Europe

Tinkoff Bank is targeting a return to the Eurobond market after an absence of more than four years, following a pair of rating upgrades in recent months.

EM is back to work after the long weekend with Ivory Coast naming banks for its long awaited bond, and Norilsk Nickel and Tinkoff Bank from Russia, announcing their intention to issue new debt.

The IPO market in Europe is busy, with the launch of several big deals over the past few days, and the completion of yet another popular Nordic IPO on Wednesday.

The impact of Brexit on Ireland is likely to be mixed. While Ireland’s exposure to the UK has led the government to revise its forecasts for GDP growth down in 2017, some areas of the economy look well positioned to flourish in the post-Brexit era, most notably financial services. Following the triggering of Article 50 by the UK government, representatives from the public and private sector gathered in Dublin in early May to discuss the longer-term prospects for the Irish economy and the financial services industry.

The Deutsche Börse yesterday welcomed six new exchange traded commodities (ETCs) to its Frankfurt Stock Exchange and Xetra trading venues.

The International Swaps and Derivatives Association (ISDA) today announced that Ulrich Karl has joined the organisation as head of clearing services.

The IPO of Boozt, the Nordic online fashion retailer, is due to be priced at Skr62, near the top of the Skr54 to Skr63 initial price range, giving it an initial market capitalisation of Skr3.44bn (€350m) when it begins trading on Wednesday, May 31.

Corporate borrowers announced a spate of fresh bond mandates on Tuesday as the primary market continues apace, but investors have got one eye firmly on next week’s European Central Bank meeting.

Nederlandse Waterschapsbank will come to market on Wednesday for its first ever affordable housing bond.

The Islamic arm of Turkey's Ziraat Bank has signed a $236m one year Murabaha syndicated loan with 13 banks, according to a banker on the deal.

Mavi Jeans, the Turkish maker of designer jeans, has published the prospectus for what could be the largest Istanbul IPO for four years, according to Dealogic.

Amprion, the German electricity transmission firm, launched on Tuesday a €100m Namensschuldverschreibung (NSV) — an instrument with all the qualities of a Schuldschein, except for the issuer’s right to terminate the contract after 10 years.