Europe

The Belgian Debt Agency has announced its funding target for 2017 and has left open the possibility of printing a first ever publicly issued inflation linker.

Political uncertainty and a tough economic outlook across the EMEA region will leave companies no choice but to operate with caution in 2017, focusing on balance sheet repair rather than expansion, rating agency Fitch said in a report on Tuesday.

The subordinated debt of embattled Italian lender Banca Monte dei Paschi di Siena (MPS) fell several points on Tuesday as the rest of the FIG market rallied.

A former managing director at Deutsche Bank has joined Houlihan Lokey in newly established position leading the expansion of its European capital markets group.

Global political upheaval and rising dollar interest rates are likely to make 2017 a year of short issuance windows in covered bonds. Global Capital gauged the views of a number of funding heads and senior bankers on their approach to the market for the year ahead.

French health care group Elsan, owned by private equity firm CVC, on Tuesday announced price guidance on its €730m loan for the buyout of MédiPôle Partenaires.

The tortuous saga of Rosneft’s privatisation took another turn on Monday when the Russian oil giant placed a Rb600bn ($9.4bn) bond in the local market.

Högkullen, the Swedish social housing company, has cancelled its Stockholm IPO after receiving a bid from Samhällsbyggnadsbolaget (SBB).

Poland is marketing what will be the first ever sovereign green bond. Climate finance experts are hopeful that the deal marks a major shift in Polish policy to a greener future after the government initially resisted ratifying the UN’s Paris Agreement.

Royal Bank of Scotland was looking to settle a series of litigation claims for up to £800m this week, shortly after being heavily penalised by potential misconduct fines in the Bank of England’s 2016 stress tests.

Volume figures released by major derivative exchanges for November show a marked rise over October's numbers, with some exchanges reporting record volume days in the aftermath of the US election.

Banca Monte dei Paschi di Siena and the underwriters of its €5bn capital raising have agreed with the prospective cornerstone investors in the deal to push back the launch of the sale by three or four days, after the resignation of Italy’s prime minister Matteo Renzi on Sunday night.