Europe

Sovcomflot, the Russian state-owned shipping company, has launched its IPO on the Moscow stock exchange with domestic orders already in the book.

Mizuho Financial Group will be looking to time the sale of a new senior deal very carefully this week, with euro market conditions still proving challenging for issuers.

Manfred Knof's appointment to succeed Martin Zielke as Commerzbank chief executive has been welcomed by market participants, ahead of an expected strategy update at the German bank.

Agence Française de Développement announced on Thursday that it will be launching a new framework showing how its treasury activities promote the UN’s Sustainable Development Goals. It has also boosted its funding programme to allow it to meet its clients' additional needs caused by the coronavirus pandemic.

This week in Keeping Tabs: what explains the relative performance of different EU countries and what does this mean for fiscal and monetary policy; why you should brace for US election chaos; and how to harness finance for green purposes.

Allegro, the Polish e-commerce company, will grow the size of its Warsaw IPO to meet investor demand for the deal.

Skipton Building Society found a window to launch its debut non-preferred senior bond in the sterling market on Friday, ahead of what could be a tricky fourth quarter for UK borrowers.

The Co-operative Bank is looking to buy back any and all of its only outstanding covered bond, as it repositions its funding structure for central bank money and the minimum requirement for own funds and eligible liabilities (MREL).

Hammerson, the UK property company, completed its £552m rights issue with a 94.9% take-up for existing shareholders. The remaining shares were sold to investors on Friday morning in an accelerated placement.

Hipgnosis Songs Fund, the London-listed investment trust focused on music royalties, has concluded its latest share sale, raising £190m, less than its £250m original target.

After a week without deals, the primary euro public sector bond market will see a return of activity next week with Bank Nederlandse Gemeenten and the State of North Rhine-Westphalia preparing to bring sustainable deals in the currency.

Kaspi, the Kazakh fintech and e-commerce firm, has returned to the IPO market for a second attempt at a London listing after cancelling last year's effort over valuation differences between investors and the sellers. Sources say that gap has been bridged and are confident of listing Kaspi this year.