Europe

CEEMEA borrowers raised $37bn of euro and dollar bonds in October, making it the busiest month on record.

Clearstream launched the China Bond Link on October 17, which is designed to connect overseas investors with the China interbank bond market. The firm expects to see growing interest in China fixed income as a result of broader RMB adoption, a spokesperson for the central securities depository told GlobalRMB.

Euronext and the Shenzhen Stock Exchange (SZSE) signed an agreement last month to increase the public profile of small and medium sized technology enterprises listed on both exchanges. This is the latest in a series of initiatives between the two parties which Lee Hodgkinson, Euronext’s head of markets and global sales, said is part of a strategy to bring Europe closer to China.

As many market participants predicted at the end of last week, Monday was an empty day for primary issuance in the investment grade corporate bond market. The pause will have its benefits, thought some senior IG bond bankers.

Acciona, the Spanish infrastructure and renewable energy firm, has allocated its first Schuldschein, growing the deal by €50m and securing about the same pricing as (if not lower than) its latest syndicated loan.

Though the UK referendum in June derailed the advertising firm Exterion Media's bid for a £220m loan, the company has returned and closed the offering, cutting the deal size and ramping up the margin in the process.

German Pfandbriefe have received a boost, according to Moody's from the German finance ministry, which is tightening lending standards in the country's housing market to counteract rising prices caused by the European Central Bank's accommodative monetary policy.

UK pub operator Enterprise Inns on Monday printed its new sterling notes at maximum size, winning the minimum coupon that it had promised to investors.

Caja Rural Navarra has mandated leads to roadshow an environmental and social governance (ESG) Cédulas Hipotecarias with an intermediate maturity.

BNP Paribas will need to erode more of its capital base before it faces regulatory restrictions on additional tier one (AT1) coupon payments in 2017, because of changes to the way in which Pillar 2 capital requirements are calculated.

Russia’s Tatfondbank started marketing on Monday the lowest rated Russian bank bond issued to investors since 2012.

Ross Lancaster interviewed the heads of EMEA corporate debt capital markets at 11 of the top 20 banks asking their views on the market. Here are the results.