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Europe’s leading stocks soared 4% on Monday, as hopes rose of a deal between Greece and its creditors. But there was little concrete reason for stocks to rally, and it may have been a sign of the fragile confidence in this rise that no shareholders chose this evening to sell blocks of stock.

Banca Sistema, the Italian bank specialising in factoring, especially for government bodies, began the bookbuild for its IPO on Friday June 19. The deal, led by Barclays, will value the bank at up to €350m.

Credit Bank of Moscow released on Friday June 19 further details of its IPO, announced on Tuesday last week. The offering on Moscow Exchange begins on Monday June 22 and will run until June 30.

Bank of Georgia intends to float its wholly-owned subsidiary Georgia Healthcare Group on London’s main market in either September or October.

Despite waning interest in liquid alternatives, US wealth management firms focused on ultra-high-net worth and family office investors remain loyal to volatility managers.

Syndicate bankers are complaining that another quiet week could be on the agenda for the euro corporate bond market, as uncertainty over Greece’s debt negotiations makes issuers and investors wary.

Leveraged finance bankers said on Monday that Altice could get “financing at the drop of a hat” for a possible takeover of rival Bouygues Telecom, but added that negotiations for the deal could be hairy.

Fitch is considering following Moody’s in splitting out counterparty ratings for banks, a move which would make its criteria more sensitive to the new reality of bank resolution.

Mercuria Energy Trading, the Swiss commodities trading group, has increased its revolving credit facility during syndication, but still kept it smaller than the $2.65bn it signed last year.

BB Energy, the Lebanese privately owned oil and fuel trading group, has signed a $200m revolving credit facility that was increased from $175m after being twice oversubscribed.

The International Finance Corporation has launched a Turkish lira discount note programme, becoming the first international issuer to print discount notes in the currency.

The amorphous nature of Greece’s latest negotiations with its creditors will stymie all but the most conservative of trades this week, SSA bankers have warned.