RBC Capital Markets

Moody’s has released figures reflecting just how poorly leveraged finance in Europe fared in February, with loan issuance falling 70% from January's high.

Caisse d'Amortissement de la Dette Sociale found strong demand at the five year part of the dollar curve on Tuesday, as L-Bank delayed a deal in the same currency and tenor.

Two UK funds have acquired a stake in one of the largest onshore wind farms in the country, Clyde Wind Farm. There is a healthy pipeline of utilities M&A according to one investor, which would be a boost for infrastructure loans.

L-Bank is set to print a five year dollar benchmark as investors eagerly await the outcome of this week’s Federal Open Market Committee (FOMC) meeting.

Bank Nederlandse Gemeenten brought a 10 year dollar benchmark this week that sparked much debate about whether other issuers would be able to follow in the tenor. Although with a flurry of other trades this week, it is clear that other options are available once next week’s US Federal Reserve meeting is held.

European equity capital market bankers took stock of a month-long rally this week, as they said they were finally ready to brave the markets and launch the many deals they had held back due to heightened volatility. But, they cautioned, the surge in IPO issuance would have to wait till after Easter.

Toronto-Dominion Bank (TD) and National Australia Bank (NAB) raised more than €3bn this week in the US dollar denominated covered bond market, nearly doubling supply seen so far this year.

There was a double breakthrough in dollars for public sector borrowers on Tuesday, as Bank Nederlandse Gemeenten reopened the 10 year part of the curve for core issuers for the first time in seven months and Sweden priced the tightest three year benchmark since the first week of the year.

Metro Bank, the UK challenger bank, started trading on the London Stock Exchange on Monday morning, having raised £400m privately rather than from a public offering of shares.

A pair of SSAs are set to print in the Australian dollar market this week, as bankers report strong Asian appetite for public sector Kangaroo bonds.

Scotland Gas Networks came to the sterling bond market on Monday with a £250m 11 year offering that was nearly twice subscribed.

Royal Bank of Canada reported a C$24m year-on-year decrease in profits from its capital markets division on Wednesday, as debt origination declined and the bank increased provisions against its oil and gas exposure.