Spain

CaixaBank has sold its entire stake in Austria's Erste Group

New borrower is the lowest rated IG name of the week to bring a trade

Spain achieves highest subscription level for a debut syndicated green bond by a European sovereign

Adamo, a broadband company, has agreed a €600m sustainability-linked loan, it said on Wednesday. The cash will be used for refinancing and to fund the expansion of its fibre network into rural Spain.

Spain published its green bond framework on Wednesday, with its highly anticipated debut bond in the format set to be issued after the summer.

Crédit Agricole has hired the former head of Santander's global banking and corporate finance business, Georg Orssich, in a regional management position.

Metropolitano de Tenerife, the public transport company that operates the Tenerife tram system, made its bond market debut on Tuesday, raising €130m with a 15 year green bond.

Citi has named the leadership for its banking, capital markets and advisory business in Iberia. Meanwhile, it has also announced who is taking on Abraham Douek's responsibilities in DCM after he quit to join Santander.

Eight years after publishing its first consultation paper the Spanish Treasury has set out its hotly anticipated draft covered bond law which market participants greeted enthusiastically, largely because it comprehensively addresses all the main features of the EU’s Covered Bond Directive. However, it contained a number of surprising and potentially contentious proposals.

Acciona Energia, the Spanish renewable energy company, is due to price its IPO at €26.73 a share, the bottom of the initial range, having closed order books on Tuesday afternoon, according to sources close to the transaction.

Trading levels given are bid-side spreads versus mid-swaps and/or an underlying benchmark and bid-yields from the close of busiess on Monday, June 28. The source for secondary trading levels is ICE Data Services

Aldesa Group, a Spanish construction and engineering firm acquired by state-owned China Railway Construction Corp last year, is tapping the Asian loan market for a €150m deal.