Pre-migration untagged articles

Russian brokerage Otkritie has hired two senior staff in what it is billing as the first steps in an international expansion strategy. Howard Snell, formerly Troika Dialog’s UK chief executive, and Nicholas Richmond, head of Russian trading at JPMorgan, started at the brokerage last month.

The Province of Ontario and the Canton of Geneva issued bonds in the Swiss market on Thursday. The cancellation of bond auctions by the Swiss confederation helped the transactions perform well, despite some bankers away from the deal saying the pricing was too tight.

Pfandbriefbank schweizerischer Hypothekarinstitute raised Sfr825m (Eu564m) in the Swiss franc market on Monday through a three tranche issue.

Swiss utility company Räetia Energie, which is 46% owned by the Canton of Graubünden, completed its first public issue on Wednesday placing Sfr200m ($28.5m) of seven year paper. The issuer had only completed private placements before.

Dealers of private EMTNs: Non-syndicated deals for less than $250m excluding financial repackaged SPVs, GSE issuers, self-led deals and issues with a term of less than 365 days.

Société Nationale des Chemins de Fer Francais (SNCF) issued a Sfr300m 10 year bond on Wednesday, bringing its total issues in Swiss francs this year to over Sfr700m. Swiss investors welcomed it back with open arms as SNCF issued its third transaction in the market this year.

UniCredit this week extended the obbligazioni bancarie garantite yield curve by selling a Eu1bn January 2022 issue, the longest dated Italian benchmark covered bond yet.

Danske Bank placed large Norwegian krone taps for KfW and the European Investment Bank (EIB) on Tuesday.

A inaugural public issue for Dexia Lettres de Gage Banque has reopened a Luxembourg benchmark lettres de gage market that had lain dormant since November 2006.

Investors’ hunt for yield has translated into a big week for niche currency vanilla MTNs with investors in Europe and Asia showing interest in a greater variety of currencies. Demand for lightly structured MTNs also remained strong this week as a result.