Banks

The stars aligned for French drink company Pernod Ricard’s return to the bond market, with the issuer printing flat to its curve, or even through it by some estimates, in its first outing since being upgraded by two credit rating agencies.

France’s Unibail-Rodamco-Westfield has set final terms on a €750m trade, with the commercial real estate firm ramping up the size while whittling away at the spread to around a single digit new issue premium.

Rabobank shrugged off a little price sensitivity this week to launch a green non-preferred senior bond at a spread that FIG bankers said was as much as 5bp through fair value.

Dutch firm Prosus made a debt-backed hostile bid of around £4.9bn for online food delivery company Just Eat on Tuesday, with the target's board quickly rallying to reject the unsolicited offer.

Royal Bank of Canada was able to raise £400m of senior funding as though it was on 'autopilot' in the sterling market this week. It is the third Canadian issuer in a month to seek funding in this currency counting as total loss-absorbing capacity (TLAC).

Norilsk Nickel printed a five year Eurobond on Monday, raising $750m with its lowest ever coupon.

NordLB has promoted a public sector fixed income analyst to its origination desk, covering supranationals and agencies.

UK motion picture visual effects company DNEG is pushing ahead with its IPO on the London Stock Exchange, having formally confirmed its intention to float on Tuesday.

Celia Murray has been appointed as head of M&A and corporate finance for the UK at JP Morgan.

Vietnamese dairy producer NutiFood Nutrition Food Joint Stock Company has postponed a planned three year dollar bond, but said it has not given up hope of returning to the debt market later.

China Resources Land has raised HK$6.73bn ($858m) after issuing a chunk of shares in a top-up placement.

Muthoot Finance raised $450m from its maiden dollar bond on Monday, after showing investors the difference between its operations and that of other beleaguered Indian non-banking financial companies (NBFCs).