Europe

EA Partners II, the structured high yield bonds backed by loans to several airlines which are partners of Etihad, announced a note event of default on Friday, thanks to the low bids it received for loans to Air Berlin and Alitalia, both of which collapsed last year.

The Derivatives Service Bureau (DSB) has reached out to European trading venues and banks to hash out an acceptable fee model for its regulatory services in a new consultation published on Monday.

Sparebanken Vest Boligkreditt has mandated joint leads for a five year euro benchmark covered bond that will likely launch on Tuesday.

Compagnie de Financement Foncier (CFF), which had financed the mortgage and public sector lending activities of Crédit Foncier and BPCE Group, will in future issue Obligations Foncières to refinance only the public sector assets of the BPCE Group.

Metals tycoon Anil Agarwal has made a possible offer to take full ownership of Vedanta Resources, the London-listed mining company, for 825p a share, as UK M&A continues to drive a sharp increase in lending in the currency.

Two borrowers, Marlink and Iris Software, offered a string of new medium sized leveraged loans this week, following the recent launch of some highly anticipated jumbo deals that sources say have helped renew investor interest in the European market.

Berlin Hyp (BHH) was on Monday set to issue its largest covered bond in four years, and with the shortest tenor of any European deal so far this year.

The Dutch government is planning to get rid of tax deductions for coupons on the tier one securities issued by banks and insurers, after the European Commission said that their tax treatment could raise state aid concerns.

Novo Banco announced the successful pricing of its first public bond issue on Friday afternoon, with the vast majority of investors coming from outside of Portugal despite protests from international investors.

Barclays is working hard to expand its equity capital markets business in Northern Europe, in a bid to capitalise on what it expects to be a busy few years for the region.

ASA International Group, the microfinance firm which lends to female entrepreneurs and small business owners in developing economies, has set a price range for its London IPO.

As the second half of 2018 started, the corporate bond pipeline was healthy. The immediate problem for the market to solve was not one of supply or demand, but how it might handle turbulence if the German government was to break up.