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Kuxtabank this week issued the first Spanish covered bond backed by loans with an environmental, social and governance remit, and the first peripheral 10 year since March.

European banks may be forced to raise even more capital over the next two years after the Single Supervisory Mechanism (SSM) called for a clampdown on the widespread use of options and other national discretions (ONDs) in capital ratio calculations.

Two insurance companies met investors this week for tier two trades as the sector continues to beef up its capital ahead of the implementation of Solvency II in January 2016.

Angola has updated the mandate for its debut public Eurobond again, naming Deutsche Bank, Goldman Sachs and ICBC as leaders of the deal, according to two bankers away from the controversial financing.

Two European corporates have issued chunky privately-placed yen MTNs. Engie and TeliaSonera were both returning to the format for the first time in several years.

The euro high yield market has been without a new issue for two weeks now, but market participants are confident that it will restart its engines, now that the Federal Reserve’s interest rate decision has been revealed.

Etihad Airways and five other airlines in which it owns stakes, printed an innovative $500m structured bond on Wednesday and bumped it up to $700m a day later on the back of a late reverse enquiry.

Pentair, the UK-headquartered maker of fluid and thermal systems, priced a €500m bond in line with initial price thoughts on Monday, after deciding to plough ahead with its funding plans despite a difficult market.

Banco Popolare struggled to sell €500m of three year debt on Monday as there is no longer a natural investor base for double-B rated senior product. Spreads must widen or these banks will find their long term funding options limited.

Norddeutsche Landesbank and Landesbank Baden-Württemberg coped well with the new rules around debt seniority for German banks this week. Both launched successful senior trades with strong, domestic-led order books after Commerzbank had struggled for demand on Monday

Paul Frankfurt, head of equity block trades EMEA at Bank of America Merrill Lynch, is leaving the bank to help set up a global markets operation at Anoa Capital, a Luxembourg-based boutique investment bank.

Technicolor, the French media company, is marketing €375m of leveraged loans at bank meetings next week.