Europe

Sparebanken Vest (SparVest) on Thursday became the fourth Norwegian bank to publish a green bond framework and one of the first to publish a framework that is aligned with the European Union’s proposed standards for green bonds.

Credit Suisse sold a dollar-denominated additional tier one (AT1) bond on Wednesday. Despite hefty demand for the notes, the issuer only revised the pricing by a small margin as market turmoil increased through the day.

Political chaos in Italy disguises the progress made turning around the country’s banking sector.

Sweden broke new ground on Wednesday by selling a new 10 year bond with a negative yield for the first time. Investors are pouring into haven assets amid mounting concerns over both the domestic and global economies.

Chinese lending to and investment in central and eastern Europe is on the up. China has extended its reach to rival the influence of its western counterparts with its best weapon: money. But many bankers speaking to GlobalCapital this week think the trend is problematic.

German healthcare company Fresenius has launched a Schuldschein across three tenors.

Acadia Healthcare, which owns UK mental healthcare provider the Priory Group, needs the consent of lenders if it wants to go through with its plan to sell the company, a research company says. US-based Acadia could be forced to use the proceeds of the sale to deleverage.

Investment grade corporate bond bankers expect an increase in negative yielding corporate debt supply in September. Investors are likely to have to suffer it no matter how hard they push back.

The two to 10 year section of the gilt market inverted on Wednesday, strengthening portents that the UK is headed for a recession, though SSA bankers showed no concern about the moves.

Freyherr International Group, the Slovenian medical marijuana company, has priced its IPO on the London Stock Exchange.

With no major new issues in sight, the high yield bond market has been dominated by the news of troubled businesses struggling to come up with credible turnaround plans.

Ukrainian energy company DTEK is struggling to halt a slide in its bond trading since the National Anti-Corruption Bureau of Ukraine (NABU) issued notices of suspicion to six individuals — two of whom are DTEK employees — involved in a coal pricing controversy. The bonds have lost around five points in the space of a week.