Europe
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The French region mandated banks on Friday for its first green and social bond, which has been targeted for the long end of euro curve. -
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Shares in Investec, the Anglo-South African banking group, rose 8.7% on Friday after it announced that it had decided to spin off and list its asset management unit, following a strategic review.
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Bank Nederlandse Gemeenten is planning to issue its first syndicated sustainability bonds of the year.
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French polling and market research firm Ipsos issued its first public corporate bond on Friday, following an investor update, but the responses the company received on the call were inconclusive.
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Abanca, a small Spanish bank based in Galicia, is looking to sell its first additional tier one bond in the wake of a very successful print from its domestic peer Bankia.
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Pension Insurance Corporation sold £350m of tier two capital in the sterling market on Friday, as UK issuers weather a period of ‘maximum uncertainty’ owing the UK’s departure from the EU.
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Exchange and tech group Nasdaq has made a $190m all cash offer to buy Cinnober, the Swedish Fintech company.
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ING raised €3.5bn of senior debt from its holding company on Friday, having been met with a whopping €12.5bn of orders from investors.
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The Cover and GlobalCapital held the annual Covered Bond Awards Dinner on Thursday night at BMW Welt in Munich, celebrating the best performers in the market.
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A Norwegian trader lost millions on Wednesday in a bad bet on the German and Nordic power markets, putting other members of Nasdaq Clearing on the hook for €107m in losses. The clearing house withstood the test to its capital buffers, but Nasdaq must be clear about what went wrong and what steps need to be taken to maintain confidence in its systems.
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