Barclays

Barclays has promoted one of its most senior bankers to an expanded position overseeing its banking activities outside of the Americas.

Iron Mountain, Bormioli and Constellium revved up the engines of the European high yield market with new deals announced on Tuesday that pushed overall issuance so far this year closer to 2014’s all-time €84bn high.

Corporate bond issuers are targeting the second half of this week to bring their deals to market. Tuesday’s German Unity Day public holiday is being seen by syndicate managers as having more of an impact on issuance plans than Sunday’s events in Catalonia.

Shares in Charter Court Financial Services, the UK challenger bank, rose 5% on their debut on Friday, after the company priced its IPO at 230p a share, the middle of the initial range.

Barclays was looking to add to the £4.8bn equivalent of senior funding it has done this year with a sterling deal in a ‘hot’ tenor on Friday. The deal arrived as Mark Carney, the governor of the Bank of England, talked about a rise in interest rates in the near term.

Nearly three months without Masala bond issuance has left investors hungry. But Indian Renewable Energy Development Agency gave investors something healthy to chew on this week — using the structure to sell a Rp19.5bn ($297m) green bond.

Northumbrian Water brought the first sterling corporate bond of the week when it announced a £300m 10 year deal on Thursday. It was almost a year to the day that it priced an identical deal.

Dollar borrowers failed to take advantage of pent-up demand and tightening spreads as US corporate bond supply recorded a lacklustre end to the month.

Total, the French oil company, has been a frequent issuer of euro bonds, raising €7bn in 2016 and more than €5bn in each of the two previous years. However, it waited until the last week of September to sell its first new issue in euros in 2017.

Automotive finance companies rarely issue corporate bonds with tenors longer than four or five years, due to the assets they need to fund. This week, however, three of them sold five year bonds.

Public sector borrowers this week smashed through their conventional curves with green bond issues. But there was some debate over whether this marks the start of a trend or is merely the product of scorching conditions in both the euro and dollar markets.

The European Bank for Reconstruction and Development on Thursday rounded out a busy week for green bond issuance with yet another deal that was covered before books officially opened.