Europe

French banks will have to comply with a countercyclical capital buffer requirement as a means of promoting financial stability amid a rapid increase in corporate debt levels.

Matthew Westerman and Julian Metherell, who both spent over 10 years as partners at Goldman Sachs, will run a new private investment firm together with Greek shipping tycoon, Peter Livanos,

Metro Bank is getting ready to sell its first ever subordinated bond as a benchmark sized tier two deal in sterling.

E.On has closed syndication of the €5bn loan financing for its €20.42bn takeover of Innogy, as part of the complex three-way deal between those two companies and RWE, which will reposition E.On as a distribution and supply company and RWE as a generator.

Kommuninvest is out with a dollar trade in what bankers expect to be a fairly quiet week bisected by a likely target rate hike by the Federal Open Market Committee.

CPPIB Capital will sell its first ever green bond this week, coming on the heels of a French region’s foray into green and sustainability bonds.

SSA borrowers are streaming into the euro market, flooding the early part of the week with deals in an effort to secure funding before a slew of central bank meetings towards the end of the week.

The FCA’s decision to press ahead with creating a new premium listing category for sovereign-owned entities has been criticised by UK parliamentarians and business groups, who are concerned that it will weaken corporate governance standards in the UK.

Sparebank 1 Boligkreditt took advantage of a slight improvement in sentiment on Monday to issue a €1bn five year covered bond while Møre Boligkreditt issued a sub-benchmark deal. The two banks followed DG Hyp which issued a nine year benchmark.

Medical diagnostics firm Unilabs launched a benchmark size extension of its loan debt on Monday, as a range of investors clamour for paper despite issuance volumes running ahead of last year’s record pace.

A move tighter in credit spreads was led by Italian banks on Monday morning, raising hopes that issuers will find room to navigate ‘tricky’ new issue conditions in the euro market this week.

A sensible choice of maturity and new issue premium helped Svenska Handelsbanken find strong demand on Monday for its first sterling-denominated senior bond in more than two years.