Santander

The Basque Government this week gave one of the best signs that investor worries about Italy’s political situation are unlikely to spill over to other countries as it printed a three times subscribed debut sustainability bond.

On the anniversary of the resolution of Banco Popular, GlobalCapital takes a look at the issues raised by this important first test of the EU's Bank Recovery and Resolution Directive (BRRD).

The Basque Government’s return to bond markets on Tuesday after a more than two year absence suggested that investors are not duly concerned about Spain being caught up in volatility last week, with orders ploughing into the debut sustainable bond issue.

Scottish Mortgage Investment Trust has raised £170m in long-dated US private placement notes.

Carrefour, the French supermarkets group, sold Europe's second corporate bond deal of the week on Tuesday, as the market slowly recovered from the volatility of the previous week. There still remained some nervousness around market conditions, however, so Carrefour had to ensure it offered investors a healthy premium.

The Basque Government will bring the first real test of investor appetite for Spanish public sector risk since a wave of Italy-led volatility hit the eurozone periphery last week, as it opened proceedings on an inaugural sustainable bond — its first issue of any kind in over two years.

Spanish banks have become embroiled in a bond sell-off this week amid a looming political crisis in Italy. But investors have yet to change their minds about the country’s financial institutions, which have been in hot demand for over of a year.

Italy’s Assicurazioni Generali has added sustainable features to its refinanced revolving credit line, as Italy’s largest insurance firm joins the growing number of borrowers pursuing green loan funding.

Shares in Capita, the UK outsourcing company, rose 3.2% on Friday after it concluded its £702m rights issue, intended to put the company on a sound financial footing after a series of profit warnings over the past year.

After the Whit Monday holiday in Europe, Deutsche Telekom boldly re-opened the corporate bond market. Having seen compatriot Bertelsmann pull a deal on Thursday, Europe’s largest telecoms provider showed no fear when it sold a four-tranche offering.

Banks have called for more regulation to create a global protocol to address cyber security attacks.

GlobalCapital announced the winners of its Bond Awards 2018 on Wednesday night at our 11th annual Bond Awards dinner, at the Jumeirah Carlton Tower in London. Some 280 people were there to see the brightest and best performers in the international bond markets in the past year crowned.