Europe

TeliaSonera, the Swedish telecoms firm, returned to the Norwegian krone bond market with a 15 year note on Tuesday, its second outing in the currency this year.

UK banks are well enough capitalised to survive a prolonged global downturn, their supervisor announced on Tuesday morning.

CNP Assurance secured tight pricing for its tier two offering on Tuesday, profiting from strong market sentiment to bring capital issuance from insurers back to euros.

Latvia has named its banks to arrange a euro-denominated new issue and manage a concurrent tender offer for the country’s 2020s and 2021s.

Russian fertiliser producer EuroChem has signed a €200m club loan through its European subsidiary to cut costs, but the deal still carries Russian risk, bankers say.

The European Stability Mechanism said it would disburse €2.72bn to recapitalise Piraeus Bank on Monday, drawing upon the €10bn in funds earmarked for the Greek recovery for the first time.

The French bank opened books for an eight year benchmark on Tuesday. The initial double digit spread looked generous and ensured the first covered bond to be issued in December got off to a strong start.

Ball Corp, the US metal packaging manufacturer, wants to issue its first euro bond as part of a €1.5bn-equivalent deal to support the purchase of UK can maker Rexam.

Holders of credit default swaps referencing Abengoa have asked the International Swaps and Derivatives Association for the second time in a week whether the Spanish renewable energy company has triggered a bankruptcy credit event – and this time the ISDA has accepted the question for consideration.

The French government is this evening selling 2.64% of Safran, the French aerospace and defence group, in a competitive block trade.

LME Clear, the clearing house for the London Metal Exchange, has launched a trade compression service and given members the ability to post metals warrants as collateral for the first time.

Intercontinental Exchange will introduce 81 energy futures and options contracts in December through its US and European exchanges.