UK

Interoute Communications, Europe’s largest operator of cloud services, began offering €590m of bonds on Monday to fund its recent takeover of peer Easynet from the UK’s MDNX Group.

Park Resorts, the UK’s largest holiday park operator, will syndicate a £550m term loan B after bank meetings in London on Wednesday this week.

British member club operator Soho House on Friday began roadshowing its £200m bond, offering the market its first Caa1 credit since July.

Worldpay, the UK payment processing group, expressed its intention to float last Friday, bolstering hopes among equity capital market specialists that it would bring one of the largest IPOs in London this year, despite recent reports of takeover bids.

London will continue to be the largest western RMB hub thank to the city’s sophisticated financial services and the close relationships between the UK and China, argued Alderman Alan Yarrow, the Lord of Mayor of the City on London on September 18 in Hong Kong.

In this round-up, Argentina gets clearing bank, Lord Mayor of London pays a visit, CLSA gives its verdict on One Belt, One Road and HKMA chief calms fears over the renminbi.

ING has hired an experienced salesperson to help coordinate the development of its high yield business in London.

Buy and sell side credit traders expressed disappointment on Thursday, after the US Federal Reserve elected to keep interest rates on hold.

Intercontinental Exchange has appointed former UK Conservative Party leader William Hague as chairman of ICE Futures Europe, a multi-asset derivatives exchange.

Pentair, the UK-headquartered maker of fluid and thermal systems, priced a €500m bond in line with initial price thoughts on Monday, after deciding to plough ahead with its funding plans despite a difficult market.

Advisory firm Perella Weinberg Partners has hired a new managing director specialising in consumer finance.

Hastings Group Holdings, the UK car insurance company, announced on Tuesday its plan to float on the London Stock Exchange, issuing about £180m of new shares. The deal will also include a secondary component.