Europe

German Länder yields are expected to fall in the wake of the European Central Bank's announcement that sub-sovereign issuers are to be included in its asset purchase programme.

Spain has mandated for its first deal of the year, but the sovereign has taken the rare step of bringing a syndication in the same week as it is holding auctions.

ISDA has extended until Friday its deadline to rule on whether Novo Banco has triggered a credit or succession event, after a fourth successive day of grappling with these questions failed to achieve an answer.

Kommuninvest and Oesterreichische Kontrollbank are set to bring deals at the short end of the dollar curve on Tuesday — by which time leads are hoping Monday’s turbulent swap spreads will have calmed.

A bevvy of public sector borrowers are lining up euro deals for Tuesday and beyond — but some are opting to hold back price thoughts amid a cluttered and volatile backdrop.

Abengoa Yield, the yieldco spun off by Abengoa, the troubled Spanish renewable energy company, has changed its name to Atlantica Yield, and appointed a new chief financial officer, in a bid to dissociate itself from its parent, which has three months left to avoid bankruptcy.

Markit, the financial information services firm, has agreed to buy Loan/SERV technology assets from the Depository Trust & Clearing Corporation (DTCC) in a bid to expand its loan management services.

After placing big sterling and dollar deals in week one, FMS Wertmanagement (FMS-W) will hit euros for its next bond.

The UK Debt Management Office (DMO) has appointed a former member of the Bank of England’s Monetary Policy Committee to carry out a review into finding a new provider for end-of-day reference prices for Gilts and bills.

Canton of Schwyz printed a seven year note with a negative yield on Monday, with what was its first Swiss franc bond since 2011.

Republic of Poland offered a healthy concession in the early pricing stages as it ventured into the markets with the first bond from CEEMEA in 2016 on Monday.

Atalian Global, the French facilities management company, on Monday opened the first roadshow of 2016 for a high yield bond in Europe, as it announced the acquisition of US peer Temco Facility Services.