Natixis

Veneto Banca was attempting to transform a €350m three year deal from January into a benchmark trade with a tap on Wednesday, as the sub-investment grade credit made its third visit to the public senior unsecured market in the last six months.

GazTransport & Technigaz's (GTT) €675m IPO was covered on Tuesday, the day after bookbuilding began. Bankers hoped the deal could capture demand as investors move towards defensive stocks.

Natixis has not shied away from tough decisions in revamping its wholesale bank as it strives to put its recent troubles behind it, writes David Rothnie.