Europe

Indian state-owned oil companies Bharat Petroleum Corp, Indian Oil Corp and Oil India have sent out separate requests for proposals for borrowings totalling $1.9bn to finance their acquisition of a stake in an East Siberian oilfield.

Pier Carlo Padoan, Italy’s finance minister, who has had his days full dealing with the stress in the country’s banking system, has still not officially announced whether Italy will proceed with the IPO of Enav, the country’s air traffic control system.

Slovenian Sovereign Holdings (SSH), which manages Slovenian state assets, has postponed marketing for the IPO of Nova Ljubljanska banka, the country's largest bank, citing market turbulence surrounding the UK’s vote to leave the European Union.

A pair of public sector borrowers on Monday joined the handful of issuers that have sold well subscribed taps since the UK voted on June 23 to leave the European Union. But there are growing hopes that the first new issue since Brexit could happen this week — in euros, at least.

Bank Nederlandse Gemeenten held an investor call on Monday to gauge interest in a possible debut social bond.

Groupe SEB, the French kitchen appliance and coffee machine maker, has added three banks to its group in the syndicating of its bridge loan.

Dealers will hold an auction to settle credit default swaps referencing Portugal Telecom International Finance, after the International Swaps and Derivatives Association’s (ISDA's) EMEA Determinations Committee ruled that a bankruptcy credit event had been triggered on the contracts

Merger talks between the London Stock Exchange Group and Deutsche Börse remain on course despite the United Kingdom’s recent vote to leave the European Union, with LSEG shareholders on Monday almost unanimously approving the plans. But comments from the German exchange this week suggest there are tough talks ahead on where to locate the merged group's holding company.

Commerzbank issued a well-received €750m eight year covered bond on Monday. The first euro benchmark since June 15 sends a strong signal to other issuers that have funding needs and shows that the sometime precarious funding window is now firmly open.

The latest Obbligazioni Bancarie Garantite issued by Monte dei Paschi di Siena (MPS) was barely changed on Monday after the bank’s share price sank to new record lows in the wake of news that the European Central Bank had requested a sale of its non-performing loan (NPL) stock.

Ashurst has picked up a new partner for its finance division, following the recent appointment of a former loans banker from Royal Bank of Scotland.

Bank of Georgia starts the roadshow for a dollar denominated bond on Wednesday, which it will offer in conjunction with a tender offer for its $400m 7.75% 2017s. Demand is expected to be good for both deals.