Europe

Covered bond deals sold on Monday by Compagnie de Financement Foncier (CFF), United Overseas Bank (UOB) Singapore and Deutsche Hypo were all well received and suggested that the European Central Bank’s (ECB) planned end of the covered bond purchase programme is not a cause for concern.

Funding Circle, the SME lending fintech platform, has launched its IPO process and is seeking to raise £300m on the London Stock Exchange.

Dutch brewer Heineken took advantage of a quiet market on Monday’s US Labor Day holiday to print a €1.25bn dual tranche deal with new issue premiums some participants saw in single digits.

Germany’s Cheplapharm Arzneimittel has signed €780m of loans, with the pharmaceutical company using the funds to refinance debt and fund acquisitions.

Sumitomo Mitsui Trust Bank announced a mandate on Monday for its first ever euro-denominated bond. The senior notes will finance green projects. Meanwhile, new issuer Euroclear Bank completed a deal last Friday.

French asset manager Tikehau Capital has appointed a head of private equity.

Two major derivatives industry trade bodies have warned of “fragmentation” and a “severe” impact on cross-border derivatives activity if a looming clearing deadline for certain intragroup transactions is not sufficiently extended.

The leveraged loan pipeline for September coughed into life this week, as AkzoNobel Specialty Chemicals unveiled the first jumbo deal of the week, a €5bn loan to support its buyout by Carlyle and Singaporean government fund GIC.

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Deutsche Hypo has mandated joint leads for a green Pfandbrief to be issued off its mortgage Pfandbrief programme.

Deutsche Börse, the parent company of derivatives exchange Eurex, is merging the sales and product design departments for fixed income and equity index derivatives at Eurex.

Czech company Atrium European Real Estate has hit the market with a deal first roadshowed in June, raising €300m with a seven year.