sovereigns, market participants believe now is a good time for corporates to issue in debt markets.
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A report that Jana Hecker, global head of equity syndicate and equity capital markets at UniCredit, had worked privately for Markus Braun, the imprisoned former CEO of Wirecard, stunned UniCredit employees on Friday afternoon when it appeared in the Financial Times.
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A pair of sovereigns privately placed century bonds this week, with one of the borrowers — Ireland — dipping below the 1% point for the first time at this sort of tenor.
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This week was the busiest of the year so far for bank senior supply in euros, as issuers took advantage of strong market conditions after posting full year results.
