Europe
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The quality of demand was good but subscription ratios were low -
The cost of funding was tighter than what the borrower could have expected had it issued in euros
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Rouble payment clauses will protect against CDS triggers, but they do not apply this week
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At least one investor confident payment will still be made despite lack of communication
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Supranational reopens SSA Kangaroo with short dated deal
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Major shareholder reduces stake in Spanish pharmaceuticals company
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IPO relaunch described as 'ballsy' as company plays up lack of reliance on Russia revenue
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The US bank has chosen one of its own to fill the vacancy left by Barry Meyers' departure
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Market conditions were good but three of four deals on Monday proved underwhelming
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Rating agencies have warned offering rouble payments would mean default
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Sanctions on Abramovich lead to share suspension, then board exit
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French agency hopes to grow its non-core currency offerings
