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The UK’s Debt Management Office (DMO) will sell £7.5bn more Gilts in the financial year starting in April than in 2014-15, according to its latest figures.

European Central Bank’s limited options for hitting its €60bn/month public sector purchase programme target could be made easier as a new agency nears a debut deal.

Egypt’s recent emergence as a focal point for CEEMEA capital markets activity was further elevated this week, with several loan deals in the works.

Telecom Italia has launched a €1.5bn-€2bn convertible bond this evening, which market participants said appeared designed to raise cheap funding, without taking the risk of the bond actually converting to equity.

Three CEEMEA sovereign bonds were in the market this week. With one of those — Bulgaria — having broken a record for EM sovereign bonds in euros, more are expected to follow.

Nationwide and Caixabank launched the only two covered bonds this week. Despite both issuers getting the funding they wanted, the final outcome was poor in comparison to past standards.

BPCE made its debut in the offshore renminbi market on Wednesday, pricing a 10 year non call five tier two bond. The French lender joined a series of non-Chinese banks that have tapped the dim sum bond market to beef up their Basel III tier two capital buffers.

Emirates NBD issued a €550m seven year bond on Tuesday, a breakthrough for Middle East banks in the euro market. But bankers said they are uncertain whether other issuers will now follow.

Barclays syndicate vet joins treasury - BNPP equity derivs MD quits - ex-ING syndicate man joins Belgian central bank

Corporate issuers got a rude awakening after weeks of near-perfect conditions in the US high-grade market as the recent supply glut took its toll this week.

The bookrunner league tables for international sukuk are skewed by huge lead manager line-ups and low overall volumes, so must be taken with a pinch of salt.

Asset managers have been the big winners from post-crisis regulation but should expect the next wave of rules to target them.