Europe

Belarusian food retailer Eurotorg’s $350m new issue traded up in the secondary market on Thursday morning, demonstrating the high appetite for rare corporate bonds from emerging markets.

Swiss boutique investment fund Fisch Asset Management,has hired a new senior credit analyst for its high yield desk by raiding Barings.

The CEO of London Stock Exchange Group, Xavier Rolet, will leave the company by the end of December next year, it was revealed in a statement on Thursday.

Millenium Management has appointed a co-manager of its European Credit Fund, who was once head of European high yield syndicate at Royal Bank of Scotland.

All four of the investment grade corporate bond deals to price so far this week were preceded by investor roadshows. This leaves Verizon as the only publicly acknowledged deal yet to launch, but next week’s European Central Bank meeting may persuade some issuers to bring deals unannounced.

The non-US women's health unit of Israel’s Teva Pharmaceutical Industries is mulling the option of issuing its first term loans in euros to fund its buyout by private equity firm CVC.

EU politicians are determined to reach agreement on reforming the EU Emissions Trading System — which has so far eluded them — before the COP 23 meeting in November, and a fresh round of talks will be set up in the next couple of weeks.

Deutsche Bahn returned to the market after a two year absence with the longest dated Swiss franc bond from a German corporate. Swap costs have made it tricky for Deutsche Bahn to borrow in the Swiss currency. But the lead managers found a window at 13 years for the issuer to exploit.

EU regulators vowed to push ahead with an EU27 version of the 'Capital Markets Union' as they look at life after Brexit.

Major clearing house LCH on Wednesday announced that its COO, Daniel Maguire, has been appointed CEO of the firm.

LCH has begun clearing Swiss Franc interest rate swaps referencing the Swiss Average Overnight Rate (Saron), with Basler Kantonalbank, Credit Suisse and Zürcher Kantonalbank among the first to clear using the new benchmark.

The Joint Laender printed €1bn of 10 year paper on Tuesday, filling the book unusually quickly for a Laender deal. The deal was joined in the market by a European Union (EU) tap of an April 2031 line.