Europe

Croatia has tightened price guidance for its long 12 year bond and has an order book of over €3bn for the deal, which could be up to €1.275bn.

There are 15 minutes to go, your team is a goal ahead. The manager has the classic dilemma of throwing on another striker (or three if he is Kevin Keegan) to try and get a second goal to put the result beyond doubt, or replacing his flair player with another defender and trying to hold on to the lead.

Principality Building Society was marketing its first senior unsecured deal in more than a decade in the sterling market on Thursday, as Sainsbury’s Bank opened books on its first ever subordinated bond transaction.

Bank of China's Paris branch raised almost $1.5bn across three currencies and tranches on Wednesday, marking the fifth offshore green bond from China this year. Concord New Energy had contrasting success and pulled out of a planned deal.

Central and eastern European real estate giant Nepi opened books on its first deal as newly formed Nepi Rockcastle on Thursday morning.

Barclays is courting Singapore investors on Thursday for a benchmark subordinated Singapore dollar bond.

The De’Longhi family, founders of the Italian maker of coffee machines and kitchen appliances, sold a block of shares in the company on Tuesday night, for the first time since 2012. The shares fell 13% on Wednesday.

Russian retailer Magnit is continuing its capital raising efforts, after its CEO Sergey Galitskiy sold a block of shares on Tuesday night, in the first leg of what is locally called “a top-up” transaction.

Investors are keeping pace with heavy issuance in the European leveraged loan market, with ticket sizes increasing in response to a rush of jumbo sized loans this week, including a $2.4bn equivalent deal from Paysafe.

Cores, Spain’s strategic oil reserves manager, has returned to capital markets for the first time in two years, defying Spain's political turmoil to raise €400m while slashing 7bp from its initial spread.

Shares in Nyrstar, the Belgian zinc and lead smelting company, fell 11.3% on Wednesday after it priced a €100m capital increase on Tuesday night to finance new investments.

VTB Capital is making headway in seeking to grow its capital markets and investment banking business in Asia, after growth plans in the US and Europe were stymied by sanctions.