UK

King’s College university has sold US private placements, according to market sources, in the first widely marketed UK university deal seen in the market for 12 months.

Trustpilot, the Danish online review site, has rocketed in trading on its first day as a public company on the London Stock Exchange. Sources close to the trade were patting themselves on the back on Tuesday as they observed the day one performance and reflected on the calibre of the book.

The EU's Single Resolution Board has this week broadened the scope of English law bonds that will count towards the minimum requirements for own funds and eligible liabilities (MREL), even if their contracts do not recognise EU bail-in powers. The changes prompted Belfius to cancel a consent solicitation for one of its tier twos, which would have been disqualified under the previous grandfathering arrangements.

Property developers R&F Group and CC Land Holdings are jointly looking for a dual currency loan of £476.7m ($653.5m)-equivalent to develop a project in London.

Investors put orders in quickly on the first day of bookbuilding for UK food delivery unicorn Deliveroo. The books were covered throughout the initial price range on Monday, the day it opened books for its London flotation.

The Euro private placement market has managed something other private debt markets, including US PP, have struggled with: to integrate sustainability into its core.

Trustpilot, the online review site listing in London, has grown the size of its IPO to meet strong demand for the offering and to give deal-hungry investors a better chance of getting some shares in the listing.

Supermarket Income Reit, the London-listed real estate investment trust focused on properties let to supermarkets, is gearing up for another buying spree of new assets, having raised £153m of equity from investors.

The UK Debt Management Office on Monday chose the banks to lead the sale of its second sukuk via syndication. Like the sovereign’s debut sukuk in 2014, none of the UK’s Islamic banks are included on the mandate.

Vaccine optimism and the end of Brexit has meant that the UK has enjoyed its best ever start to a year in the equity capital markets.

Canadian media conglomerate Thomson Reuters has sold £745m of shares in London Stock Exchange Group (LSEG) to settle tax liabilities arising from the UK exchange operator’s acquisition of Refinitiv, the former Thomson Reuters finance and risk business.

The SSA market on Thursday was digesting the result of the previous night’s Federal Reserve meeting. Fed chair Jerome Powell took a dovish stance in spite of high economic growth, and some market participants believe that the strengthening inflation outlook could hurt demand for bonds at the long end of the curve.