Barclays

French bottle maker Verallia served on Wednesday an updated version of the offering it had to pull in October, when its shareholder Apollo disagreed over the terms with investors. The deal is now smaller, and the issuer less leveraged.

The IPO market in EMEA is enjoying mixed fortunes, with the successful completion of the largest flotation in Russia since 2014 and the withdrawal of the first German IPO of the year late on Tuesday due to a lack of demand at an acceptable price.

Criteria Caixa, the unlisted holding company, has sold a 5.3% stake in CaixaBank, the Spanish lender, for €1.06bn, through an accelerated bookbuild launched on Monday night that was completed without a covered message.

Two public sector borrowers had very contrasting fortunes with no-grow three year dollar bond issues on a volatile Tuesday.

Agence Française de Développement (AFD) has pulled a three year dollar deal that was expected to be priced today.

Investors wasted no time posting orders for Sparebank Vest Boligkreditt’s covered bond issued on Tuesday, a deal which ticked all the right boxes for maturity and spread, despite concerns from Moody's about the sustainability of Norwegian house prices.

Ahli Bank Qatar will hit the road next week for a five year senior bond, as issuance from Middle Eastern banks ramps up.

Sweden’s Molnlycke got in early this week with a €500m eight year trade, as bond bankers said that the euro market is ready to ramp up again in the coming days.

Danske Bank showed enduring demand for five year covered bonds on Monday when it issued the first Danish covered bond in euros this year. In common with other deals issued in this part of the curve, the bonds quickly attracted a well oversubscribed order book.

Jefferies has appointed a new head of EU emerging markets sales having strengthened its EM credit team with four other recent hires.

Apple got February off to a flyer after Microsoft and AT&T confounded predictions of a supply slowdown in the US high-grade market with deals that secured a record-breaking start to the year.

Parkdean Resorts accelerated commitments on its £575m ($722m) buyout seven year term loan ‘B’ this week alongside several issuers who came to reprice sterling deals, as more cash pours into non-CLO investment accounts.