UK

The London Stock Exchange Group and Deutsche Boerse are in talks over a potential merger, the boards of both groups said in a joint statement on Tuesday.

Heathrow has extended the maturity of its £1.4bn revolving credit facility, signed November 2014.

Mark Bamford, head of global fixed income syndicate, is leaving the firm, and several promotions have been made to fill the gap. Fixed income syndicate has also been transferred out of fixed income and given its own risk reporting.

Bank of England governor, Mark Carney on Tuesday told UK members of parliament the contingent bank capital market worked exactly as it should when bonds and shares suffered a sharp sell-off earlier this month.

DagangHalal, the halal verification business, expressed on Monday its intention to float on London’s junior stock market.

Options market participants have demanded higher premiums to bear exposure to volatility in the British pound after talks in Brussels failed to produce a decisive deal to help UK prime minister David Cameron win the upcoming referendum.

A plunge in sterling’s value on Monday after the UK government picked a date for the country’s European Union membership is unlikely to stop SSAs adding to a record breaking year in the currency so far, said bankers.

National Australia Bank found itself taking on the might of London mayor Boris Johnson alone on Monday morning, launching a short sterling senior deal as other borrowers shied away from a nervous FIG market.

Vodafone wasted no time catching its breath after closing books on Thursday's £2.9bn convertible bond, as it announced on Friday its intention to raise up to €3bn of conventional bonds as early as Monday.

The extraordinary versatility of convertible bonds — but also the market’s unpredictability — were highlighted on Thursday when Vodafone launched an unprecedented £2.88bn bond designed to achieve the near impossible: debt-like funding that counts as equity but is not dilutive to shareholders, writes Jon Hay.

JP Morgan and Morgan Stanley, bookrunners of Vodafone’s unprecedented £2.88bn mandatory convertible bond, have just gone out with a message saying the book for the deal is covered. The book will close at 7.45pm London time.

Thames Water priced a £300m senior secured no-grow bond on Thursday, clinching the deal after two weeks of volatility in its outstanding bonds.