RBC Capital Markets

Clydesdale and Yorkshire Bank Group, the UK mid-sized bank being spun off by National Australia Bank, has set the price range for its London IPO at a level that it hopes will prove compelling to investors in spite of market volatility.

FMS Wertmanagement has added £150m to a two year benchmark due to mature in April 2018.

CMC Markets, the financial spread betting firm founded by Peter Cruddas, has announced its long-expected intention to float in London.

Yankee banks took advantage of an improved market backdrop and US earnings blackout to jump into the dollar market this week.

CYBG, the UK mid-sized bank owned by National Australia Bank, will start building the book for its initial public offering in London next week.

This year’s first high profile IPO in Europe began today, when CMC Markets, the financial spread betting firm founded by Peter Cruddas, announced its long-expected intention to float in London.

Nestlé brought a £100m tap to market on Tuesday, seizing the chance for an opportunistic trade that enlarged a bond issued in December.

Investors barely charged Mediobanca and Royal Bank of Canada on Tuesday for printing new five year senior bonds.

Both KfW and the Council of Europe hit the books in sterling-denominated deals that raised £300m apiece.

Philippe Dischamps has joined Royal Bank of Canada as a managing director, seven months after leaving HSBC.

Supranational and agency borrowers have long anticipated a wave of demand from American investors as US government sponsored enterprise issuance dwindles. But this week there were concrete signs that the dollar bond market has shaken off the problems that prevented the big switch. Craig McGlashan reports.

Lloyds issued the first sterling covered bond of the year and was quickly followed by two overseas issuers who priced deals at successively wider levels.