Barclays

The super strong bid for public sector dollar paper shows no signs of letting up, with Sweden this week printing the tightest deal to mid-swaps of 2017 — despite the large volume of paper already printed this year.

A flurry of activity in the market for socially responsible investments shows no sign of letting up, with two borrowers set to make their debut next week and two more waiting in the wings.

Arvos, the industrial equipment firm, has a bank meeting scheduled for Friday in London for a €130m incremental term loan as it looks to repay its existing second lien facility.

K+S, the German potash processor and mining group, launched on Thursday its first bond since losing its investment grade ratings.

South African diamond mining company Petra Diamonds has picked lead managers for a dollar roadshow as the company attempts to optimise its debt liabilities.

Gates Global, the US power transmission belt maker, rescheduled commitments for a euro term loan add-on to Thursday, after increasing it by nearly €200m from around €275m. The move came in a week when JP Morgan analysts and others voiced concern about risks in the leveraged finance market.

Issuers from Greater China are dominating the dollar debt market, as they vie for investor attention on Thursday alongside a couple of south and southeast Asian names.

CPPIB Capital is looking to step across the Atlantic into euros, selecting four banks to roadshow its euro debut. Elsewhere, the European Financial Stability Facility (EFSF) sent out its first request for proposals for the second quarter.

Sweden made a big noise in an otherwise quiet dollar market for public sector borrowers this week as it printed the tightest priced benchmark in the currency so far this year.

Saipem, the Italian oil and gas engineering group, entered the high yield bond market on Wednesday, backed by a return to profit and rising oil prices, in a deal set to attract the company’s home crowd.

Cobham, the UK defence company, announced the pricing for its £512m rights issue on Tuesday, a day after declaring that it was being investigated by the Financial Conduct Authority for its handling of inside information around its last rights issue, in April 2016.

The Autonomous Community of Madrid has announced that it will sell its first ever sustainability bond, joining the flock of borrowers landing in the socially responsible investment (SRI) market as the first quarter of 2017 draws to a close.