Spain

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.

Caja Rural Navarra has mandated leads to roadshow an environmental and social governance (ESG) Cédulas Hipotecarias with an intermediate maturity.

French private care home operator DomusVi on Monday joined a busy high yield pipeline with a new floater and an add-on to its debut bond to fund its second acquisition in Spain.

Banco Santander’s largest markets slapped the bank’s results for the last three quarters, with new and old troubles ranging from the recent UK’s referendum to Spain’s property bubble.

Spain’s real estate investment trust Merlin Properties on Tuesday sold its second issue in a market where most eyes turned to Danone’s €6.2bn jumbo deal.