Europe

Deutsche Bank’s subsidiary in Spain successfully issued its first publicly syndicated Cédulas Hipotecarias on Tuesday. The €1bn five year, which attracted a comfortably oversubscribed book, sets a strong foundation for further benchmark supply expected over the next two years.

ING Bank was able to price its debut euro green bond inside its regular senior curve on Tuesday, with bankers estimating a very slim premium for the well subscribed trade.

DZ Bank has placed a five part inaugural additional tier one (AT1) transaction within its co-operative bank network, which it said opens the door to a mid-size investor base for the product in Germany.

Swiss franc issues from international borrowers have declined drastically in the last two weeks as the Swiss franc basis swap has moved more deeply negative, Swiss franc syndicate bankers told GlobalCapital on Tuesday.

Teva, the New York-listed Israeli pharmaceutical company, has completed and signed $33.75bn of loans for its acquisition of Allergan Generics.

Evli Pankki, the Finnish investment bank, launched its IPO on Monday November 16, hoping to raise €14.2m by floating on the main list of Nasdaq OMX Helsinki.

The capital raisings of Greece’s four largest banks are likely to close later than many had expected, after a Eurogroup meeting failed to deliver an agreement at the weekend.

An agency is set to round off its funding for the year with a euro benchmark amid solid but quiet market conditions.

Investors are expressing optimism about the results of the European Central Bank’s stress test of Novo Banco — the so called good bank set up by regulators after the collapse of Portugal’s Banco Espírito Santo last year — despite the headlines that the regulator will require the bank to raise €1.4bn in capital.

Deutsche Bank will open books for a five year Cédulas Hipotecarias on Tuesday following last week’s roadshow.

Mortgage Society of Finland (Suomen Hypoteekkiyhdistys) has mandated for what would be a debut senior unsecured issue in euros, as covered bonds dominated FIG primary activity on Monday.

Alfa Bank has mandated three banks for a senior dollar bond — only the second Russian financial institution bond this year — as the CEEMEA bond markets held stable after the terrorist attacks in Paris over the weekend.