Europe

Clydesdale was well supported for its first foray into the sterling subordinated debt market on Monday, allowing the lender to resell £925m of capital and underscoring the health of the sterling market.

Bankers were split on how to calculate the premium on Crédit Agricole Assurances' tier two on Tuesday, as the issuer felt few jitters ahead of two important central bank meetings.

Russian Railways is to issue a Eurobond in roubles — the first time in over a year that an offshore rouble bond has been issued by a corporate borrower. The proceeds of the deal will be used to buy back outstanding dollar and Swiss franc bonds.

Debut issuer O1 Properties opened books on its five year dollar note on Tuesday with a yield of 8.5% area.

Otkritie has postponed its planned bond after failing to reach a pricing agreement with investors. The price sensitive issuer is continuing to monitor the market, bankers said on Tuesday.

Browse through the pictures taken during The Cover’s 10th annual award ceremony, which took place on the evening of Thursday September 15 at the Rheinterrace in Düsseldorf.

Bank Nederlandse Gemeenten tapped an August 2026 bond for the sixth time this year, with investors focussing almost solely on the 10 year part of the Kangaroo curve.

Rabobank and Société Générale will join Berlin Hyp in the green bond market this September, as FIG issuers look to surpass last year’s total green funding volume.

Zagreb-headquartered food and drinks producer Agrokor launched a three year term loan into syndication this week. The deal is part of a wider refinancing exercise in which Agrokor has already secured €500m of short-term debt.

Over 1100 covered bond bankers attended the Euromoney-ECBC event in Düsseldorf last week. ‎Flights from London, Munich, Paris, Istanbul, Singapore, and the US brought the covered bond fraternity together for this landmark event.

John Menzies, the Scottish aviation and distribution company, was set to launch syndication of around $417m of loans this week, a banker close to the deal told GlobalCapital on Tuesday.

ICE Clear Europe, the European clearing arm of Intercontinental Exchange, has been authorised by the Bank of England and by the European Securities and Markets Authority as a central counterparty (CCP).