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With a Greek default seeming more likely than ever before as the country’s disagreements with its creditors threaten to boil over, equity options traders show little sign of panic.

The potential for options to both magnify and soften credit blow-outs was demonstrated this week, as Greek default fear gripped the market and sent credit index spreads surging wider.

The bulk of respondents to Ferrexpo’s exchange offer have voted in favour of the issuer’s plans, the company said this week.

Since Shell’s turbo charged £55bn bid for BG Group in May, the investment grade loan market has been choking and spluttering for more M&A fuel. Though there has been a flow of refinancing and IPO-related deals, M&A-driven issuance has been uninspiring and will struggle to meet the high expectations laid out at the beginning of the year.

Etihad Airways is hoping to raise more than $1bn in a structured deal that would help fund the company and several airlines in which it holds a stake. But bankers and investors are sceptical the borrower can sell such a complex transaction, writes Steve Gilmore.

US Federal Reserve chair Janet Yellen made comments on Wednesday which many interpreted as indicating a likely policy rate increase later this year, but syndicate officials are expecting this to have only a limited effect on EM bond trading and new issue supply.

There are many words synonymous with the European sovereign debt crisis, the portmanteau Grexit being the most in vogue. But a word that the European Central Bank hoped it had banished — contagion — has returned to the discourse this week.

Tessenderlo Chemie, the unrated Belgian chemicals company, was undeterred by fragile market conditions on Tuesday as it began marketing a two tranche bond to institutional investors. It extended the offer to retail buyers on Thursday.

New York-listed Nord Anglia, the international schools operator, sold a Sfr200m secured high yield bond on Thursday. It had to trim the size, but was able to hold out against pressure to widen pricing.

Companies have overtaken public sector entities in issuing green bonds this year, according to research from Bank of America Merrill Lynch published on Thursday.

Export Development Canada has placed its second dim sum of the year, driven by a reverse enquiry from an investor buying EDC debt for the first time.

A 10bp new issue premium was not enough for HSH Nordbank to attract a fully subscribed book for a €500m seven year Pfandbrief issued on Monday. Though it was cheap to the curve, the deal was much more expensive than other higher rated, shorter dated agency debt offered at the same time.