Barclays

Sweden is set to bring what could be the tightest SSA dollar benchmark of the year, as swap spreads in the currency moved back near their 2017 highs.

Segro, the UK real estate investment trust, successfully completed its £576m rights issue with a £16.7m rump placement on Tuesday morning.

Barclays’ head of EMEA leveraged capital markets is set to leave the bank, according to sources with knowledge of the matter.

Shares in Cobham, the troubled UK aerospace and marine technology company, fell 1.9% on Monday after it revealed that it was being investigated by the Financial Conduct Authority for its handling of inside information before its trading update in April 2016, when it announced its last rights issue.

Investment grade Chinese issuers are lowering their costs of funding in the euro bond market as the region’s liquidity improves, while the door also remains open to high yield issuers with operations in Europe, according to panellists speaking at the China DCM summit in Beijing last Thursday.

Allocations have emerged for a $1.75bn multi-tranche borrowing by Indian conglomerate Reliance Industries, with retail liquidity ending up concentrated on a longer dated portion.

Chinese issuers Fujian Yango Group and Tewoo Group Co, alongside Fullerton Healthcare Corp from Singapore, are wooing investors for their respective dollar bonds with roadshows set to take place this week.

Barry Meyers, head of UK equity capital markets at Barclays for the past two years, will rejoin JP Morgan in June after three months' gardening leave.

A $1.75bn borrowing for Indian conglomerate Reliance Industries, which entered general syndication at the beginning of February, has wrapped up, with allocations expected to be issued soon.

Volkswagen stormed back into bonds on Thursday for the first time since its emissions test cheating scandal 18 months ago. And the €8bn blowout that paid investors a chunky premium to allay their fears about the company is just the start of the firm’s market rehabilitation, writes Michael Turner.

Buying Panmure Gordon may not be the Bob Diamond comeback that everyone was clamouring for, but it could mark the first step in the formation of a non-bank financial player in the mould of Cantor Fitzgerald, writes David Rothnie.

Another day, another €1.5bn of high yield bond offerings was what Tuesday’s deals from Aramark, Anglo American and Arrow meant for a European market awash with double-B rated paper. But too much of a good thing is putting off some traditional high yield buyers.