UK

Lloyds Banking Group entered the Swiss franc bond market on Thursday after a seven year absence.

Global investor confidence in UK equities has tumbled so far in August, according to the latest fund manager survey from Bank of America Merrill Lynch, marking the largest monthly drop in sentiment towards the UK since the Brexit referendum.

Markets don’t like governments engaging in unnecessary economic self-harm, and after numerous warnings and cautions on its unsustainable economic policies, investors are now abandoning Turkey —Brexit Britain should beware.

Gianluca Spinetti, an associate director working in FIG and corporate DCM origination, has left HSBC.

A Credit Suisse DCM managing director has quit the bank to join Deloitte.

Sterling high yield issuers have printed less than half the volume of bonds they sold during the same period last year, which many attribute to the uncertainties surrounding the UK’s exit from the European Union. But appetite for sterling risk appears resilient for now.

The nominations for GlobalCapital's Sustainable and Responsible Capital Markets Awards 2018 have been revealed, as a result of our worldwide market poll, conducted in July.

Sports Direct announced it has bought House of Fraser on Friday, but the retailer had already entered into administration just hours earlier, meaning investors will be unable to trigger what would have been a lucrative change of control covenant in the firm’s bonds.

Bank of America Merrill Lynch has made sweeping changes to its European equity capital markets franchise and has hired Credit Suisse’s Jerome Renard for a new position of head of EU ECM.

Barclays and BNP Paribas both waited until August to seal additional tier one trades that investors had been expecting for the best part of 2018, pulling off their deals ahead of what could be a busier and trickier finish to the year.

Several large African companies are seriously exploring going public, with many likely to dual list domestically and in London, a boon for the city as Brexit clouds hover.

The second deal in two days from a Volkswagen entity was never expected to hit the heights of the triple-tranche euro deal the day before. However, Thursday’s sterling trade still received a very strong response from investors.