Europe

The UK Debt Management Office (DMO) announced on Wednesday that it will hold two long end syndications in the fourth quarter of 2016, in response to calls from Gilt-edged market makers and investors.

EQT Partners has sold a 20% stake in Dometic Group, the Swedish maker of refrigerators and cookers for camper vans, for Skr3.6bn ($424m).

Covered bond investors believe new issue premiums will probably rise in the near future leading to a repricing of the market. But with buyers anxious to put their glut of cash to work in almost anything, the prospective move is likely to prove moderate.

Nederlandse Waterschapsbank tapped a A$355m ($266.6m) 3.15% September 2026 Kangaroo bond on Wednesday for A$55m.

Nordea raised €1bn of new tier two funding on Wednesday, securing tight pricing in an asset class that has remained largely untouched in euros since the UK’s EU referendum.

Slovenia became the first central and eastern European name to tap the core currency markets after the summer lull on Wednesday with a reopening of its €1bn March 2035s.

Swiss based commodity trader Ecom Agroindustrial will reach out to new, as well as existing, lenders in its $500m loan refinancing.

KKR-backed Pillarstone, the non-performing loan acquisition and advisory company, has picked a chief operating officer after starting operations last year.

The margin for Vakifbank’s latest loan will increase if the bank is downgraded, the move follows Akbank which set the trend for the ratchet earlier this month in the face of ratings downgrades for Turkish banks.

Banks are signing documents for the $4bn of acquisition loans for South African-based Steinhoff on Wednesday. The deal has gone “better than expected,” according to one lead banker.

Jan Luthman, co-head of equities and a partner at UK asset manager Liontrust, is retiring after nearly 30 years in the investments industry.

Europe’s investment grade corporate bond market has surprised few with the intensity of its start to autumn as issuers begin a run of primary activity that shows little sign of abating.