Barclays

Senvion, the German wind turbine maker, has set the price range for its Frankfurt initial public offering at a level that implies a heavy discount to its main listed peers.

Public sector borrowers from the eurozone periphery are preparing a flurry of issuance in the next few days, with one still smarting from a change to its rating outlook late last week.

UK metering services company, Smart Metering Systems (SMS) has signed a £150m club loan and increased the deal size to take advantage of a government scheme to boost smart meter installation.

Policymakers and regulators, be warned: US investment banks are poised to exceed the market share of their European counterparts in Europe, which could set back European initiatives to stabilise the region’s banking sector while increasing corporate and retail access to capital.

The arrest of former Brazilian president Lula da Silva gave new urgency to a strong rally in Brazilian bonds on Friday after the market appeared to take the detention as a sign that president Dilma Rousseff was closer to impeachment.

Barclays offered to buy back up to €8bn of operating company debt on Tuesday, having reiterated in its annual results a commitment to restructuring its investment bank around a holding company funding model.

Barclays' new chief executive is looking for a lot of leeway from shareholders. Selling off a profitable part of the business to double down on a less profitable line is a bold call. The market can't be this bad forever, but don't expect the dividend back any time soon.

Barclays’ plan to cut its exposure to African operations has left emerging market bond and loan bankers puzzling what future the firm has in the region — historically one of its areas of strength within CEEMEA — but it will leave the UK firm better capitalised.

A shocking February in which two proposed deals failed to emerge seems to have killed off the European high yield market. It still has its champions, who insist brighter things are in store, but there are plenty who doubt whether a reopening is in sight, writes Max Bower.

Five year bonds continue to dominate the public sector dollar market, with the World Bank and European Investment Bank securing oversubscribed books at what is proving to be the sweet spot for the currency.

British Telecommunications plc (BT) on Thursday joined the surge of blockbuster multi-tranche deals that has hit the euro bond market since mid-February as it raised €3.9bn of bonds across three tranches.

Barclays wants to put its restructuring behind it once and for all. That will require someone of great skill to succeed its outgoing investment bank boss and silence the doubters, writes David Rothnie.