Europe

Data firms IHS and Markit completed their merger on Tuesday, after shareholders agreed terms for a deal worth $13bn in which bond, loan and derivative services are key areas of focus.

Russia's State Transport Leasing Company (GTLK) has set final pricing for its debut $500m five year bond at 5.95% area, having released guidance at 6.25% area earlier on Tuesday morning in London.

BNP Paribas secured strong demand and tight pricing for a tap of its first "regionally targeted" bond on Tuesday, with a broad range of German accounts helping to bolster the size of the original deal.

As fertiliser firm EuroChem refinances a five year old loan, the borrower will find that pricing and lenders in the Russian market are changing, according to two bankers.

UniCredit’s shares leapt 13.5% today after it declared the beginning of a strategic review of its business after the market close last night. The announcement coincided with the launch of a sale of 10% of one of its finest assets — FinecoBank.

Housing Development Finance Corp is set to put its name in the history books after launching the very first Masala bond from an Indian issuer on Monday evening. The offshore rupee trade has been a long time coming but if successful, it could unleash a torrent of new issuance from Indian firms.

UniCredit has launched this evening a sale of 10% of FinecoBank, its direct, multichannel banking subsidiary, at the same time as opening a strategic review of its business.

The IPO of Enav, the Italian state air traffic control network, has already received enough orders to cover the entire deal, including the 9% greenshoe, a source close to the deal said.

BGL, the owner of UK insurance-to-energy price comparison website Comparethemarket.com, has invited banks to pitch for the lead roles in its IPO.

KfW announced plans on Monday to return to the dollar market with a new three year benchmark.

Citigroup has appointed two bankers to head its strategic equity solutions (SES) business for EMEA, including one it has hired from Bank of America Merrill Lynch.

Two UK leveraged loans that borrowers launched shortly before the UK referendum have ended in contrasting results, with one closed successfully and the other pulled.