Europe

The arid landscape for equity block trades so far this year in EMEA was brightened on Wednesday by two evening sales, both with a Russian flavour and involving elite clients.

As Clydesdale and Yorkshire Bank Group completes its long-awaited demerger from National Australia Bank and floats on the London Stock Exchange, the firm's CFO Ian Smith sits down with Olivier Holmey to discuss CYBG's "challenger" status, its long road back to independence, and its future.

Kommunalbanken on Wednesday sold the first five year dollar benchmark from an SSA in three weeks, printing a $1bn no-grow bond.

The rare sight of a pulled German bond issue rocked the SSA market Wednesday afternoon. The issuer blamed market conditions but there were rumblings that this was a failure of process, not context.

Goldman Sachs has named a new head of its EMEA financing group, which houses primary capital markets, as Jim Esposito switches roles to become chief strategy officer of the securities division.

Numis Securities is pulling out of market making in UK retail bonds and its head of fixed income is leaving the firm, after a period when new issuance of bonds on the London Stock Exchange's Orderbook for Retail Bonds has dwindled.

CMC Markets, the financial spread betting firm, narrowed the price range of its London IPO on Wednesday, ahead of the book’s closing the next day.

Law firm Fried Frank has hired an experienced specialist to set up a European restructuring practice.

Teollisuuden Voima Oyj (TVO), the Finnish nuclear power company, has refinanced its €1.3bn debt facility with a reduced syndicate.

From bonus caps to pre-trade transparency, the Bank of England has suggested big changes to proposed European Union financial regulation in response to a call for evidence from the European Commission.

Worldwide Flight Services, the French cargo and luggage handling company, is seeking to raise €240m through a bond tap and new issue, to support its purchase of US peer Consolidated Aviation Services.

Stockholm County Council has selected four banks for a green bond roadshow, beginning on February 8, with a view to selling a euro green bond.