Europe

Ozon, the Russian e-commerce company, completed its IPO on the Nasdaq on Tuesday having built a huge order book for the stock.

Greencore, the Irish food company, has placed £90m of new shares via an accelerated bookbuild on Monday evening.

The UK Municipal Bonds Agency is set to come to market for its third bond ever — this time, on behalf of Warrington Borough Council.

The Renewable Energy Infrastructure Group (Trig), a UK investment trust that invests in assets generating electricity from renewable sources, has launched a non-pre-emptive capital raising on the London Stock Exchange for acquisition funding. However, the size will depend on a shareholder vote in December.

As the UK approaches the end of its Brexit transition period there are growing expectations that a trade deal will be struck with the EU. It is hoped that that will contribute to the factors driving spreads tighter on UK covered bonds.

The Republic of Serbia this week raised a dollar bond in its second offering of the year, in what has been an exceptionally busy year for central and eastern European sovereign issuers.

This week's funding scorecard looks at the progress French agencies have made in their funding programmes in November.

United Overseas Bank has mandated leads for the first euro covered bond benchmark from a Singapore lender since September 2018. The deal takes advantage of the Monetary Authority of Singapore’s (MAS) recent decision to increase covered bond issuance capacity.

Schroders, the UK asset management company, has partnered with Big Society Capital to seek to list a new fund on the London Stock Exchange to invest in assets which have a positive social impact on the UK.

The IPO of Nordnet, the Swedish digital bank and investment management platform, is due to be priced at Skr96, the midpoint of the initial range, when bookbuilding ends on Monday.

Kommuninvest and the Kingdom of Sweden both took to the market this week, pulling off successful trades in a buoyant market.

This week in Keeping Tabs: US treasury secretary Steven Mnuchin asks the Fed to give back emergency funding, bond markets prove their real worth, and why Brexit negotiators need to realise that English isn’t the only language.