Europe

FIG syndicate desks were looking forward to a pick-up in primary market activity on Tuesday, after two insurers hit screens and the bank capital pipeline also grew.

Lloyds Bank has given its interim head of loan markets the permanent job but will not fill his former role.

The global infrastructure gap is yawning ever wider, with demand potentially reaching nearly twice the existing $50tr valuation of global infrastructure by 2030, by some estimates. And while the G20 has committed to making its multilateral development banks expand their lending and increase the impact of their activities, any realistic increase won’t be nearly enough to fill the infrastructure hole

India's ONGC Videsh has lined up six lenders for a $1.268bn nine month loan to support its acquisition of a stake in oil fields in Russia.

As the $100bn-plus IPO of Saudi Aramco nears its launch, the UK’s Telegraph has most recently hinted at a three-way foreign listing, conducted across London, New York and Hong Kong. Columnist Philippe Espinasse looks at the practicalities and advantages (as well as disadvantages) for the oil behemoth of listing in Asia.

The Community of Madrid is preparing its first syndicated bond in a year, as the Republic of Italy considers following the lead of France and Belgium by publically issuing a 50 year bond.

A weaker than expected set of non-farm payroll data last week did little to deter issuers on Monday as a pair of borrowers awarded mandates.

The London Stock Exchange is set to begin offering weekly options that will be based on the FTSE 100 stock index, in what it said is a first-of-its-kind launch in the UK listed derivatives market.

L-Bank printed a five year deal on Monday as the sterling market kept up solid momentum from last week.

The €640m loan for German hardware manufacturer Stabilus will include a €115m bridge to equity facility.

Deutsche Hypo mandated leads for an Aa1-rated euro-denominated eight year, only the second German covered bond in that tenor this year.

Deutsche Bank launched a three-tranche dollar senior offering on Monday, taking advantage of a quiet FIG market to raise funding ahead of an expected tier two issue later this week.