Barclays

Shares in Cobham, the troubled UK aerospace and marine technology company, closed 13% higher on Thursday after the company unveiled its 2016 results and a turnround plan involving a second £500m rights issue in nine months, to strengthen its balance sheet.

UK pub company Stonegate on Thursday priced a £595m two part high yield bond, comprising fixed and floating rate notes, to extend the comeback of the sterling market this year.

The European Investment Bank launched a €5bn seven year benchmark on Wednesday, pulling in what two SSA syndicate bankers said is one of the largest books ever for an Earn transaction.

Indian film producer and distributor Eros International is putting together its inaugural dollar-denominated transaction, hiring three firms to work on the bond.

The European Investment Bank is set to tackle the seven year part of the euro curve on Wednesday, an area that has had no issuance from SSAs since early February.

Sustainability bonds are the flavour of the week for regional issuers, as the State of North Rhine-Westphalia smashed the size record for sub-sovereign SRI bonds on Tuesday and Île-de-France hit screens to announce its own socially responsible investment bond.

French pharmaceuticals firm Ethypharm increased the sterling tranche in its term loan package on Tuesday, as it seeks to acquire UK-based Martindale Pharma.

Barclays was met with hot demand for a new additional tier one trade in the undersupplied sterling market on Tuesday, with the trade quickly racking up more than £6bn ($7.35bn) in orders.

Indian non-bank lender Dewan Housing Finance Corp is back in the loan market with a $125m three year refinancing via two leads.

Barclays is looking to restart additional tier one (AT1) issuance in the sterling market this week, taking advantage of a lack of supply in the format and strong interest from investors over the course of 2017.

Novelis’s $1.8bn Asian refinancing of its US term loan B has seen four new lenders come in during syndication, as the leads hold out for several more large commitments.

The UAE’s Majid Al Futtaim will begin investor meetings in Asia next week for a subordinated perpetual bond, the first from the Middle East this year.