JP Morgan

Three block trades took place on Tuesday night, as Europe’s equity capital markets appear to be returning to normality after the stress of the Greek debt negotiations of the past few weeks.

Kazakhstan printed a gigantic $4bn dual tranche bond this week, drawing a book of around $9.5bn for the notes.

The future of Greece as a eurozone country was hanging in the balance on Wednesday — all but shutting down the euro benchmark market for public sector borrowers.

JP Morgan beat market expectations for earnings per share, but its fixed income markets business took a battering, with a decrease of 21% in revenues year on year.

Altice is back in the European loan market, but for once not with an extravagant M&A financing. This month, Patrick Drahi’s telecoms group is seeking to refinance debt under its revolving credit facilities.

CVC Capital Partners took another swift step towards its exit of Evonik Industries on Monday night, pouncing after the German chemical company’s shares had hit an all time high to sell a block of shares for €519m, in a deal that was increased.

Kazakhstan opened books on a dual tranche dollar bond on Tuesday morning, and is looking for at least $2bn, according to a source close to the deal. Debt bankers away from the bond felt confident size would not be an issue, but were divided over whether the start point was appropriate or very cheap.

CVC stepped into the market on Monday evening after a strong day for European stocks to sell another chunk of Evonik Industries, the German chemicals company it floated in 2013.

Indian shopping mall operator Phoenix Mills has raised $45m via a qualified institutional placement that resounded well with international long-only funds, even surprising those close to the deal with their strong interest.

After a week’s hesitation, Deutsche Pfandbriefbank has gone ahead with its IPO, in a sign of confidence in the market – despite the ever uglier masses of cloud building over Greece and China. If it is completed, the deal will raise over €1bn, and be almost certainly the largest IPO left in the European market before the August lull.

Block trades made a tentative return to the European equity capital market this week, though bankers had said on Monday that they did not think deals were likely.

A pair of public sector borrowers were able to place larger than planned dollar benchmarks on Thursday.