Europe

D2 Legal Technology, an independent financial services legal data and technology consulting firm, has appointed a chief operating officer.

The UK Debt Management Office is looking to hit the 40 year area of the curve with its next syndicated issue, which will be an inflation-linked Gilt.

BMI Healthcare has postponed proposed loans of £426m in total as rent negotiations with the owners of its properties have yet to result in an agreement.

German healthcare group Fresenius launched a €400m Schuldschein on Friday and had already received commitments in excess of the launch size by Monday afternoon, as investors lapped up the favoured credit.

Greencore Group, the Irish convenience food supplier, has announced plans for a £439m rights issue to partly finance its takeover of Peacock Foods, a US competitor, alongside its preliminary full year results on Monday.

Nordea Mortgage Bank (NMB) has successfully issued its first deal. The choice of tenor, along with the issuer’s strong credit profile, and strong sentiment towards the Nordic region, were instrumental in achieving the positive outcome.

BBVA struggled to sell its €1bn Cédulas Hipotecarias issue on Monday because the maturity was too long and because of further rates volatility.

Potential lenders to the Z4.8bn loan for the leveraged buyout of Polish firm Allegro will meet in Warsaw on Thursday where the deal will be launched into general syndication.

Ceská telekomunikacní infrastruktura (CETIN) added to the trickle of EM bonds expected before year end on Monday and met investors this week for a euro denominated bond. The BBB rated issuer is hoping to benefit from demand from both EM and high grade corporate accounts.

French banks could be free to issue tier three capital this month, as a new law establishing terms and conditions for the new asset class enters the final phase of the country’s legislative process.

In this new Monday round-up from GlobalRMB, we bring you a collection of market and regulatory developments from the weekend as well as provide a preview of upcoming events this week.

The sharp rise in yields that followed this week’s US election has improved yields bringing the five year tenor back into play in covered bonds. But the sell-off in OATs has left French covered bonds overvalued at the long end.