Europe

The Export-Import Bank of Korea (Kexim) priced a five year euro benchmark on Monday, nipping in with a one day execution ahead of a trio of deals scheduled for Tuesday.

KfW will be the first public sector borrower to test a dollar market where swap spreads have rebounded off the 2017 lows they hit in the middle of last week.

Oesterreichische Kontrollbank has mandated banks for its first sterling deal in 1.5 years, joining a host of other public sector issuers to return to the currency this year.

The corporate bond market has moved past the indigestion and softer market concerns that dogged the end of last week to pump out five trades ahead of a public holiday on Thursday.

Spanish geotechnical engineering firm Terratest has signed a €60m unitranche deal with Tikehau IM, as it looks to complete its restructuring following its acquisition by Platinum Equity in 2014.

Sparebanken Sør Boligkreditt issued its second ever covered bond and, similar to deals issued last week, was able to price flat to its curve. But its bonds are not eligible for the ECB's purchase programme, unlike some of last week's tightest issues, which could limit performance potential.

Nest, the UK national employment savings trust, has become the latest in “a flurry” of buyers to move into high yield bonds.

BNP Paribas has hired two fixed income traders from Goldman Sachs in EMEA.

The robust demand that Rabobank reeled in for its two part debut covered bond issued on Monday provided the basis for an aggressive spread tightening, especially in the longer-dated tranche.

Finnish insurer Sampo kicked off the week with a tightly priced senior offering on Monday, taking advantage of renewed calm in the financial institutions bond market.

JP Morgan has appointed a new managing director in its EMEA leveraged finance capital markets team, following the departure of two senior members in the last month.

France’s Crédit Mutuel Arkéa has picked banks to arrange the sale of its first ever non-preferred senior bond, joining Sumitomo Mitsui Financial Group (SMFG) in a growing pipeline for new issues in FIG.