Europe

Troubled company drums up big response with high spread market return

European market seeking clues on the Fed’s next rates decision

Head of capital markets made permanent chief

‘Brave’ choice to tap the 30 year part of curve but both tranches proved a hit

Issuers are ‘in the mood to wait’ until after the Olympics and until there is clarity on the next government

Issuers both land big books as market quickly shrugs off French election volatility

More issuers, possibly including French SSAs, are geared up to tap primary this week

Silfin also lines up a deal as French politics opens primary market wide

◆ Market takes surprise election results in stride ◆ Insurance companies leading with plans to raise deeply subordinated debt ◆ Bank capital and senior deals in euros and dollars also on the cards

◆ MPS to launch a new covered format ◆ Infrequent and higher yielding issuer suggests market is 'stable and open' after French elections ◆ A 'few other' covereds are in the pipeline

The energy firm hopes to issue new vanilla bonds in the near future

UK bank spreads calm and Gilt yields stable but all eyes turn to less predictable French elections