Europe

Standard Chartered Bank has hired an executive director for its European corporate DCM team.

The London Stock Exchange (LSE) could be closing in on an equity trading link for UK-listed depositary receipts by Chinese firms that would see the participation of Euroclear and LCH.Clearnet, GlobalRMB has learned.

The Singapore Exchange (SGX) has extended the period of exclusive discussions with the Baltic Exchange for a proposed cash offer to acquire 100% of the shipping-based bourse.

The Netherlands announced the sale of Propertize, a financial agency holding real estate loans from government bail outs, to a consortium formed by private equity firm Lone Star and JP Morgan on Tuesday.

Electricité de France has named 16 banks to underwrite its €4bn rights issue, of which €3bn will be bought by the French government.

The two IPOs live in the European market are both progressing steadily, despite the shock of the UK’s decision to leave the European Union, which has sent share prices whizzing in all directions.

An impassioned Brexit-inspired request from the managing director of the GlobalCapital group

The United Kingdom's vote to leave the European Union sent traders, lawyers and trade associations into overdrive this week as they sought clarity on whether contractual changes for derivatives will be required, what form they would take and how they could be modelled.

Citigroup bulked up parts of its Irish operations last year, in what may have been long term preparation for a potential UK vote to leave the European Union. But other US firms, including Goldman Sachs and Morgan Stanley, continue to rely heavily on their UK subsidiaries to access international markets.

US, German and French bankers speaking to GlobalCapital from the control room of the European high yield market want London to keep their capital. But they admit it is a hopeless wish, if Brussels imposes a full Brexit.

While a handful of loans were put on hold following the UK’s vote to leave the EU, a few deals already in the market are braving the choppy waters, with certain credits finding resilient support.

Swedish sponsor EQT is set to syndicate €1.25bn of loans in July to fund its acquisition of German Bilfinger’s real estate business, in a market that has been led by German and French deals since the Brexit referendum.