Europe
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VakifBank is the latest Turkish bank to refinance its existing debt, managing to secure a roll-over ratio of 100%. -
In this round-up, former Bank of China chairman Chen Siqing has been moved to be chairman of Industrial and Commercial Bank of China, China’s gross domestic product (GDP) grew 6.4% and the first batch of funds keen to invest in Shanghai tech board listing have received approval to do so
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In this round-up, numerous agreements were signed on the sidelines of the second Belt and Road Summit, US-China trade negotiations will continue next week and Chinese president Xi Jinping replied to a letter to students from an America high school
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Deutsche Bank and Commerzbank will have to sort themselves out without the help of each other, after merger talks collapsed this week. Speculation mounted as to whether Deutsche would now be forced to slash its investment banking operations, and about whether Commerzbank would be embraced by another European peer.
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Santander creates new sales role — Barclays origination banker leaves — Algomi co-founder helps another fintech
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Argentina and Turkey are firmly established as volatile names in emerging market credit. Both sovereigns have political and economic issues that place them in the highly vulnerable bracket.
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Crédit Agricole has become the latest European bank to tap into strong demand for long-dated covered bonds in euros, raising €1.25bn of 15 year funding on Wednesday without paying a new issue premium to investors.
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Uncertainty around how MiFID II’s trading obligation will function after Brexit is leading UK and European derivatives trading houses to consider executing trades in other jurisdictions.
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Guarantor: Kingdom of Belgium (51.41%), Republic of France (45.59%) and Grand Duchy of Luxembourg (3.00%)
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Rare issuer British Columbia returned to the MTN market this week with its first euro paper since January 2017, in two installments. MTN dealers reckon conditions are favourable for Canadian issuers.
