Europe

The Milan listing of Nexi was covered on March 29, the same day as books opened, attracting solid interest from buyers that see opportunities in jumping on a potential Italian payments revolution.

Carlo Palombo and Colin Bermingham were sentenced on Monday by a UK court for manipulating Euribor rates during the financial crisis.

AstraZeneca, the British-Swedish pharmaceuticals giant, has priced a historic £2.7bn accelerated transaction ($3.5bn) to fund a transformational oncology collaboration. But sources close to the deal say that execution was complicated by Brexit drama last Friday.

Berlin Hyp has offered to buy its sole remaining public sector Pfandbrief, which is due to mature in May, after Moody’s withdrew the bond’s Aaa rating on Monday.

Canadian-listed financial firm Canaccord Genuity is reducing its capital markets operations in the UK as a result of doubts over the country’s politics and markets.

Man Group has plucked an investment director from GAM to head up its European private debt business, and lead Man GPM's commercial and real estate debt team.

Banca Carige has sold one of its outstanding covered bonds back into the market as the ailing Italian lender comes into a crucial period for turning its business around and attracting buyout bids.

Adevinta, the online classified advertising division of Norwegian media group Schibsted, has set the price range for its IPO on the Oslo Børs, which may value the company at up to Nkr55.8bn (€5.8bn) if the deal is priced at the top of the range.

Westpac and Compagnie de Financement Foncier (CFF) kicked off the new quarter on Monday with large euro benchmarks that were priced flat to their curves.

Turkey’s ruling party AK was victorious in Sunday’s local elections, although polling poorly in major cities — a result that investors think will hasten economic reform.

Livin Housing, a housing association operating in County Durham in the northeast of England, has raised £65m in the US private placement (US PP) market. It joins other smaller housing associations finding a funding nest in private placements in the past few years.

The IPO of Stadler Rail, the Swiss train manufacturer, is already covered after opening the books on its Sfr1.4bn IPO on the SIX Swiss Exchange on Monday morning, according to a banker involved in the deal.