ING

Three of the UK’s biggest banks raised $5bn in senior and sub notes across the curve in the dollar market on Monday, while ING Bank still managed to beat them all in terms of size.

ING Bank launched a dual tranche benchmark in dollars on Monday morning, as the currency continues to provide a funding outlet for European banks.

Russia’s Lukoil has signed a $440m syndicated loan with four commercial banks, as part of $1bn of loans backed by development banks.

KazMunaiGas - Socar - Turkish Airlines - IAG - Northgate

Volkswagen Leasing was the sole issuer to tap the euro market on Monday, brushing off any fears about investor engagement in August by gathering an almost four times subscribed book for a €1.5bn print.

Development Bank of the Philippines (DBP) is said to have chosen three lenders to arrange its financing of up to $300m.

Anything but euros worked for top-flight sovereign, supranational and agency issuers in the MTN market this week, as instability in both the banking and sovereign sectors rocked equity and CDS markets.