Europe

French pharmaceutical firm Ipsen is holding a roadshow for possible US private placement notes this week, according to market sources.

Société Générale has hired a new head of M&A for France, replacing Alexandre Courbon. Two bankers have also been appointed to lead the diversified industries sector.

Peripheral and UK covered bonds have weakened amid broader deterioration in credit market conditions. But with activity muted the main focus is on Tuesday’s Euromoney/ECBC Covered Bond Forum in Toronto.

Renaissance Credit has announced its intention to come to market for a Reg S euro subordinated bond. The trade will be the borrower's first trip to the market in almost six years.

Actividades de Construcción y Servicios, the Spanish building and services firm run by Florentino Perez, is seeking to list its renewable energy unit, Zero-E, as early as autumn 2019, according to two sources close to the transaction.

Financial institution issuers surprised market participants with no deals in the euro market on Monday after a busy period of roadshows. And as the week moves towards the European Central Bank's announcements on Thursday, issuance conditions might not improve.

Global Fashion Group, the emerging markets-focused online fashion retailer, intends to raise €300m to finance its growth via an IPO on the Frankfurt Stock Exchange, the company said in a statement on Monday.

Finnish local government lender Municipality Finance has appointed its first chief economist. The creation of the role responds to new guidance from the European Central Bank for MuniFin to have a better outlook on the market.

Emerging markets trader Vikramdeep Gill is joining Bank of America in July.

Greencoat UK Wind, the UK infrastructure investment fund focused on wind farms, has completed its latest equity capital raise to finance its pipeline of investments.

Mitsubishi UFJ Financial Group offered a voluntary redundancy package to London-based managing directors and directors on Thursday.

Ulf Erlandsson, the well known green bond investor, and Knut Kjaer, founding CEO of the $1tr Norwegian oil fund, are exploring starting a new investment strategy called Diem Green Credit.