Europe

The Restaurant Group, the owner of multiple UK dining brands including Wagamama and Frankie & Benny’s, has completed a £175m capital raising, with a high take up from shareholders.

Dexia Credit Local was the sole public sector borrower to announce a new deal in the primary market on Monday as it mandated banks for a five year dollar trade.

This week's funding scorecard looks at the progress Europe's supranationals and agencies have made in their funding programmes at the end of March.

HSBC UK Bank plc has set up a UK covered bond programme which, in contrast to its previous one, sits inside its ring-fenced entity and is likely to be used for distributed issuance.

Shares in ActiveOps, the Reading-based management software company, traded up more than 13% on Monday after the company made its debut on London’s alternative investment market (Aim).

CNP Assurances found favourable pricing in dollars this week, when it ventured into the Reg S market for its second sale of restricted tier one (RT1) capital.

JP Morgan has appointed two new co-heads of EMEA equity syndicate to replace Lorenzo Soler, who moved back to the US to run the bank’s Americas syndicate desk. One is an internal hire and the other joins from Deutsche Bank.

Shares in European FinTech IPO Company 1, a new blank cheque firm focused on financial technology in Europe, fell in trading on Friday following the company’s €415m flotation on the Amsterdam Stock Exchange.

The Autonomous Community of Andalucia has selected banks to arrange a series of meetings with investors to promote its new sustainable finance framework and provide a credit update.

Dutch bank ING made a triumphant return to the dollar market this week, launching its first SEC-registered trade in almost two years as it added to Yankee bank supply.

A group of bondholders is threatening legal action against NordLB, claiming the German lender is acting in bad faith by trying to terminate its silent participation capital notes.

Digital 9 Infrastructure, an investment trust that invests in digital assets, has completed a London IPO raising £300m for investments. Its first acquisition will be in a company that owns transatlantic fibre-optic cables used by large internet companies.