Europe

Spanish lender Bankinter paid a visit to the tier two market for the first time in four years on Tuesday, raising €750m of capital while paying next no new issue premium.

Turkey launched a June 2026 dollar sukuk on Tuesday, which some market participants believe is set to come "cheap" as the sovereign looks to extend its curve in the asset class.

Colis Privé, the French parcel delivery company, has revealed that it has received approval from France’s Autorité des Marchés Financiers to list on the Paris stock exchange. Appetite for French IPOs has been mixed in recent weeks, but sources in the country say that a growing domestic bid might be enough to carry new deals across the line.

Trading levels given are bid-side spreads versus mid-swaps and/or an underlying benchmark and bid-yields from the close of business on Monday, June 14. The source for secondary trading levels is ICE Data Services.

The UK government is consulting with market participants about new powers enabling it to block companies from listing their shares in the country on national security grounds. The move comes after concerns were raised about the 2017 listing of energy and metals company EN+.

Spain’s Instituto de Crédito Oficial hit the market for its third green bond on Monday, giving its newly updated framework for the product its first airing.

The European Union announced the mandate for the inaugural bond for its €800bn Next Generation EU (NGEU) scheme on Monday morning as the European Commission ruled on prohibiting banks which have been found guilty of breaching anti-trust rules from appearing on syndications for the programme.

NatWest Markets and SEB took €1bn or more of senior funding out of the euro market on Monday, offering a little extra spread to make sure their trades progressed smoothly.

Antonio Cordero Gomez, chief financial officer of Instituto de Crédito Oficial, spoke to GlobalCapital about the need for continued innovation in the world of ESG labelled bonds, and about Ico’s role in fighting the economic consequences of coronavirus.

Bank of Nova Scotia (BNS) priced its first Sonia-linked Canadian covered bond, the largest ever issued against Sonia and the first from a Canadian bank in well over a year on Monday. A t the same time TSB mandated leads for another Sonia linked covered bond.

German eyewear retailer Mister Spex is preparing to go public, having announced its intention to float on the Frankfurt Stock Exchange on Monday.

Íslandsbanki, the Icelandic bank nationalised during the financial crisis, was finishing its flotation on the Nasdaq Iceland on a strong note on Monday, pricing the IPO at the top of the price range.