Europe

RBC Capital Markets has hired James Agnew, a veteran UK corporate broking executive, to be chairman of corporate broking for its business in Europe.

British Columbia has hired Bank of China (BOC) for its second Panda deal, GlobalRMB has learned. Meanwhile, Hungary has chosen BOC and HSBC for a long-awaited Panda debut with a prospectus expected on Friday.

The recent boom in high yield bond issuance has left traces of investor indigestion, but French data manager Infopro Digital enjoyed a warm reception for its rare loan-to-bond refinancing deal.

New gold and silver futures contracts launched by the London Metal Exchange (LME) on Monday of last week have had a “promising start”, according to its precious metals head.

A pair of public sector issuers look set to benefit from supply-starved dollar investors, after mandating on Monday for deals at the very short end of the curve.

Pantheon Healthcare, the pharmaceutical developer owned by Permira, is marketing a €300m loan to finance the acquisition of Telematic and Biomedical Services with bankers saying demand for leveraged loans shows no signs of abating.

More borrowers will likely want to emulate the successes of last week’s sterling covered bonds issued by two Canadian banks. After rumours that a UK bank was looking to tap the market soon, Nordea Eiendomskreditt has updated its covered bond programme.

Shares in GetBack, the Polish debt collection company, closed just above their IPO price on Monday after the firm made its debut on the Warsaw Stock Exchange.

The Energy efficient mortgage Action Plan (EeMAP) launched its initiative on Monday, with a new website to promote the delivery of energy efficient mortgages — which could then collateralize green covered bonds or RMBS.

Steinhoff Europe, the furniture maker, made its debut in senior euro corporate bond markets on Monday, and was the only issuer to offer investors a transaction on the day. The €800m 7.5 year deal followed a European roadshow last week.

Turkey’s Odeabank will meet investors from Wednesday ahead of a possible sale of tier two notes. If the deal goes ahead, it would be the second such deal from a second tier Turkish bank this year, after Fibabanka's debut in May.

Owners of 75% of each of the Co-operative bank’s two tier two bonds must support the restructuring plan, a figure it has not yet reached for the 2023 note.