Europe

Lehto Group, the Finnish modular construction company, pulled off the rare feat of pricing its IPO at the top of the range this week, and then saw the stock rise 15% on its debut on Thursday.

French firm Fnac will imminently launch syndication of its loan to buy retailer Darty, after winning a bidding war with South Africa's Steinhoff. Meanwhile, banks supplying a £920m loan for the thwarted rival await instructions.

Three public sector borrowers issued sterling this week, taking proceeds in the currency to their highest level in months as fears over the United Kingdom leaving the European Union receded.

With so much attention on whether the UK will vote to leave the EU on June 23, there is a distinct chance of underestimating political risks developing within Europe itself.

Belgium cracked open its 50 year bond vintage on Thursday with a deal that drew plenty of praise — while the level of demand even surprised some of those working on the trade.

The low interest rate environment is causing investors to look at longer and longer paper in search of yield. Issuers are seizing the chance for long funding with private placements.

Corral Petroleum Holdings, Sweden's largest oil refiner, on Wednesday released double digit price guidance for its $700m-equivalent of payment-in-kind toggle notes, as it meets investors in the US this week.

French retailer Fnac will imminently launch syndication of its €1.35bn Darty acquisition loan, according to a banker close to the deal.

The latest standoff between the European Union and the Greek government could make conditions difficult for euro public sector issuance, SSA bankers fear.

Thursday was the busiest day of the year so far for euro bank capital, as FIG borrowers betrayed nerves over how long investors’ risk appetite might last.

University College London has signed the largest ever European Investment Bank loan to a higher education institution, it announced on Thursday.

Nidera, the agricultural commodity trading and logistics firm, last week closed the syndication of its $900m multicurrency syndicated loan, which was oversubscribed.