UK

The UK government is consulting with market participants about new powers enabling it to block companies from listing their shares in the country on national security grounds. The move comes after concerns were raised about the 2017 listing of energy and metals company EN+.

Bank of Nova Scotia (BNS) priced its first Sonia-linked Canadian covered bond, the largest ever issued against Sonia and the first from a Canadian bank in well over a year on Monday. A t the same time TSB mandated leads for another Sonia linked covered bond.

This week's funding scorecard looks at the progress European sovereigns have made in their funding programmes as we approach the middle of June.

As much as everyone would like to put the UK's messy divorce from the EU behind them, it remains a very live topic — especially for bankers who don't want to live in Frankfurt.

Seraphim Space, one of the world’s largest investors in space technology, is launching a new investment trust on the London Stock Exchange, giving investors exposure to investments in the increasingly lucrative sector.

Alternative asset manager CVC Capital Partners has issued €1.25bn in US private placements, according to market sources. The trade follows similar moves by Bain Capital and Dyal Capital in the past 12 months, but is the first iteration of the trend to be priced in euros.

Habeck returns to syndicate at SMBC — Deutsche appoints co-heads of Americas ECM — JPM sends levfin bankers to US — Elfring lured out of retirement — Barclays hires CLO syndicator — Eagle Point snags head corporate trader

Believe, the French digital music company, completed its Paris IPO on Thursday morning but the shares bombed in their first hours of trading in another blow for European listings. However, sources close to the transaction were still pleased to get the deal across the line in what they saw as a boost for the French IPO market after another sizeable listing was pulled last week.

Octopus Renewables Infrastructure Trust has unveiled plans for a £100m share sale amid a swathe of fundraising by London-listed investment trusts.

Two of the largest private placement investors have beaten the broader market to a deal with Biffa, the UK waste management company, after many investors expected the transaction to be widely marketed. More frequently, larger investors are going direct to borrowers with bilateral and club deals, undercutting the syndicated market.

A year and a half after Brexit, investment banks are still grappling with evolving requirements to run capital markets deals for EU clients from within the bloc, with consequences for the job market there and in London.

Commodities broker Marex is the latest casualty of Europe’s IPO market, with sources close to its IPO confirming the offer was pulled after failing to attract enough demand to cover the deal.