Europe

European IPOs on pause as France votes, and September window is extremely narrow

As Bastille Day — and the start of what is often a lull in capital markets — approaches, the fate of billions of euros of FIG and corporate bonds lies at the whim of UK and France voters

Market awaits EU’s lead once election volatility subsides

◆ Rapid bookbuild ◆ Investors ‘don’t care’ as issuer pays negligible concession ◆ Tenor maximises Bund spread

Spread pressure will rise as earnings return to growth for the first time in five quarters

Third step of Clariane's four-legged debt restructuring plan was 1.67 times oversubscribed

Market expected to shut after Wednesday as UK elections and US holiday loom

◆ Austrian lender nearly four times covered ◆ Bankers question whether the deal started wide despite double digit tightening

Investors are cautious but the deal is “a good test" of the current environment

As supply becomes scarcer, it will be easier for companies to sell dirty debt as green

Travel company’s shares have ceased trading in London, as exchange keeps losing stocks

◆ Investors flock to short dated green trade ◆ German lender unearths greenium ◆ Wave of supply not expected despite strong outcome