UK

National Grid Gas followed its £3bn Tuesday visit to the sterling market with a €750m eight year bond that completes its primary bond market financing ahead of its 2017 sale.

A UK committee has launched an inquiry into Solvency II this week, as it considers other options for the country’s insurance industry following the decision to leave the EU.

Pure Gym, the UK’s largest gym operator, is proceeding with its £190m IPO on the London Stock Exchange to finance its expansion plans and substantially reduce debt.

National Grid Gas printed a £3bn ($3.97bn) jumbo transaction that exceeded even its own expectations this week as sterling investors demonstrated a phenomenal capacity to absorb corporate paper.

European Union wheat futures contracts began trading this week on the Chicago Mercantile Exchange, with as much as 20,000 metric tons worth of contracts having been transacted on Monday according to the firm.

When the Bank of England published the list of bonds it could buy under its new corporate bond purchasing scheme, set to run from the beginning of October, it only underlined how poorly suited the sterling corporate capital market is for extraordinary monetary policy.

HSBC has named Jackson Tai, the former Asia Pacific chairman of JP Morgan and chief executive officer of DBS, as an independent non-executive director of its board.

Icap has promoted a senior official to run its EBS BrokerTec fixed income electronic trading division.

The European corporate bond market stalled on Monday as autumn supply widened in sympathy with volatile government bond markets.

The last round of IMF lending to developed market countries (before the European sovereign crisis) was 40 years ago this autumn — when Britain was locked out of the capital markets and had to go ‘cap in hand’ to the Fund.

Stoxx has licensed its newly created iStoxx FactSet Thematic Indices to BlackRock’s iShares to provide the underlying for four exchange traded funds.

Nemat 'Minouche' Shafik, deputy governor of the Bank of England for markets and banking, and the architect of the Fair and Effective Markets Review, is leaving the Bank to become the director of the London School of Economics.