Europe

Three European agencies and a Washington supranational tapped 10 year Australian dollar bonds this week, as the demand for long end Kangaroo paper remains healthy.

With the benchmark corporate bond market pausing ahead of Thursday’s European Central Bank meeting, Deutsche Bank sold two sole-led sub-benchmark deals following Monday’s feast of issuance.

French food supplier Danone achieved what is believed to be the most tightly priced corporate hybrid capital issue ever on Monday.

The prospect of Greek banks issuing tier two capital early next year was heightened this week after two more of the country's big four institutions successfully printed covered bonds, writes Bill Thornhill.

RBC Capital Markets has hired a former Nomura banker to run its M&A business in Germany, Austria and Switzerland.

Corporate issuers returning from results blackout wasted no time in wading back into the bond market this week, and with investors confident in predictions that the European Central Bank would not spring a nasty pre-Halloween surprise, the result was a series of blow-out books, jumbo deals and tight pricing. Nigel Owen reports.

The Prudential Regulation Authority (PRA) has proposed clarifications to the matching adjustment (MA) in Solvency II, which helps UK insurers invest in long term assets.

The European Central Bank has announced a reduction to the pace of its quantitative easing programme, conforming to the expectations of analysts and likely avoiding any major dislocation in eurozone spreads.

Companies planning to float in the UK will no longer be able to meet analysts from banks that want to manage their IPOs, under new rules published by the Financial Conduct Authority (FCA) this week.

The $1.5bn flotation of EN+, the aluminium and power company controlled by Russian oligarch Oleg Deripaska, in London and Moscow is coming during a hot time for the aluminium market and will help to seal a partnership between Russian producer Rusal and Glencore.

Despite a disappointing performance in FICC, Barclays is standing firm on its plans to allocate more balance sheet to the division and continue its run of senior hires in the business.

The European Central Bank has announced a reduction to the pace of its quantitative easing programme, conforming to the expectations of analysts and likely avoiding any major dislocation in eurozone spreads.