Europe

Barclays announced on Tuesday that Lisa Francis, who had been head of European corporate FX sales, will become chief executive of the private bank for UK and Ireland.

Coca-Cola Icecek is refreshing the buyside with the first Turkish corporate trade for 18 months. However, while the deal was “flying out of the door” according to one syndicate banker, the 25bp-30bp pick up over the Turkish sovereign is not quite enough to quench the thirst of some.

The goal of making the RMB a global commodities currency is not a job for those looking for quick successes. But recent moves from Russia and the Middle East have laid further bricks on the road to glory for China.

US chicken processor Pilgrim’s Pride Corp plans to fund its £1bn buyout of UK peer Moy Park with cash in hand, an extension of its term loans, and a new debt issue to repay a JBS subordinated note.

Paragon, the German car parts company, is preparing to float Voltabox, its subsidiary that produces lithium ion batteries, through an IPO on the Frankfurt Stock Exchange.

An exceptionally busy week in the European equity block trades market began with a bang on Monday night, with four large trades, from Sweden, Turkey, the UK and the Netherlands.

Banca Intesa has found relief from its efforts to offload a €5.2bn loan it made to Glencore and Qatar Investment Authority for the acquisition of a 19.5% stake in Rosneft, eight months after it fully underwrote the debt.

Austria has picked banks for a five year bond to be launched on Tuesday, but may also extend its curve to 100 years.

Mark Carney has taken over two chair positions at the Bank for International Settlements (BIS), just as he is due to step down from the Financial Stability Board (FSB).

Anglo-Dutch consumer goods company Unilever printed the fifth sterling corporate bond deal in three days on Monday. The £500m dual tranche deal offered investors seven and 12 year tenors.

A new name for the SSA market hit screens on Monday, picking three banks to run a dollar five year transaction. The borrower will share the market with dollar trades from Dexia Crédit Local and Finland.

On Monday, Japanese brewer Asahi Group brought the fourth European bond issue by a beer producer in Europe in 2017. The €1.2bn dual tranche offering was the largest of four new issues in the euro corporate bond market, all of which were rated triple-B and paid double digit new issue premiums.