Europe

BBVA and CaixaBank tapped into strong demand for their first senior non-preferred bonds this week, and other Spanish names could join the party with national legislation for the instrument in place.

FMO, the Netherlands development agency, this week became one of the only borrowers to issue synthetic bonds referencing the Myanmar kyat.

SSE, the UK electricity, gas and telecoms company, brought its inaugural green bond on Wednesday in a deal that was years in the making.

Carlsberg Breweries issued a rare six year euro bond this week that caused disagreement among market participants over its new issue concession, with some, who were off the deal, reckoning the premium is lower than leads’ estimations.

Brexit talks about Britain’s place in the European Investment Bank (EIB) failed to move forward this week, and called into question the status of many UK loan applications that remain on hold.

German banks printed the only euro denominated covered bonds in the primary market this week, with Deutsche Pfandbriefbank and Berlin Hyp selling mortgage-backed deals in the belly of the curve.

CME Group on Wednesday shut its London-based derivatives exchange, CME Europe, and clearing house, CME Clearing Europe. All positions that were still open on August 30 have now been closed and settled.

Three Swedish banks were busy in the preferred senior market this week, with SBAB Bank and Svenska Handelsbanken pricing new deals and Länsförsäkringar Bank (LF Bank) lining up for its debut.

The UK Debt Management Office plans to sell a new index-linked Gilt in the 30 year area of the curve in November, it said on Thursday, as it prepares for its next syndication next week.

Corporate bond issuers came in droves to the euro market on Thursday to print €2.85bn across six tranches, in a day that took some syndicate desks by surprise with its pace.

Barclays has returned to the tier two market in euros for the first time in nearly two years, eyeing a clear issuance window this week following the summer break.

Swedish property manager Fastighets AB Balder printed the year’s first hybrid bond with speculative grade ratings on Thursday, after investors oversubscribed its €350m offering by 4.5 times.