Europe
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The European Commission unveiled a major legislative package on Wednesday, transposing several Basel standards into EU law, including total loss-absorbing capacity (TLAC) rules, the leverage ratio, the net stable funding ratio and trading book rules.
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Online consumer lender 4Finance on Monday released initial price talk for an add-on to its €100m 2021 bond, as the market searches for short maturities before Christmas. -
Portugal is set to round off its funding for the year by auctioning €500m-€750m of its April 2021 line on Wednesday.
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Turk Telekom subsidiary Avea has signed a €90m nine year loan backed by Finnish export credit agency Finnvera, after Avea's ultimate parent company Otas failed to make a repayment on a $4.75bn loan in September.
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Ceská telekomunikacní infrastruktura (CETIN) is planning to issue a five year bond, the second issuer to test the new period of volatility following the election of Donald Trump as US president.
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Nordea has appointed its co-head of markets equities Martin Persson head of wholesale banking, effective from Monday
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GlobalRMB has launched a new Monday round-up, featuring key market and regulatory developments from the weekend. This edition includes: mixed RMB FX performance, unexpected delay to the Shenzhen Connect, and Luxembourg looking to join the Belt and Road Initiative.
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MédiPôle Partenaires, the French private hospital group, has abandoned plans for an IPO after sponsor Bridgepoint decided to sell it to its competitor Elsan, owned by CVC, instead.
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The UK Debt Management Office has selected its syndicate and announced the maturity for its upcoming index-linked syndication.
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RussNeft, the Russian oil company controlled by Mikhail Gutseriev, published today (Friday November 18) the price range for its IPO in Moscow, and opened the book at 10am Moscow time this morning.
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Though several core covered bond issuers are monitoring the market, rates volatility is likely to keep many investors sidelined next week, unless deals have convincing new issue premiums and short duration. Peripheral markets are likely to stay closed.
