Barclays

Barclays has mandated itself for a roadshow and plans to issue its first sterling covered bond in more than two years.

Cobham, the UK aerospace and marine technology company, has finished its second rights issue in 12 months, after the leads completed a small rump placement.

The UK Debt Management Office has picked the lead managers for the first syndication of its 2017-18 financial year, which it has scheduled for the week beginning May 15.

The public sector dollar market is set to put a series of obstacles behind it to resume full pace next week — but issuers may opt to instead take advantage of sumptuous conditions in euros.

Three public sector borrowers hit screens in sterling this week, including a rare floating rate note from the Province of Ontario, which made use of the currency for the first time in six years.

FMS Wertmanagement nipped into a quiet dollar market to print a three year Reg S only syndication, the issuer’s first dollar deal at that point of the curve to come through mid-swaps this year.

General Motors Financial Co made its first journey of the year to the euro bond market on Wednesday, issuing a €1bn four year floating rate note.

Brisa Concessão Rodoviária printed a €300m 10 year bond on Wednesday, extending its maturity curve to 2027.

A pair of European borrowers have ventured into the otherwise deserted dollar market, ahead of a Federal Reserve rates decision tonight.

Investors were rewarded handsomely if they bought into Barclays’ $2bn tier two on Tuesday, after the deal performed very well in the secondary market.

Global Ports Holding, the independent cruise port operator, has set the price range for its IPO on the London Stock Exchange.

Barclays’ global banking business saw a strong start to the year, but without the huge percentage increases seen at its peers. It’s the comparison quarter that made the difference — Barclays was stronger in the turbulent first quarter last year than many other investment banks.