Europe

Mathias Noack, co-head of debt capital markets for EMEA at MUFG, has been appointed as Loan Market Association chairman by the board.

KfW has entered the Blockchain race, after simulating a trade in real time using distributed ledger technology, the agency said on Monday.

AMS, the Austrian maker of sensors and microchips, opened a new week in the equity-linked market on Monday with its first ever convertible bond issue, which was priced at attractive terms for the issuer.

Bank Nederlandse Gemeenten has opened dollar proceedings for the week, mandating for a three year trade as swap spreads in the tenor hit their highest level in months. Other issuance in the currency could come from European Investment Bank, which has been rumoured to be considering a deal for a few weeks.

Tradeweb, the electronic marketplace provider, announced on Monday that it had completed the first cleared inflation swap using an electronic request-for-quote (RFQ) system.

Volkswagen Leasing brought its second euro corporate bond deal of 2017 on Monday. The €2.25bn dual tranche offering took Volkswagen’s total issuance this year to €17.25bn. This is more than twice as much as General Electric, the next highest issuer by volume.

Heineken used the quieter end of the week in terms of issuance to price its second benchmark corporate bond issue of the year. The sixth benchmark issue of the year in Europe by a beer producer was the only deal in the market on Friday.

Credit Mutuel Arkéa (CM-Arkéa) this week issued the tightest French 10 year covered bond in euros this year with a deal that gave funding that was cheaper than anything it had previously issued.

Investors piled into a Unione di Banche Italiane (UBI) €1.25bn 10 year Obbligazioni Bancarie Garantite on Monday, despite it offering no new issue premium and being the issuer’s largest and longest transaction in at least six years

Turkey’s state-owned Ziraat Bank on Monday morning took orders of $1.25bn of its second senior trade of the year.

The €350m IPO of GIMA TT, the tobacco packaging machinery division of IMA, is covered throughout its price range and is expected to be priced near the upper end.

Mizuho Financial Group has mandated for a senior green bond deal, as Sumitomo Mitsui Financial Group (SMFG) starts its roadshow for a similar trade this week.