NatWest Markets

Arrow Global, the UK consumer debt manager, will start investor meetings on Thursday for a €225m floating rate note to fund its buyout of InVesting BV and repay its revolving credit facility.

Eurogrid, the German electricity grid operator, took over €4bn of orders for a 12 year euro bond on Monday, as it took advantage of flattening at the long end of the curve.

Over the past 15 years UK banks have set aside over £53bn to pay for their misconduct, according to a report published on Monday, with the end nowhere in sight.

Daiwa Capital Markets has hired Jez Walsh as co-head of London syndicate, alongside Kevin O'Neill.

Royal Bank of Scotland said on Monday it would take a loss on buying back some £2.3bn of opco and holdco debt, as it continues to position for the incoming total loss absorbing capacity (TLAC) regulations.

The European Investment Bank and the European Union kicked off April by printing impressive benchmark deals, yet despite this strong start to the quarter SSA bankers fear that a combination of the threat of a Brexit and the low yields on offer in the euro market will make conditions extremely challenging for issuers.

Réseau de Transport d’Électricité (RTE) rolled out the European corporate bond market’s second 20 year bond of the year on Tuesday as investors lapped up the duration on offer.

The European Investment Bank built a book of €8bn for a 10 year Earn on Tuesday as the 10 year Bund yield fell to a 12 month low, leading bankers on the deal to suggest tougher times may lie ahead for euro issuers.

European Investment Bank is expected to comfortably print a 10 year Earn on Tuesday, but bankers have expressed concern for the prospects of other issuers looking to sell deals in the currency as yields fall to near record lows.

A former head of UK equity capital markets at Bank of America Merrill Lynch has been appointed chief executive of UK Financial Investments, which manages the government’s stakes in Lloyds and Royal Bank of Scotland.

French pharmaceuticals company Sanofi revived the zero coupon bond on Tuesday as it returned to the bond market issuing its favoured triple tranche structure.

Fiat Chrysler Automobiles issued €1.25bn of unsecured bonds on Wednesday, the second crossover deal in the European corporate bond market this week.