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British American Tobacco issued a €3bn four tranche deal today, including a €600m 30 year note.

Spain’s short term borrowing costs tore down to near zero on Tuesday as the country received approval to pay back cash to the European Stability Mechanism early.

Rentenbank tapped a 2020 Kangaroo bond for A$200m ($152.9m) on Tuesday, pricing the deal in line with a recent World Bank print in the format.

Canada is taking indications of interest on a three year dollar benchmark, amid a busy week of SSA issuance in the currency.

KfW is to tap a short dated sterling line on Wednesday, coming a day after Caisse des Dépots et Consignations launched a rare sterling syndication.

Finland's Neste Oil has issued a €500m seven year bond after increasing the size in response to investor demand.

Dubai’s Port & Free Zone World FZE found high demand as it signed a $1.2bn five year loan with banks last week.

The European Stability Mechanism has made a strong case that negative yielding bonds are an option for SSA issuers, after building a thumping book for paper yielding minus 0.07%.

Market orthodoxy is that UBS made an astute move by cutting back its investment bank in 2012, and that Credit Suisse’s hiring of Tidjane Thiam is a prelude to it doing the same. But how true is that – and should Thiam sharpen his axe?

Market participants have welcomed reported indications by Yi Gang of the People's Bank of China (PBoC) that China’s Cross-border Inter-bank Payment System (CIPS) is set to be launched this year. They see it as a key step to facilitating RMB usage in global payments and making RMB clearing more market-driven.

Aldermore’s share price rose 12% on Tuesday morning, when it began trading in London after the UK challenger bank found success in its second IPO attempt.

Auto Trader looks increasingly likely to achieve its desired valuation of £2.5bn, as the online new and second hand car website's London listing got covered throughout the range on the first day of bookbuild.