Spain

Volume figures released by major derivative exchanges for November show a marked rise over October's numbers, with some exchanges reporting record volume days in the aftermath of the US election.

Santander has hired Andrew Clayton to lead its UK leveraged finance division and grow its business in the mid-size corporate market.

The busy equity block trade action, widely predicted by ECM bankers when the US presidential election produced a bounce in share prices, has continued this week with a string of sales totalling over $1.5bn.

Mercado Español de Futuros Financieros, the Spanish futures exchange, is to start trading derivatives on wind energy.

Shareholders of Abengoa on Tuesday endorsed a landmark debt restructuring for the renewable energy company — and averted the largest corporate bankruptcy in Spain’s modern history.

Shares in Banco Sabadell, the Spanish banking group, fell 6% on Tuesday morning after Colombian billionaire Jaime Gilinski sold part of his stake for €202m through an accelerated bookbuild led by Deutsche Bank.

Spanish construction firm Obrascón Huarte Lain failed to calm investors' anxiety on Thursday, after the company suffered its third Moody’s rating downgrade since March.

Caja Rural Navarra pushed ahead with its seven year Cédulas Hipotecarias backed by environmental and social governance assets on Wednesday, even though it knew the market was likely to be unreceptive.

BBVA struggled to sell its €1bn Cédulas Hipotecarias issue on Monday because the maturity was too long and because of further rates volatility.

The European Stability Mechanism has reduced its funding needs after accepting a €1bn early loan repayment from Spain.

Caja Rural Navarra is planning the first green covered bond of the year. It follows a trio of covered bonds issued by Australian banks and the first transaction to be issued from Nordea in more than a year.

Acciona, the Spanish infrastructure and renewable energy firm, has allocated its first Schuldschein, growing the deal by €50m and securing about the same pricing as (if not lower than) its latest syndicated loan.