Europe

The Spanish bank has mandated leads for a roadshow to market what will be its first covered bond in six years.

Russia’s Norilsk Nickel has signed a $500m new money loan from five lenders, a deal which could set a precedent for Russian companies borrowing in the shadow of financial sanctions. However, tough operating conditions remain for the firm.

Otkritie Bank took advantage of surging demand for Russian hard currency bonds on Tuesday to come to market with a long awaited dollar Reg S senior unsecured deal.

Rabobank found few problems opening books on its first green senior bond on Tuesday, and more banks could follow in the fourth quarter of what is already a record-breaking year for the format in FIG.

St. Louis-headquartered Belden, the communications equipment manufacturer, launched €200m of 10 year non-call five notes on Tuesday morning, as the high yield market looks to maintain issuance momentum following a bumper September.

MUFG has hired a banker into a senior job in its financial institutions group team in Europe, the Middle East and Africa, as the bank looks to further expand headcount in this market.

Nets, the largest Nordic digital payments processing company, has confirmed that Deutsche Bank stabilised its share price after its IPO on September 23, when the company’s share price closed at Dkr145, down 3.3%, on its first day of trading.

Britain has made striking free trade deals one of its signature policies following the Brexit vote. Emerging markets will no doubt be keen to sign up but the reality is that such deals will take years to sign off

One of the most regular names in Europe’s equity block trade market, Abertis Infraestructuras, was the subject of another deal on Monday night, with regular bookrunners UBS, Bank of America Merrill Lynch and JP Morgan at the helm.

Post-trade reporting of non-equity trades under MiFID II will be too onerous and expensive for single services, known as consolidated tape providers (CTPs), the European Securities and Markets Authority has said, suggesting instead that specialisations for a number of different instruments — including derivatives — be allowed.

Italy announced on Monday the banks to lead its first ever 50 year syndication, a bond planned since May.

Tullett Prebon is set to lose its European chief executive, who becomes the second senior departure in the past week from a planned Tullett-ICAP combined group as the two interdealer brokers look to merge by the end of this year.