Banks

RAG-Stiftung, the German foundation created in 2007 to support the discontinuation of the country’s coal mines, opted to a block trade alongside an exchangeable bond to sell a 7% stake in Evonik Industries, the German speciality chemicals company, for €1bn.

The UAE’s Majid Al Futtaim has signed a $1bn revolving credit facility, ramping up the size of the revolver being replaced despite large scale backs to bank commitments.

Telecoms company Swisscom offered the Swiss franc bond market 10 year paper on Monday.

IDB Invest hit screens for a three year dollar bond on Monday, as the pipeline for the currency grew for the final quarter.

London-listed Anglo Pacific Group has added Scotia Bank to its existed lending syndicate, giving it capacity to triple the size of its bank facility.

Exyte, the German company that designs and builds high tech facilities such as laboratories and factories, has unveiled its plans to go public on the Frankfurt Stock Exchange in October, having filed an intention to float document on Monday.

Comcast won the bidding war for Sky over the weekend, with the US cable company mobilising £28.79bn-equivalent of loan funding to buy the UK media firm.

Abu Dhabi based real estate company Aldar hit screens on Monday morning with a seven year sukuk, but the deal seems to be relying on heavy support from leads.

Société Générale targeted the 10 year part of the curve on Monday, continuing a busy month of issuance for the French bank.

Spain’s largest department store group, El Corte Inglés, picked a busy week to roadshow its first rated issue. But its bonds will be listed in Dublin, despite efforts from the Spanish financial regulator to force a domestic bond listing in Madrid.

In the first deal from a UK bank since last week’s Salzburg summit, Royal Bank of Scotland came to the market on Monday with a senior bond from its holding company — looking to complete its sixth such transaction this year.

The Republic of Albania will go on the road to promote a euro benchmark transaction for the first time in three years.