Europe

Air Liquide's €3.28bn rights issue, the biggest in the world last year, was a blowout success.

Innogy, RWE’s renewables, retail and grids business, had a bumpy first day of trading in Frankfurt on Friday after it completed its IPO which valued the business at €19.2bn. It is the largest flotation in Europe since Glencore in 2011.

Sodexo, the French catering, support and care services group, hit the euro market on the same day the US released nonfarm payrolls for a €600m 10.5 year bond that clinched "super tight" pricing.

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This week's scorecard looks at how far Nordic agencies have progressed with their funding programmes.

Oberösterreichische Landesbank (OÖ LB) has mandated joint leads for a sub-benchmark sized euro covered bond with an intermediate to long maturity.

Necta & Wittenborg Global Vending, the Italo-German vending machine maker, kicked off October for the euro high yield market, which printed €16bn of deals during the previous month.

The Dutch lender has mandated leads for an ultra-long soft bullet covered bond which will follow a roadshow due to begin next week.

Shares in Brammer, the UK distributor of industrial maintenance, repair and overhaul products and services, fell as much as 51% on Friday morning after the company delivered a profit warning, cut its dividend and announced plans for a £100m rights issue underwritten by Investec.

Hellenic Petroleum on Thursday opened books for a new euro bond to redeem its 8% 2017s, with coupon guidance already some 200bp tighter than the old notes.

Stanislas Yassukovich’s Two Lives: A Social and Financial Memoir, in which he recounts his own life, as well as the lives of his father and the Eurobond market (of which he was a progenitor) might be a first of its kind. It is a bond man’s — and bond market’s — Bildungsroman, as well as a polemic against the state of banking and a klaxon sounding the end of capitalism as we know it.

Deutsche Boerse, together with its Chinese JV partners, is gearing up to launch a new market called "D-shares" that will help to Chinese companies raise equity overseas. The shares will be documented in English, listed in Frankfurt and, crucially, match up to German standards of disclosure and transparency