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Credit default swaps referencing Brazil have hit their widest levels of the year, with the continuing crash in commodities weighing heavily on those names most exposed and adding to a raft of other woes for the country.

One area of European credit not reflecting the global market's bearish tone on Monday was iTraxx options trading, where traders reported plenty of demand among participants to sell volatility even as spreads continued to widen.

Despite earnings season confirming the worst for energy companies and some having announced major write downs, US equity volatility is yet to stir.

New Mauritius Hotels (NMH) on Monday issued 161.4m shares upon completion of a fully subscribed rights issue.

French gas distribution company Transport et Infrastructures Gaz France on Monday became the first corporate issuer to aim for the long end of the curve for almost a month, amassing an almost three times subscribed book for a 10 year print.

Urenco, the UK headquartered uranium enrichment company, on Monday shook off lingering concerns surrounding its sector, attracting a strong order book for a new seven year print.

Weener Plastik, the German plastic packaging systems provider, has allocated its €250m acquisition loan on the back of heavy oversubscription.

Zegona Communications, an Aim-listed operating company set up to buy, fix and sell European telecoms firms, is acquiring the entirety of Telecable de Asturias for €369m.

Coils Lamiere Nastri, an Italian automotive parts producer, has made its first foray into the bond markets and could be back for more.

A French agency was first out of the blocks in the dollar market this week with a $500m no-grow mandate — but SSA bankers believe there could also be opportunities in larger size.

This week could be the last opportunity for borrowers to bring euro deals before the market shuts down for summer, according to SSA bankers and issuers — and some trades are already on the production line.

International Finance Corporation is set to launch a new Kangaroo line, as other supranationals and agencies look to follow in the format.