UK

Capita, the business process services company, has entered into a £450m bridging facility with two banks.

Investec is looking for two syndicated loans totalling $530m, one for its South African business and the other for its London arm, according to bankers on the deal.

Garfunkelux, the German debt collection company, on Thursday issued £795m of notes, in the first sizable European high yield issue for three weeks. Market participants are now eager to see how the deal will trade in the secondary market.

Plans to ring-fence major UK banks’ retail activities away from their investment banking activities could increase funding costs for the banks that fall under the Prudential Regulatory Authority’s proposed regime.

The UK Debt Management Office has named banks for its latest 50 year syndicated bond.

Equiniti Group announced on Wednesday the price range of its initial public offering on London’s main market, which would give it a market capitalisation of £495m to £600m.

Santander and BBVA both looked to the dollar market to secure senior funding on Tuesday amid a bare session for European FIG issuance.

UK gambling company Gala Coral has said it intends to redeem its high yield bonds by the time its merger with peer firm Ladbrokes is completed, which is expected to happen in the first half of next year.

Agricultural Bank of China (ABC) priced a landmark transaction this week, raising approximately $1bn from a dual-currency, triple-tranche bond. Not only was this China’s first financial green bond, but ABC was also the second bank from the country to sell notes in London in as many days, setting the stage for president Xi Jingping’s visit to the UK next week. Rev Hui reports.

Worldpay, the UK payment processing company, floated for £2.16bn on Tuesday, in the largest initial public offering in London since Glencore’s in 2011, and the fifth largest in Europe since the financial crisis.

Reports that Barclays is preparing to appoint former senior JP Morgan investment banker James "Jes" Staley to the post of CEO should be welcomed by the bank's creditors.

BNP Paribas has hired a senior member of staff for its emerging markets business.