UK

Barclays PLC secured strong demand and tight pricing for its €1.25bn 10 year non-call five tier two notes on Wednesday, leaving market participants optimistic about bank capital supply.

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

The acting head of the Financial Conduct Authority said on Tuesday that the FCA would set up a UK Debt Market Forum.

China’s decision to reform its parity mechanism has ushered in a new phase of volatility for both the onshore RMB (CNY) and its offshore counterpart (CNH). Beijing has said markets should welcome the volatility as a signal of its reduced influence on the currency. For market watchers, external forces will be equally crucial to its success.

Cabot Credit Management, the UK debt purchasing firm, on Wednesday raised €310m of secured notes to support its buyout of peer company Hillesden Securities from Faccenda Investments.

The head of corporate syndicated lending for EMEA and Asia at BBVA retired from the bank on Friday.

Initial price thoughts have been indicated for TSB’s first UK prime RMBS deal, with the transaction offering a pick up on both the euro and sterling tranches for investors, compared to more established issuers.

Yorkshire Building Society offered a chunky premium for its €500m of seven year covered bond on Tuesday. With only a modest oversubscription, it was not able to tighten pricing.

Standard Chartered moved to shore up its capital ratios on Tuesday, as it launched a long-expected rights issue, totalling £3.3bn ($5.1bn). Bank of America Merrill Lynch and JP Morgan have fully underwritten the deal.

The former chief executive officer of clearing house LCH.Clearnet has become CEO of a risk solutions firm as it launches a platform for margining bilateral non-cleared, over-the-counter derivatives trades

BNP Paribas’ former co-head of fixed income has resurfaced at New York headquartered M&A advisory shop Foros as a senior advisor.

FCE Bank, the UK-based European financing arm of Ford, picked its timing to perfection for its fourth bond issue of the year, on Monday.