Europe

Euroclear’s refusal to continue settling Rusal trades when US sanctions were slapped on the company on April 6 may have saved many US bond investors from crystallising crippling losses. If the US plans further rounds of similar punishments, it should turn that happy accident into a permanent feature of the sanctions process.

Nitrogénművek found demand at the second time of asking on Friday, raising €200m with a seven year note after first attempting to bring a deal last year.

Investors are hedging and betting on oil prices as markets remain unsure about whether or not US President Donald Trump will pull out of the Iran nuclear deal.

HSBC announced changes to clean up its regulatory capital profile in results last Friday. But it was accused of favouring shareholders over debtholders by issuing additional tier one (AT1) debt at the same time as buying back equity.

This week's funding scorecard looks at the process French agencies have made in their funding so far in 2018.

The UK Debt Management Office has announced the banks that will run the orderbooks for its first syndication of the new funding year.

Vonovia, the largest residential property company in Germany, raised €1bn on Thursday night to finance its proposed acquisition of Victoria Park, the Swedish property company.

The European Banking Authority has been granted a two month extension to complete its assessment of the case for European Secured Notes (ESNs).

Bayer has taken the last step towards separating Covestro, its former plastics division, after pricing the biggest equity block trade of the year so far.

Shares in Vivo Energy, the African fuel distributor, rose more than 3% on its first day of trading on the London Stock Exchange on Friday, after its £558m IPO attracted substantial demand.

The Swiss Exchange has acquired a microwave trading company that could accelerate the time it takes to transmit trades.

Bank of China (BoC) plans to play to its strengths by deploying its balance sheet and providing liquidity to parched investors. With syndicate and trading operations in place, it has hired Tim Skeet as head of Western European origination.