Europe

Ukraine’s finance minister Natalie Jaresko has invited the country’s creditors to a meeting in London on Thursday to discuss her government's restructuring proposal in an attempt to agree on a solution for the country's worsening debt crisis.

Gunvor Group started a buyback offer on its dollar bonds this week, prompted by a $1.7bn profit it made from selling Russian assets.

Lukoil is due to close syndication imminently on the first $500m tranche of a $1bn loan backed by the Asian Development Bank and European Bank for Reconstruction and Development, according to bankers close to the deal.

The UK government’s £2bn sale of a first chunk of the 79% stake it holds in Royal Bank of Scotland has dominated equity capital market headlines so far this week.

Italy’s biggest listed investment bank has agreed to acquire a controlling stake in UK asset manager Cairn Capital, as it seeks to broaden its footprint outside Italy.

The inclusion of A-shares in institutional investors' portfolios is inevitable, although the process will be a gradual one for index providers, exchanges and money managers, FTSE Russell chief executive Mark Makepeace has told GlobalRMB.

The first tranche of the RBS selldown loses money for the taxpayer. But it’s a long way from being over, and history could show it was a smart move.

Barclays was on track to print its first standalone sterling AT1 inside 8% after pulling in more than £3bn of demand on Tuesday morning.

French home equipment retailer BUT SAS on Tuesday offered a €66m add-on of its €180m secured notes suggesting it is studying the acquisition of a franchisee network.

Bondholders overwhelmingly approved State Savings Bank of Ukraine’s (Oschadbank) Eurobond reprofiling plans this week, which senior board members said should answer rumours of a possible default.

Sainsbury’s Bank has shelved a sterling tier two trade following a roadshow last month.

China Construction Bank (CCB) London branch is set to offer its debut multi-currency certificates of deposit (CDs) in the next few weeks. Jinming Hu, co-head of Treasury at CCB London Branch, told GlobalRMB that they would include renminbi-denominated offerings.