UK

Affordable Housing has mandated three banks to arrange a tap of sterling notes that may come to market as early as Thursday.

The Gilt market on Tuesday once again highlighted its immunity to concerns around the UK's vote to leave the EU, as the Debt Management Office conducted a trademark smooth execution with a tap of its 0.125% November 2065 inflation-linked bond.

Heathrow Airport came out of its earnings blackout to issue a benchmark 33 year sterling bond from its secured funding programme on Tuesday, clinching a minimal new issue premium.

Vodafone paid its second trip to the European corporate bond market in a year on Tuesday, issuing a €1bn 15 year deal and entertaining the possibility of a 30 year trade.

Hansteen, the UK-headquartered real estate investment trust (REIT), has agreed a new £330m credit facility with three banks, including one new lender.

During the first half of the year, Man Group extended the maturity date of its core $1bn revolving credit facility by one year.

The Treasury Select Committee’s judgement that the supervisory and enforcement roles of the UK’s Financial Conduct Authority should be split is flawed. The FCA doesn’t need to be balkanised, it needs to be given more resources to do its job.

Franchise Brands, the UK franchising group that provides oven cleaning and car paint repair services, has announced plans to raise up to £3.5m through a listing on London’s Aim in the third quarter of 2016.

Clydesdale Bank reopened the UK RMBS market with the first deal following the UK referendum and paid double the spread of its previous deal. GE Money Bank in France is expected to finalise its RMBS on Friday.

In the immediate aftermath of the Brexit vote, London’s loss of its status as leading RMB hub in Europe seemed highly likely, a turn of events that left China and the UK to figure out how to move forward from the “golden era” they had on just ushered in. But a more nuanced picture is now starting to emerge.

The chief executive of ICAP’s EBS BrokerTec has stepped down from his post, and is set to leave “in due course,” according to the company.

US banks coming out of earnings blackouts provided all the fare in FIG this week, and deals flew to investors who have seen almost no paper since mid-June.