Europe

KfW extended its syndicated euro curve to 2039 on Monday as it brought a new 20 year line that was priced flat to fair value.

Globalworth Real Estate, the London-listed real estate investment trust focused on Romania and Poland, has completed the sale of up to €500m of fresh equity to finance its pipeline of investment opportunities.

DZ Hyp has mandated lead managers for a rare 15 year benchmark Pfandbrief, which is expected to go very well in the context of the negative rate environment and scarcity of supply in this part of the curve. The transaction could well catalyse other issuers to bring 15 year deals of their own.

ABN Amro issued its fourth green bond on Monday, pushing its maturity curve out to 2026 in senior debt. The deal was subscribed more than three times over its size of €750m.

Greatwell Homes, the UK housing association headquartered in Northamptonshire, has raised £40m private placements (PP).

The Basque Government has picked banks to issue what will be its biggest bond in the public markets for 10 years.

Russian equity capital markets have enjoyed the best start to the year since 2013, the year before sanctions were first levelled against the country after the annexation of Crimea.

Austrian plastics maker Borealis has returned to the Schuldschein market, seeking euros and dollars.

The Bank Recovery and Resolution Directive (BRRD) probably offers more definitive protection for covered bond investors than the newly minted Covered Bond Directive, delegates at the 12th annual IMN covered bond conference in London heard last week.

CPI Property Group hit screens on Monday, announcing a call to promote a new subordinated euro bond.

Turkish bank and sovereign debt valuations are making a modest recovery in capital markets, despite confusion surrounding Turkey's local election results last week.

The results of the European Central Bank’s latest supervisory review and evaluation process (SREP) showed that one bank fell in breach of its capital requirements in 2018.