News content

North Rhine-Westphalia on Wednesday became the first German Land to sell a socially responsible bond, pricing its debut sustainability bond flat to its curve.

The wave of cash flowing into Europe's high yield market, ahead of the imminent launch of the European Central Bank’s quantitative easing programme, is set to create extreme conditions in the coming months.

German science publisher Springer Science set out pricing on its €600m-equivalent acquisition loan on Tuesday, with some existing lenders already warm to the deal.

Dutch grain trader Nidera is close to completing a revolving credit facility, according to bankers involved in the deal.

Emirates NBD has mandated six banks for a European roadshow starting next week, bringing hope that the bank will print a breakthrough euro trade.

Barclays, RBS and Standard Chartered have explained how they plan to meet new total loss absorbing capital (TLAC) rules — although the rules are not yet finalised and will not come into force until 2019.

Bank of Tokyo Mitsubishi made a rare appearance in the euro market on Wednesday, achieving a level flat to compatriot Sumitomo Mitsui’s secondary levels for a seven year print.

The tier two market rocketed back into action on Wednesday, with Santander Issuances and KBC Group hitting the undersupplied sector and quickly building bumper books.

Croatia has tightened talk for its 10 year euro-denominated bond to 270bp area over mid-swaps, as the book for the deal climbed to past €5bn.

Ghana National Cocoa Board is back in the loan market for its annual pre-export finance facility and has requested proposals from banks.

One of the most striking traits of this year in equity capital markets has been the number of listings pulled last year succeeding second time round. This week, it continues as Aldermore looks set to achieve its IPO.

It is all about the euro denominated market this week, with seven banks launching deals across senior and subordinated by Wednesday morning.