UK

British American Tobacco has offered the sterling market its second long dated bond in as many days, a £350m 40 year tranche as part of a €1.1bn offering.

GlobalCapital has closed the poll to decide the winners of its 13th Syndicated Loan, Leveraged Finance and Private Placement Awards 2016.

Last week we highlighted the positive performance of the mining sector with the Euromoney Global Mining Index returning +8.55% in October. Certainly not a bad start to the fourth quarter. Platinum producer Lonmin, who has been in the Euromoney Global Mining Index since 1985, topped the companies’ performance league table. That could be a bit misleading.

UK building materials producer Breedon is eyeing a move to main market of the London Stock Exchange after its £336m acquisition of competitor Hope Construction Materials.

Lonmin's $407m rescue rights issue passed its first hurdle on Thursday (November 19), when shareholders voted strongly to approve the deal. Lonmin's shares fell 2.6%, but that was mild by recent standards.

Deutsche Bank has hired the ex-head of European capital markets at Standard Chartered for a role managing conduct and controls.

BGC Partners has appointed a new senior managing director and general manager for its London brokerage.

British American Tobacco has offered the sterling market its second long dated bond in as many days, a £350m 40 year tranche as part of a €1.1bn offering.

Santander UK was set to take home €1bn of five year operating co senior debt after a swift execution on Wednesday, with its slim new issue premium boding well for borrowers looking to grab funding before year end.

Royal Bank of Scotland has told bondholders it will buy back any and all of seven notes across sterling, dollars and euros, as the UK bank continues to retreat from certain businesses.

Teva Pharmaceutical Industries “just scraped home” with very tight pricing on the $33.75bn loan it signed on Monday. Only around half the banks invited participated because margins were so tight, said a banker close to the deal.

As the world's largest consumer of commodities, China is trying hard to make the RMB a bigger player in those markets. But while the long term strategy makes plenty of sense, its short term implementation faces a number of headwinds, despite the Hong Kong Exchange Group’s (HKEx) best intentions.