United States

Hewlett-Packard ensured a memorable end to the third quarter as it printed one of the biggest deals of the year but paid a hefty new issue concession as it re-opened the dollar market after a tumultuous start to the week.

Santander fell victim to market spasms this week, pulling a dollar trade amid extreme volatility.

After a doom-laden selloff on Monday, a modest rebound for US large-cap equities failed to calm volatility levels.

Regulation of leveraged finance in the US remains one of the main topics of conversation, as well as a mixed blessing, for the European market, delegates at the 9th annual Leveraged Finance Conference in London were told on Monday.

The recent, sudden swoon by widely referenced credit default swap names Glencore and Volkswagen has regalvanised market participant’s call for measures that will improve single name liquidity.

Santander’s dollar senior holdco deal became the latest casualty of investors' growing risk aversion this week, and pressure is growing on those still looking to issue debt by the end of the year.

A modest rebound for US large-cap equities in early trading on Tuesday failed to calm volatility levels.

Just south of the city of Växjö in southern Sweden is a new residential neighbourhood called Solallén. It’s a cluster of 21 black and yellow townhouses that, aesthetically pleasing as they are with their high ceilings and bike parking and gardens, would be unremarkable were it not for the fact that they constitute the first net zero energy residential neighbourhood in Sweden.

US automotive components supplier BorgWarner is looking to issue its first notes in euros, and could be followed by others as the European market leaves behind memories of the Greek crisis, say bankers.

Hopes of concerted action to tackle climate change have been dashed before, but many are daring to be confident about the Paris summit this December. Jon Hay reports.

The expected deluge of high-grade issuance stumbled after a strong start as volatile market conditions sent issuers scampering to the sidelines.

Mondelez followed up its Swiss franc debut in March with a second successful outing this week, taking the total raised in the currency this year to Sfr1.075bn.