Bank of America

The privatisation IPO of Poste Italiane, set to be one of the highlights of the ECM calendar in the second half of 2015, took another step forward on Tuesday when the company filed its request for listing to Borsa Italiana and its prospectus to Consob for approval.

Berenberg has strengthened its US-focused team, hiring a new chief economist to focus on the region.

Swedbank kept euro denominated FIG supply ticking over with a five year floater on Tuesday, but bankers said the deal’s small oversubscription would do little to convince others to pull the trigger this week.

A senior CEE originator at Bank of America Merrill Lynch has left the company.

Royal Bank of Scotland’s painful restructuring was rewarded by the capital markets this week as investors swarmed all over an equity block and threw $26bn at the state owned lender’s debut additional tier one bond.

Export Development Canada returned to floating rate syndications for the first time since 2013 on Thursday. Demand was strong enough for the agency to print a deal double the original target size.

ICICI Bank had a fantastic outcome to its first US dollar issuance of the year, raising $500m this week with no new issue concession and even getting the seal of approval from bankers away from the deal.

A loan that had been in syndication since April from vehicle parts producer Hyva Global has been signed, with a mix of Asian and Western banks and one institutional investor joining. The deal started out at $295m but wound up at a much slimmer $195m after failing to gather steam amid concerns over the industry and the company’s weak sales in slowing China.

ICICI Bank is back for more dollars for a new five year bond on August 5, its first outing in 2015.

KfW has visited the syndicated market with in bond in an unconventional tenor on a Friday — typically a quiet day for deals — for the second week in a row.

High-grade US dollar FIG issuance broke records for July as banks dominated the calendar.

Problems in Chinese and emerging market economies have become the biggest fear for credit investors for the rest of 2015, according to Bank of America Merrill Lynch’s July Credit Investor Survey — having not featured at all as a concern in the bank’s May poll.