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JP Morgan and Morgan Stanley yesterday successfully sold a 10% block of Spire Healthcare shares, only to see the stock fall 10% in trading today in what one lead banker called a “disappointing” outcome.

This week has seen a return of real money funds buying payer credit options, after resurfacing Greece default concerns prompted another round of hedging.

The first accelerated bookbuild in shares of Virgin Money, the UK challenger bank that floated in November, is taking place this evening, through Bank of America Merrill Lynch and Goldman Sachs.

Wirtualna Polska, a Polish internet portal company, on Tuesday started bookbuilding for its Z323m (€80m) Warsaw initial public offering.

Of Monday night’s two other block trades, besides the sale of shares in Spire Healthcare, one went well and was increased, while the other – in Al Noor Hospitals, was not covered.

A 12 year socially responsible benchmark from Île-de-France on Tuesday fell short of full subscription as investors shunned the print because of the low yield on offer.

The European Investment Bank has hired banks to run a syndication in the belly of the curve — plumping for a shorter maturity after a slew of seven year supply last week.

RWE, the German electricity and gas company, issued €1.25bn of hybrid bonds on Tuesday, which are expected to partly replace its €1.75bn hybrid issued in 2010 and to be callable in September.

GlobalCapital is delighted to announce the nominees for its 2015 US Derivatives Awards. Nominations are based upon the cross-market poll conducted in recent weeks. Winners will be announced at a gala dinner in New York on May 28.

The overall credit default swap and interest rate derivative notionals reported to swap data repositories last week decreased again by a further 35% and 25% respectively compared to the same week last year, according to data from the International Swaps and Derivatives Association.

Nokia announced today that it was in advanced talks to buy Alcatel-Lucent, which has a market capitalisation of about €11bn, but so far there is no clarity on how a deal might be financed.

Chevron Nigeria will hold a meeting with banks in London on Monday next week as it looks to build commitments for a $1.2bn loan.