Barclays

Barclays has promoted Marco Baldini to head of European bond syndicate as it moves to a more multi-disciplinary team structure.

FIG spreads failed to grind tighter again on Tuesday, as investors remained nervous about the result of the UK’s referendum on EU membership this Thursday.

Barclays has made several senior appointments to its Asia Pacific and EMEA syndicate teams, combining its bond and loan platforms.

Enav, the Italian air traffic control system company, began its privatisation IPO on Monday, with the publication of research. Meanwhile, plans are taking shape for the IPO of Avio, the Italian space propulsion firm.

Barclays has restructured a book of controversial local authority and housing association loans to waive its rights to amend the interest rates on the loans at given periods.

Manchester Airport Group, the UK airports company, has signed £560m of refinancing loan facilities after a recent bond issue.

China Development Bank sold a $1bn bond on Thursday, wrapping up its third offshore outing of the year. Thanks to its quasi-sovereign status as well as savviness in timing, the policy bank managed to catch an opportune window for issuance.

Capital markets this week finally faced up to the possibility of the UK voting to leave the European Union in next Thursday’s referendum. There was a distinct whiff of panic in European bond markets, after latest polls showed the Leave campaign was not only gaining momentum but establishing a lead, prompting investors to race into safe haven assets such as Bunds and US Treasuries and selling out of bonds of issuers most likely to be affected by Brexit.

Ethypharm, the French pharmaceutical firm, has allocated a €337m seven year term loan ‘B’ at tighter pricing than initial guidance, following a heavy oversubscription.

Asia’s bond markets have remained resilient despite a Federal Open Market Committee meeting this week and rising concerns about the UK referendum on European Union membership. With deal flow building up for next week, bankers said Asian issuers stand to benefit from volatility in Europe, writes Narae Kim.

Barclays has appointed Anthony Davies as chief executive of the bank's Hong Kong branch, according to sources.

As European leveraged finance markets skid towards next week's UK referendum on EU membership, French glass bottle maker Verallia this week combined bonds and loans to cut its debt costs and pay Apollo Global a dividend.