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Foreign exchange settlement firm CLS has teamed up with LCH.Clearnet’s ForexClear platform to develop a service that will enable physical settlement of cleared FX products.

Increasing volatility correlation across different asset classes could be an early warning sign of a financial crisis, some investors and strategists have warned, even though options prices have yet to convey any panic.

The Chicago Board Options Exchange has introduced 10 equity option strategy indices to the investment world, with intra-day valuation.

Northgate, the UK van hire firm, has reduced its flagship bank facility and replaced the financing with a €100m private placement from Pricoa Capital.

The Housing Finance Corp and Intercontinental Hotel Group refilled the sterling pipeline on Monday, with both issuers hiring banks for deals in the currency.

German cable company Tele Columbus is allocating a €435m leveraged loan that backs its acquisition of rival Primacom, setting outs its ambitions for consolidation in the sector.

The European Investment Bank added another deal to its recent burst of issuance in euros on Monday, as a German state mandated banks for a €500m August 2019 deal.

Cyprus’s three month borrowing costs dropped to their lowest level this year at auction on Monday, as Spain and Greece prepared for longer dated debt sales later in the week.

International Airlines Group's financing of its €1.4bn acquisition of Aer Lingus has taken another twist, with IAG signing a €600m term loan with Helaba and British Airways.

Spain’s construction and energy company Abengoa on Monday announced an unexpected €650m capital raise, which triggered immediate selling in its shares and bonds.

UK generic pharmaceuticals company Amdipharm Mercury — also known as AMCo — is closing books on a €163.7m leveraged, having tightened pricing on the back of strong demand.

Lufthansa is set to make a third attempt at its debut hybrid bond, mandating banks on Monday for a deal that could be priced as soon as Tuesday.