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Glencore is keeping its options open as to how it raises $2.5bn of fresh capital. The deal could come as an accelerated bookbuild or in another form, and the mining and commodities group has flexibility on timing.

Citigroup has hired Giacomo Ciampolini, the equity capital markets block trade specialist on Goldman Sachs’s syndicate desk. He will have a dual role as head of Italian ECM and working on accelerated bookbuilds.

Telecoms company Telefonica was one of two Spanish corporates to tap the euro market on Monday. Gathering a solid order book despite a minimal new issue premium, Telefonica appeared unaffected by any concerns regarding upcoming elections in Spain.

A pair of SSAs hit screens with euro benchmark mandates on Monday — and bankers are confident that market conditions will stay bright to support even more expected supply.

Supranational and agencies could add to a small flurry of medium term notes in Colombian pesos in the coming weeks, said bankers, as a sell-off in the currency fuels demand from investors.

Crédit Agricole's head of project finance has moved to a new job as head of special projects with two from the project finance team taking over his old responsibilities.

Fixed income manager BlueBay on Monday announced new direct lending appointments, as it expects current market volatility and low yields to drive investors into private placements.

Bulgarian Energy Holding, the state electricity and gas group, is looking for €650m of loans as part of a renegotiation with two US power generators.

Barclays began marketing a multi-tranche Samurai trade on Monday, as some FIG bankers claimed European banks were still baulking at the new issue premiums being offered by US visitors to the euro market.

US bankers may have downed tools for Labor Day on Monday, but Bank of America was busy selling a dual tranche senior unsecured deal in the euro market.

Prabhat Dairy limped over the finish line with its IPO, with the Indian producer of milk and dairy products pricing the deal at the bottom of the range after being forced to extend bookbuilding and drastically slashing price guidance.

Tata Steel’s attempt to reprice a portion of a $3.1bn loan sealed in 2014 has run into delays, which bankers are attributing to a lack of communication by the borrower as well as concerns about the steel sector. This has prompted some lenders to rethink what a reasonable cut on pricing would be.