Europe

Islandsbanki decided the time was right to pursue a long mandated senior tap on Wednesday, as Icelandic banks continue their return to the public debt markets.

Renaissance Securities is buying back $39.9m of the outstanding $146m of Renaissance Credit’s 7.75% 2016 bonds.

A debt capital markets banker at Morgan Stanley has left to join Mizuho International, GlobalCapital understands.

The Chicago Board Options Exchange plans to launch options on the FTSE 100 and FTSE China 50 indices before the end of the year.

Openjobmetis, the Italian recruitment business, priced its initial public offering on Tuesday, for a deal size of €33m. The shares began trading on Thursday, and closed up.

The French government last night sold €753.5m of shares in Safran, the French aerospace and defence group, in a block trade that was 1.6 times covered.

The question of whether Abengoa has triggered a credit event will set a precedent for future Spanish rulings say lawyers, as ISDA’s Determinations Committee grapples with recently amended Spanish laws.

Havas, the French advertising and communications company, satisfied investors' taste for the unrated issuer on Tuesday, as it booked nearly three times oversubscription for its €400m bond.

Heineken has been making up for lost time in public debt markets, issuing its second bond of the year after being absent since 2013.

Norwegian Air, the unrated low cost airline, came to the European high yield market on Tuesday and sold €125m of unsecured notes, expanding its all-Norwegian krone denominated bond funding to euros for the first time.

The UK printed a tap of its 0.125% index-linked gilt maturing March 2046 at the tightest spread to the benchmark since it was launched.

German engineering technology company Körber said it is well positioned for possible acquisitions after issuing its debut Schuldschein.