UK

European banks made the most of an improving tone in the euro market this week, piling on top of one another to access funding in a small but supportive window.

Portuguese insurance company Fidelidade is looking to sell a tier two bond this week, three years after first exploring the idea of issuing a subordinated debt instrument.

Southway Housing, a housing association which owns and manages 6,000 properties in and around Manchester, is marketing private placements in a debut deal, according to market sources.

A wave of mergers and acquisitions is on the way, driven by the rise in awareness of climate change, bankers believe. But there will be no easy options for companies trying to reshape their businesses for the low carbon transition, and the process will create winners and losers.

The UK issued a £4bn index-linked Gilt maturing in 2039 on Tuesday, experiencing hot demand as investors flocked to secure protection from the threat of inflation.

Mizuho's new head of linear rates trading, Jason Cohen, has made three hires as he looks to build a franchise for the Japanese bank in EMEA.

BT has appointed Andrew Binnie, a former member of Vodafone’s treasury team, as its new group treasury director. BT's previous treasury manager left in September and faces a murder charge.

Helaba came close to fair value with the pricing for its green and non-preferred senior debut on Wednesday, maintaining a solid order book despite competing supply in euros.

Deutsche Bank is shifting about 100 banking jobs in its corporate banking division out of the UK to locations in Europe and Asia as part of a restructuring.

UBS Group made a swift return to the dollar bond market on Tuesday, as it went in search of an additional tier one transaction a day after raising $3bn of senior unsecured debt.

Shipping group Seaspan has issued $500m of sustainability-linked private placement debt, in the largest ESG-linked transaction to hit the market so far.

The UK is set to come to market this week with a syndication of an index-linked bond — its first of the financial year.