UK

Sky, the UK satellite and cable broadcasting group, brought a 10 year euro benchmark bond on Monday, pushing out for a longer maturity after a week when many issuers stayed with intermediate tenors.

The Ranger went on the hunt for meditating bankers and found that each in the market has their own definition of inner peace.

HTN Towers, the Nigerian telecoms tower operator, postponed its London initial public offering indefinitely on Friday, having struggled to get enough demand from investors. McCarthy & Stone did, however, successfully complete its listing.

The UK Debt Management Office has announced the tenor of its final syndication of the 2015 financial year.

The IPO of Softcat, the UK IT infrastructure and services provider, is “oversubscribed and in good shape”, according to a banker on the deal. The London flotation was widely tipped to value the firm at £500m.

McCarthy & Stone, the UK’s leading builder of retirement homes for sale, closed the book for its London IPO at 1pm on Thursday, saying orders below 180p a share were expected to miss.

With European credit markets having stabilised and many participants believing that the worst of the year is over, there has been an increase in index options selling this week, said traders.

Six borrowers raised nearly €5bn in the covered bond market this week, once again surpassing supply expectations. The star attraction, notable for both its size and tenor, was a €1.5bn three year from the Norwegian issuer, Sparebank 1 Boligkreditt.

Royal London Mutual Insurance Society looked to the sterling market for a £350m 13 year subordinated bond, following meetings with investors earlier this week.

TSB's UK prime RMBS programme made a solid start on Wednesday afternoon, as the bank placed a debut £537m-equivalent deal in sterling and euros. The issuer retained over two thirds of the sterling tranche despite offering a decent spread pick-up, but the euro tranche priced strongly.

Law firm Morrison & Foerster has hired an equity derivatives specialist as a partner at its London office.

Perform Group, the UK digital sports media company, announced its intention on Wednesday to hit the high yield market with its first bond: £200m of secured notes to fund new content.