UK

Solihull-headquartered infrastructure product manufacturer Hill & Smith has refinanced its £210m revolving credit facility, extending the maturity by two years.

After recently issuing its debut RMBS, TSB Bank, the UK bank that was spun off from Lloyds, has filed vehicles suggesting it will turn to covered bonds.

Motorpoint, the UK car supermarket group, enjoyed two days of strong share price gains after completing its £100m ($146.17m) London IPO on Friday, and has since settled at that level.

English rugby club Harlequins on Monday gave investors two more weeks to buy into its new minibond issue, an unlisted, non-tradable note.

Betting house William Hill this week was alone in the European high yield market for a potential issue of £300m of unsecured notes, with the UK’s European Union membership referendum an unhelpful backdrop.

The UK Debt Management Office has picked the banks that will run its next syndication, scheduled for the week beginning May 23.

Mizuho has appointed a new associate director of EMEA loan sales in its London office.

A growing market shift among institutional investors towards short-dated volatility plays has led the London Stock Exchange (LSE) to start offering weekly options on UK stocks for the first time while other exchanges are moving closer towards allowing intraday strategies.

United Arab Bank — Isbank — LSL Property — Nokian

Bank of England governor Mark Carney’s latest warnings on Brexit may have dominated market attention this week, but the Bank also put major central clearing houses in its crosshairs with a call for global stress testing to stop them becoming ‘too big to fail’.

Unite, the UK’s operator of student accommodation sites, on Thursday tapped for £310m its old 2030 bond as healthy occupancy rates assured investor support.

TSB Bank is planning to hit the market with its second UK prime RMBS deal, following its first quarter results which showed strong growth in its mortgage lending.