News content

Dubai Gold & Commodities Exchange (DGCX) is planning to offer renminbi derivatives by Q3 2015. The exchange recently signed a memorandum of understanding (MoU) with Bank of China (BoC) and a separate agreement with the China Futures Association (CFA).

Swedish bank Skandia said on Tuesday that it was considering floating its Norwegian online bank, Skandiabanken Norge, in the fourth quarter of this year.

Salzgitter, a German maker of steel products and tubes with a €2bn market cap, returned to the equity-linked debt market on Tuesday with a €168m deal that was priced at very aggressive terms, reflecting investors’ eager demand for convertibles.

Ado Properties, the German residential property firm previously known as Swallowbird Trading & Investments, on Tuesday set out its plan to list on the Frankfurt Stock Exchange.

Three convertible bonds were launched in Europe on Tuesday, by British Land, steel tube maker Salzgitter and Iida Group, a Japanese condominium developer.

Century bonds are easy to criticise, but few instruments generate such momentum around a credit and we mustn’t forget that when they happen it is for a reason: investors want them.

French oil and gas company Total launched a sterling deal on Tuesday, tapping the currency for the third time in two years — and for the first time since being downgraded by Fitch in February.

US flooring manufacturer Mohawk Industries made its euro debut on Tuesday, aiming to fund its acquisition of Belgium's IVC Group. However, leads could not tighten pricing from initial price thoughts.

German electricity grid operator Eurogrid hit the euro market with a 10 year bond on Tuesday, opting to brave a tricky market in order to avoid further obstacles to issuance later this week.

Spain and Council of Europe Development Bank hit the long end of the curve in euros on Tuesday ahead of a Greek debt repayment deadline later this week.

Rentenbank opted to increase the size of a 10 year dollar benchmark over squeezing the pricing tighter on Tuesday.

Asian Development Bank on Wednesday sold its first bond in Canadian dollars this year, which was also its largest print in the currency on a single visit.