BBVA's AT1 bond issue is expected to be the first of many of its kind under the new Capital Requirements Regulation in Europe.

H&M is set to open new stores to address market demand in growing markets. Hennes & Mauritz is planning to spend about Eur100 million to establish around 50 stores in India.

Russia's Merchel Steel has halted the offer for sales of its assets. Russian steel firm Mechel has withdrawn its offer to sell off 25% of its mining division due to tepid market conditions.

A total of 27 million shares would be sold off to allow the exit of Cinven and Warburg Pincus from Ziggo, the cable firm.

ING Groep NV, in its move to cut back operations, sells off custody services in several central and eastern European countries.

Telenor Serbia and Societe Generale Srbijia would divvy up assets of KBC Banka. KBC, the banking and insurance group from Belgium, announced that it had agreed to sell its Serbian subsidiary KBC Banka.

ThyssenKrupp, because of declining demand and low priced competition, is selling off assets in the Americas to

The Greece National Bank would be selling 12% of its share offering to private placement. The largest lender in Greece, the National Bank, is aiming to sell at least 12% of its Eur9.

GSK to sell off Lucozade and Ribena. GlaxoSmithKline (GSK) is going to sell its soft drink brands Ribena and Lucozade. The decision may result in GBP1.

In a warning report, Reuters has found that debt issuances by companies have reached near 2007 levels.