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Rating agency Moody’s warned that Brazilian corporates are facing increased liquidity risk after Cimento Tupi missed a bond payment this week.

Ecuador took advantage of its falling bond yields in the wake of a rally in oil prices to reopen its dollar bonds due 2020 for a further $750m on Thursday.

Financial markets operators responded this week to the European Commission’s consultation on Capital Markets Union.

The heap of failed IPOs in Europe this year is mounting, with another two deals cancelled this week, almost at the last minute before completion, write Olivier Holmey and Rashmi Kumar.

The dollar market will still be the place to go for SSAs next week as the euro market comes to terms with a rampant repricing, but not every deal in the market this week fared spectacularly well.

World Bank has closed the subscription window for its first index-linked green bond marketed to US retail investors, the first of many such green structures it plans to sell into the US.

Lloyds Bank escaped the turmoil of the euro market this week and headed to the US to extend its unsecured dollar curve with a three part debt offering.

FIG bankers became steadily more concerned about supply prospects this week as stability in European rates looked far off.

Just a couple of days into bookbuilding, Multiconsult’s IPO of at least NOK827m ($135m) was oversubscribed across the price range, in what is a big thumbs-up to the company’s Oslo listing.

While most of the loan market speaks of a quiet patch, Middle East deals continue apace with bankers saying there are lots more deals to follow from several countries.

The price advantage German banks gain by issuing Schuldscheine over vanilla senior debt could be eroded as the country’s draft bail-in law takes shape.

Banco Popolare, which missed a window to print tier two before its first quarter results, has emerged from blackout with an increased common equity tier one ratio.