Europe

Goldman Sachs printed its largest ever deal in Swiss francs on Wednesday, revealing an opportunity for other banks escaping widened euro and dollar spreads.

Eurex has signed up Crédit Agricole Corporate & Investment Banking as a member of its clearing house for interest rate swaps.

Bankia will repay retail investors the €1.85bn they invested in the Spanish bank’s ill-fated initial public offering, to compensate them for losses incurred.

Groupe Bruxelles Lambert, the Belgian investment holding company, took advantage of Total’s strong market performance on three consecutive days to sell €651m of stock in the French oil and gas company on Tuesday night.

Four days of global equity recovery has been enough to rekindle Japanese retail investors' interest in Deutsche Bank senior debt in an emerging market currency.

Barclays has announced a swathe of debt capital markets promotions, several new desk heads, and a new structure for EMEA, following last week's changes to the DCM management team.

SSA issuers have come through a battering time in markets to print euro deals, with Austria hitting the long end of the curve and BNG also printing. But the scars are showing as KfW is demonstrating in the dollar market.

Crédit Agricole has upped its odds on being the first French bank to publicly issue a new type of sub-senior debt, dubbed ‘tier three’, to protect senior bondholders.

Circle Property, a specialist regional UK property business, traded up 2.7% after floating on London’s junior Aim stockmarket on Tuesday.

KfW hit screens with a five year dollar benchmark on Tuesday that is offering the issuer’s widest swap spread at the tenor in several years, which bankers away from the mandate attributed to negative swap spreads and market-wide volatility last week.

Rocket Internet, the German start-up incubator, has said it will spend up to €150m this year to buy back some of the €550m convertible bond it issued only last July.

Latin American supranational Corporacion Andina de Fomento received a warm welcome from asset managers and bank treasuries on its second outing of the month in the Swiss franc market on Tuesday.