Europe

Elias Spangenberg has left his credit syndicate manager post at Morgan Stanley in the UK to join SEB’s Stockholm office, according to a source.

Japanese investors are snapping up Russian rouble MTNs and Uridashi in their search for higher yields, with SSAs the beneficiaries.

Conditions in Europe's leveraged finance market are arguably better than ever for issuers, with some measures of yields hitting historic lows. Many believe they cannot last. But try as they might, bankers cannot find enough issuers to bring deals, writes Max Bower.

Nordic low cost airline Norwegian Air Shuttle will meet investors about a tap of its only euro bond on Monday. This time, it also plans a new €370m deal in Norwegian kroner.

KfW has raised the threshold of sustainability it requires as an investor, as part of a growing trend for bond buyers to focus on the impact of their investments.

Just a day after EM bankers were predicting an endless summer of bond market bliss, came a US-led market wobble, which rival bankers said has caused leads to put the brakes on an expected trade from Lithuania.

Financial institutions took a step back from the primary market on Thursday, as a resurgence in US political risk helped stunt an impressive rally and push credit spreads wider.

AIG picked banks for the sale of a long dated senior bond on Thursday, as US financial institutions eyed favourable funding costs in the European market.

German mining firm K+S issued in the bond market for the second time in the past six weeks on Wednesday, in investment grade style despite its October downgrade into high yield ratings.

The momentum in the equity block trade market this week continued on Wednesday night, despite US markets faltering due to the FBI controversy embroiling Donald Trump, with the sale of 16.5% of French home builder Kaufman & Broad by PAI Partners.

France’s Unibail-Rodamco was set to become the second corporate to sell 20 year debt this year on Wednesday afternoon, as investors say that the long part of the curve is wide open for top rated names.

The European Energy Exchange will next month introduce financially settled Austrian power futures in response to the planned split of the German-Austrian electricity price zone.