Europe

Nordic and Eastern European telecoms group Tele2 is planning to fund its acquisition of peer Com Hem with its first bond in euros, as borrowers return from earnings blackouts leading to more activity in the primary markets.

Switzerland’s Gunvor has signed a $745m green loan, with the commodities trading company saying it is the first of its kind for the sector.

Swedish Covered Bond Corp (SCBC) had a tough time on Tuesday attracting a convincing order book for its fourth covered bond of the year, possibly reflecting difficult market conditions, its frequency of issuance and the tenor of its deal. In contrast, Crédit Mutuel Arkéa managed to quickly pull in demand for a shorter deal.

The UK Treasury has published a draft statutory instrument that will allow UK authorities to properly oversee UK over-the-counter (OTC) derivatives markets in “any scenario” after the UK leaves the European Union.

Berlin Hyp returned to the euro market on Tuesday to increase the size of its inaugural preferred senior notes to €500m, at an unchanged spread from the original issue of 13bp over mid-swaps.

Erste Group has arranged a Schuldschein via blockchain, through a platform it helped construct alongside Linux Foundation’s Hyperledger Fabric.

Avast, the London-listed Czech cybersecurity company, is still trading above the issue price of a block trade of Monday night, marking a good result for the seller and the banks on the deal in a tough week for world benchmark indices.

BlackRock has launched a suite of new investment products designed to allow investors to build a portfolio of ESG investments with six new exchange-traded funds.

Dutch airport owner and operator Royal Schiphol Group launched a green bond this week to fund clean buildings and transportation, after announcing the trade two weeks ago.

Summit Partners has launched the first selldown of shares in Avast, the Czech cyber security company, since its £602m IPO on the London Stock Exchange in May.

Mizuho has hired an equity-linked banker from Deutsche Bank for its equity capital markets business in London.

Blue Ocean Maritime Income, an investment trust seeking to list in London, has decided to postpone an IPO because of investors' newfound risk aversion, in particular towards the shipping industry.