Lloyds Bank

Four banks will underwrite the $1.25bn loan for UK investment firm Melrose's acquisition of Nortek of the US. It is the largest acquisition announced by a UK company since the country voted to leave the EU on June 23.

Lloyds reopened the dollar market for European borrowers for the first time since the UK’s vote to leave the European Union last week, surprising market participants who thought the country’s banks would need longer to recover from 'Brexit'.

British American Tobacco and Brown Forman gave the sterling corporate bond market a much needed boost on Thursday as both brought benchmark transactions to enthusiastic investors.

European bank debt was thrashed in the wake of the UK's vote to leave the European Union on Friday morning. And though the panic hasn't matched that seen in February, when concerns on AT1 coupon payments triggered a selloff, the worst may be yet to come as markets face unprecedented governmental change.

Lloyds Bank won a long-fought battle with investors on Thursday, after the UK Supreme Court ruled a series of the bank’s high coupon enhanced capital notes would not count as stress test capital and could therefore be recalled at par.

The University of Glasgow last week priced a US private placement, following the University of Surrey which issued a £120m ($173.6m) deal last month.

Banca Popolare di Milano and Banco Sabadell issued covered bonds which, despite their negligible new issue concessions, met with exceptionally strong demand.

A director of corporate real estate at Lloyds Bank resigned last week and the bank has not made plans to fill his role, according to two sources.

Bookmaker William Hill on Friday sold £350m of unsecured bonds in a sterling high yield market increasingly convinced that the June referendum will support the UK’s European Union membership.

Paccar came to the European corporate bond market on Tuesday, as ever keeping it small when it issued a €300m three year bond that enthused investors, some of whom would have liked more of the US truck manufacturer.

After the extremes of recent weeks, with enormous order books and sometimes negative new issue premiums, Europe’s corporate bond market has reached a steadier cruising speed this week.

Betting house William Hill this week was alone in the European high yield market for a potential issue of £300m of unsecured notes, with the UK’s European Union membership referendum an unhelpful backdrop.