Europe

Vantage Towers, the telecoms towers division of Vodafone, has announced the price range for its IPO on the Frankfurt Stock Exchange and secured cornerstone orders for almost half of the deal size. The deal is smaller than many had expected, as rising bond yields continues to impact wider equity markets.

Tesco, the UK supermarket chain, has reacted quickly by setting new targets to sell healthier food, less than a month after a group of shareholders filed a resolution calling for this — a sign of how sensitive companies are to having environmental, social and governance motions voted on at their annual general meetings.

Trustpilot, the online review site, has moved closer to an IPO on the London Stock Exchange, attracting a number of high profile cornerstone investors to the deal.

The European Union on Monday finally mandated the banks to lead its second Support to Mitigate Unemployment Risks in an Emergency (SURE) transaction of the year.

German semi-conductor company Infineon Technologies has launched a US private placement, according to market sources.

BPCE attracted good demand for its second dual tranche covered bond of the year, which included a rare 20 year portion. The deal showed that investors are so far impervious to the recent rise in rates.

Digital 9 Infrastructure, a new London-listed fund focused on digital infrastructure, has begun bookbuilding for its £400m IPO, enticing investors with the promise of chunky dividends.

Crédit Agricole Italia became the first Italian bank to issue a green obbligazioni bancarie garantite on Monday and the first in well over a decade to issue an OBG at a single-digit spread over mid-swaps.

Deal hungry equity investors were salivating on Monday when Deliveroo, one of the year's most anticipated listings, filed its IPO registration document in London.

Friedrich Vorwerk, the German energy infrastructure construction company owned by MBB, has announced its intention to float on the Frankfurt Stock Exchange.

Leeds Building Society is preparing to return to the sterling market this week for its first ever sale of non-preferred senior debt. The new bond will help the issuer refinance a euro deal maturing later this year, while reshaping its balance sheet for the minimum requirements for own funds and eligible liabilities (MREL).

Plans for a global Insurance Capital Standard (ICS) will be subject to a "small number of revisions" in 2021, according to the International Association of Insurance Supervisors (IAIS), which has completed its first round of feedback on the new framework.