Europe

Odeabank took advantage of limited supply in emerging market bonds to price a well-received Eurobond debut on Monday.

Promsvyazbank (PSB) was on track on Tuesday morning to become the third Russian lender to issue additional tier one (AT1) dollar debt this year after releasing price guidance for an inaugural deal in the format.

Novo Banco has published the terms of a long-awaited liability management exercise, unexpectedly shifting its emphasis away from generating immediate capital gains.

Strix Group, the Isle of Man-based designer and maker of kettle safety controls, plans to raise £190m through an IPO on London’s Alternative Investment Market (AIM).

Oil and gas company MOL became the first Hungarian issuer to raise funds in the Schuldschein market, in a sign that more lenders, given the right credit, are prepared to be tempted eastwards.

Türkiye Halk Bankasi (Halkbank), the Turkish state-owned lender, has confirmed that it plans to issue mortgage-backed covered bonds. It joins seven Turkish lenders that have rated covered bond programmes in place.

Avenue Group, Bain Capital and Barings this week brought the first block sale of shares in Biffa, the UK waste disposal company, since its troubled IPO in October 2016.

TP ICAP has chosen Bloomberg Entity Exchange as its outreach platform in preparation for the Markets in Financial Instruments Directive II (MiFID II), the interdealer broker announced on Monday.

Russian potash company Uralkali is due to mandate banks for a $750m pre-export finance facility this week, according to a banker close to the deal.

Tikehau Capital, the French alternative asset manager, has raised €702m to accelerate its development, after its rights issue attracted substantial oversubscription by new and existing shareholders.

Permira is selling its 33% stake in Cortefiel, the Spanish retailer, to the group's other two owners, CVC and PAI Partners. The deal includes a debt restructuring and ends rumours of an IPO.

Ratings for several financial institutions have been placed under criteria observation (UCO) by Standard & Poor’s after the rating agency updated its risk-adjusted capital framework criteria for credit risk for the first time since 2010.