Europe

Rabobank has appointed Thomas Levin as a senior coverage banker, joining from Mizuho.

Fear of US sanctions kept Russian borrowers out of the market for much of 2018. Now they’re coming back, and investors would be well advised to get involved.

This year’s bull market in credit and equities stems from central banks trying to soften the blow of a downturn, rather than from expectations of actual growth. This irony cannot last, for reasons of economics, policy and politics.

Sachin Goel has left Royal Bank of Canada to join Millennium Management as an assistant portfolio manager, GlobalCapital understands.

Bankers away from Andalusia’s 10 year euro benchmark are heaping praise on the trade, which was priced on Tuesday.

The State of North-Rhine Westphalia received a rapturous reception from investors for the syndicated reopening of its century bond on Tuesday, allowing it to print over five times the initial target size.

Skipton Building Society has mandated leads for its first Sonia-linked covered bond. The issuer follows National Westminster Bank and takes advantage of an improvement in sentiment that followed a UK Parliament vote last week.

Investors and market makers have told the UK’s Debt Management Office (DMO) to bring a syndicated bond in May, but there are mixed views on what maturity the issuer should target.

Roman Abramovich let a consortium of three Russia oligarchs in a £151m selldown of shares in Evraz, the London-listed Russian steel and mining company on Monday night.

Stadler Rail, the Swiss train maker, is gearing up for an IPO on the SIX Swiss Exchange in April, having filed an intention to float document on Tuesday.

Citigroup’s new operations in Frankfurt are designed to help it continue offering services for clients after Brexit, and it is moving around 80 staff from London. It is one of a number of big US banks to expand in the German city.

UK capital goods firm CNH Industrial has signed a €4bn revolving credit facility in a rare bout of activity in the high grade loan market, with bankers saying the lethargy is going to continue for the foreseeable future.