UK

TSB successfully placed its tier two notes with new investors in the secondary market this week, in a deal that seemed to confirm confidence in both UK banks and the sterling market.

David Leeming, head of hybrid capital and liability management at RBS, has left the bank.

UK housing association group Orbit Group nipped in ahead of the corporate bond market’s summer break to issue the retained £50m portion of a 30 year secured bond.

Anyone who thinks that a merger between LSE and Deutsche Börse is odds-on now they have shareholder approval should hold that thought — there is still a very long way to go, with many twists and turns ahead.

Orbit Group is holding investor update calls ahead of a planned issuance of £50m of bonds that it had retained from a March deal.

GlobalCapital is pleased to announce the preliminary shortlist of nominees for its Global Derivatives Awards 2016. Nominations are based upon market feedback and research conducted in recent months. Winners will be unveiled at a gala dinner in London in September.

Advent International this week sold a second chunk of its stake in Equiniti Group, the British payments firm, after the company posted positive half year earnings on Friday.

Santander brought UK bank debt back in front of dollar market investors on Monday, and bankers are confident more FIG borrowers will capitalise on strong demand to beat the rush in September.

The Employees Provident Fund (EPF) of Malaysia is making a rapid return to the loan market, mandating two lenders for a £240m ($317m) new money trade.

Mizuho Financial Group is to establish a consolidated vanilla derivatives platform in London by combining Mizuho Capital Markets, a derivatives business, with Mizuho International, its securities and investment banking arm.

Just one week after it issued a €1bn 15 year bond in the euro market, Vodafone swooped for sterling on Monday issuing an £800m 33 year bond.

Johnson Control’s automotive business, Adient, on Monday began a roadshow for $2bn-equivalent of high yield notes, with a 17 strong group of bookrunners.