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FMS Wertmanagement surprised dealers this week by printing its first Kangaroo bond in almost three years.

At least one highly rated European company is negotiating with its banks to make the interest payments on a syndicated loan negative — creating the potentially bizarre situation whereby banks would pay the company to lend it money, writes Elly Whittaker.

This week’s sharp Bund sell-off has shone a revealing light on the European public sector bond market’s dwindling support and growing execution risk, writes Craig McGlashan.

Seven banks operating in Singapore are now subject to a framework the Monetary Authority of Singapore has established to determine domestically systemic important banks (D-Sibs).

A sell-off in European government bonds this week has public sector bond bankers hoping that investors may soon be tempted to buy public sector new issues in euros in greater size.

Euroclear expects that investors will not have to pay issuers if floating rate note coupons go negative, and that bond documents will clear up any confusion.

Everyone knows the City votes with its wallet, and a Labour government will cost its professionals dear. But the Conservatives threaten its very existence.

Investec printed a high yielding senior bond at the holdco level this week, showing that even smaller banks may be developing a desire to stock up on bail-inable debt.

A nervous tone in the FIG market has already crushed Banco Popolare’s hopes of printing tier two before its quarterly results, and conditions could be just as tough next week.

MTN desks will not be getting the surge in business some of them were anticipating, after Germany updated its draft bail-in law to align Schuldscheine with senior unsecured.

Delachaux, the CVC-owned French maker of railway tracks, has set out the conditions for the repricing of a €690m-equivalent loan that it launched under different market conditions in September.

Busy Bee, the UK nursery and early education provider for under-fives, was aiming to allocate its £210m refinancing loan by Thursday afternoon, with pricing tight but not too aggressive.