Europe

The UK will make its green bond debut in the summer before following up with a second deal later in the year, the country's Debt Management Office said on Wednesday as it announced its borrowing remit for its 2021/2022 fiscal year.

The US this week confirmed it would follow the EU and sanction certain Russian individuals in connection with the poisoning of prominent opposition leader and Kremlin critic Alexei Navalny. The announcements did not move markets, and are a far cry from the worst-case scenario some had feared.

Europe’s equity bankers are looking nervously across the Atlantic at a prolonged sell-off in US stocks that began when fears of impending inflation caused investors to dump tech stocks. The contagion has spread to the European markets, with investor fear starting to show in recent block trades, writes Sam Kerr.

Banco de Sabadell was met with good demand this week for the first euro additional tier one benchmark of 2021, as investors welcomed the rare opportunity to pick up subordinated bank debt in the primary market.

LondonMetric, the UK real estate investment trust, is marketing a private placement deal, according to market sources.

Swedish Export Credit Corporation on Thursday became sold the third three year dollar deal by a public sector borrower in as many days, showing ample demand for the short end of the dollar curve.

Oldenburgische Landesbank (OLB) is set to issue its first Pfandbrief sometime next week, after mandating leads for a roadshow.

Alpha Bank priced a new tier two in line with its initial marketing range on Thursday, after failing to build up much momentum through the order book.

Hypo Tirol issued its first Pfandbrief to fund affordable housing on Thursday.

CTP Logistics, a commercial real-estate developer based in the Czech Republic, has launched an IPO on the Amsterdam stock exchange.

Monika Rast, UniCredit's head of multinational corporates, is taking on the additional title of deputy head of the corporate and investment bank for Germany.

The majority shareholder in Danish insurer Tryg has completed a 53m share sale to part-fund its participation in the company’s $6bn-equivalent rights issue.