UK

Royal Bank of Scotland has put Anne Gebuhrer and Tim Skeet, both managing directors in FIG DCM, at risk of redundancy, adding their names to a list of FIG and corporate bankers the UK bank has recently let go.

Westpac

David Lloyd Leisure, the TDR Capital owned UK gym and spa firm, is widening pricing on its £380m debt offering after prospective lenders missed the Tuesday commitments deadline.

Drax Group, which operates the UK's largest power station, has refinanced its £400m revolving credit facility, making "minor changes" to its lending group, and cutting 50bp from the margin.

Lloyds Bank's shares rose 1.5% on Thursday after the Court of Appeal ruled a series of high coupon enhanced capital notes sold to retail investors in 2009 had become useless for future UK stress tests and could be called at par.

Royal Bank of Scotland has put Anne Gebuhrer, another managing director in its FIG DCM team, at risk of redundancy.

Royal Bank of Scotland has placed its head of covered bond origination at risk of redundancy.

Tim Skeet, head of covered bond origination, has been put at risk of redundancy at Royal Bank of Scotland.

UK construction company Balfour Beatty has nearly halved the size of its revolving credit facility in a £400m refinancing deal.

UK banks will have to provide the Bank of England’s supervisory arm with two versions of their quarterly leverage ratios, though the regulator has extended the start date for publicly reporting the ratios by one year.

Santander UK has beaten a path that could be well trodden by European banks in the next two years, printing a holdco senior unsecured deal in the Tokyo Pro-Bond market as it looks to broaden its investor base for issuing loss absorbing debt.

CYBG may be an ugly name, but it is going to become a familiar one. The Clydesdale and Yorkshire Bank Group will price its IPO on February 2 next year, and begin trading on the London Stock Exchange the same day.