Lloyds Bank

Compagnie de Financement Foncier had been expected to open books for a 10 year benchmark on Wednesday, but postponed the deal blaming market conditions. Rival bankers said the long tenor was the wrong choice for the weak market.

UK banks could look to stockpile their funding in 2016, as the country’s forthcoming EU membership referendum will cause capital markets to snarl up later in the year.

Crédit Agricole issued the one and only covered bond of the week on Thursday and showed that it is possible to get a strong outcome in a tough market.

As two senior Loan Market Association members leave the loan market, one will relinquish his role at the LMA while the other will stay on.

A corporate bond syndicate banker has been made redundant by Lloyds Bank.

Lloyds, Dexia Crédit Local and Wells Fargo have all sought dollar funding this week, turning away from a bare European market to take advantage of a brighter tone in the US after bank results.

The dollar has been left as the only accessible currency for European banks looking to print benchmark debt so far this week, as even covered bonds succumb to a global market rout.

Simon Allocca, head of loan markets at Lloyds Bank, is moving to a new job at the bank.

Covered bonds issued this week from Lloyds and Bank of Nova Scotia were among the largest seen this year and attracted the biggest order books.

Trafigura, the Singapore based commodity trader, launched a $4.3bn loan refinancing on Thursday as it looks to improve terms off the back of a standout year in 2015.

Financial institutions have taken an early plunge into additional tier one bonds this week, as European and US investors show willing to take on risk and put cash to work.

Santander UK was set to print a solid sterling senior holdco debut on Friday, but different views of the appropriate spread between opco and holdco debt meant rival bankers couldn't agree on fair value for the deal.