UK

A solitary capital increase from Monday was the stand-out trade of a meagre bunch in equity capital markets this week, with the IPO market on pause until September.

A London daily silver futures contract will trade on the Intercontinental Exchange Futures US platform from September 5.

Bridgepoint is close to a deal for UK housebuilder Miller Homes from Blackstone, for around five times its projected Ebitda for 2017.

Anglian Water, priced a £250m eight year green bond on Monday. The size and tenor are unremarkable, and in a generation of sustainability and responsibility, a green bond should cause similarly few ripples. However, this was the first sterling-denominated green bond issued by a corporate borrower since 2015.

Westpac this week followed Canadian Imperial Bank of Commerce in taking advantage of a glut of sterling covered bond liquidity. It issued a sizeable five year sterling covered bond which is expected to provide cheaper funding than the euro or dollar equivalent, boding well for additional supply.

China Resources Land plans to issue its first mortgage or management fee-backed securities by the end of 2017, chief financial officer James Yu has told GlobalCapital Asia's sister publication GlobalRMB.

United Biscuits, the maker of McVitie’s biscuits and Jacob's crackers, is to sign a £725m syndicated loan facility in the coming weeks to refinance a loan taken out in 2015 to fund its acquisition by Turkey’s Yıldız Holding.

Anglian Water priced a £250m eight year bond on Monday, its first green bond and the first from a UK water company since the Green Bond Principles were introduced in 2015.

Strix Group, the UK maker of kettle safety components, has successfully concluded its £190m IPO on London’s Alternative Investment Market.

Gates Global delisted its 5.75% 2022 bonds from the Luxembourg Stock Exchange this month, and relisted them immediately on the former Channel Islands Stock Exchange, now rebranded The International Stock Exchange (TISE). The move was likely a response to Europe’s Market Abuse Regulation, which has driven some high yield issuers to the non-EU exchange.

Equity investors' keen appetite for UK challenger bank stocks was evident this week when Metro Bank was able to raise £278m of fresh capital at no discount to its share price. But investors hoping for more liquidity events are likely to have to wait for secondary sales, writes Aidan Gregory.

Forecasts that Europe’s corporate bond market would be all but closed for the summer this week were belied by Unilever on Monday when it launched its biggest-ever euro bond and took some of the tightest corporate pricing ever.