Credit fund manager Neuberger Berman has withdrawn a capital raising offer for its ASX-listed NB Global Corporate Income Trust, citing extreme market volatility.Its decision follows Monday's announcement by BNK Banking Corp that it had withdrawn a planned non-renounceable rights issue.Neuberger Berman's offer of three units for every four existing units was designed to raise up to A$684.9 million.In a statement to the ASX the trust's responsible entity Equity Trustees said: "Due to extreme market volatility resulting in material discounts in the trading prices in the ASX, compared with the net tangible assets per unit, and following extension of the issue date for the allotment of units under the entitlement offer, the responsible entity advises that it has determined not to proceed with the offer."The NB Global Corporate Income Trust invests in global high-yield corporate debt securities. The manager targets monthly distributions equivalent to a yield of at least 5.25 per cent a year, with modest growth in assets over time.It was listed on the ASX in September 2018, with a capital raising of $413 million. The annualised distribution rate for the financial year ended 30 June 2019 was 6.24 per cent.BNK announced on February 18 that it had reached agreement with "certain institutional and sophisticated investors" to raise A$7.02 million by way of an equity placement. The bank said the capital raising was to fund growth in its lending business and strengthen its balance sheet. It has plans to establish a securitisation program.The bank also announced a one for 10 non-renounceable pro rate entitlement offer to raise up to $5.6 million. The offer was to have been launched after the release of the bank's interim result last Friday.