Barclays

Senvion, the German wind turbine maker, pulled its €700m IPO on Wednesday morning, after a difficult bookbuild that failed to deliver a covered book.

Barclays plc launched €1.5bn in five year senior debt on Wednesday, as it became the third UK issuer in the last two weeks to take strong investor demand for holding company level funding.

There has been €6.5bn of euro FIG supply across most asset classes in the first two sessions this week, with issuers riding a turnaround in sentiment after the European Central Bank announced more monetary stimulus last week.

Ontario Teachers’ Pension Plan fully exited its stake in ISS, the Danish cleaning firm, through a Dkr2.74bn ($408m) block trade on Monday night, which a lead banker said had attracted strong demand.

Caisse d'Amortissement de la Dette Sociale found strong demand at the five year part of the dollar curve on Tuesday, as L-Bank delayed a deal in the same currency and tenor.

KommuneKredit is set to print a seven year euro deal on Wednesday, following a debut euro benchmark from Municipality Finance in the form of a €1bn October 2021 on Tuesday.

In another European healthcare M&A deal, three banks have increased their commitments in a loan which veterinary pharmaceuticals company Dechra will use for a US acquisition.

Delta Lloyd’s largest shareholder continues to oppose the Dutch insurance company’s planned rights issue, which it said on Monday was “massively dilutive” and would “unnecessarily overcapitalise the company at the expense of shareholders”.

A $700m outing proved to be another success for ICICI Bank this week, which made a strong return to the debt market amid a lack of supply from high quality Indian credits. The scarcity element of Indian names helped drum up robust demand especially from the US, allowing the lender to price its notes flat to its curve.

Ontario Teachers’ Pension Plan launched on Monday evening a block trade for all the shares it holds in ISS, the Danish cleaning firm.

Creditors have rejected the chance to sell to the Austrian province of Carinthia discounted bonds in Heta, the bad bank created in 2009 to dispose of the assets of Hypo Alpe Adria.

L-Bank is set to print a five year dollar benchmark as investors eagerly await the outcome of this week’s Federal Open Market Committee (FOMC) meeting.