Barclays

Bond bankers say that Mexican government-owned oil company Pemex will have to overcome fears that European investors have over emerging market and oil related names as it looks at issuing its second sterling bond.

The French government sold €753.5m of shares in Safran, the French aerospace and defence group, on Monday night, in a block trade that was 1.6 times covered. But investors hoping to benefit from a favourable European Central Bank decision on Thursday were disappointed.

Europe's high yield market has made a remarkable comeback in the past fortnight, crowned this week when Ball Corp, the US can maker, priced a €2bn-equivalent bond, highlighting the bullishness of euro markets inflated by QE, writes Victor Jimenez.

FIG bankers rejoiced this week as two markets that have been much maligned this year — insurance capital and sterling senior — showed enduring appeal just in time for a year end funding grab.

Austrian oil and gas company OMV emerged on Monday with a dual tranche hybrid bond that had been promised since August, but a broader revival for the product may have to wait until next year.

Erste

Nestlé made a grab for sterling on Tuesday, issuing a five year benchmark bond that brought in orders from outside the UK.

Carlyle Group has sold its stake in RAC, the UK roadside recovery firm, to CVC Capital Partners in a deal that values the business at £2.2bn, including debt.

Mexican government-owned oil company Pemex held an investor call on Wednesday morning ahead of a planned sterling-denominated trade.

Nestlé made a grab for sterling on Tuesday, issuing a five year benchmark bond in the currency that brought in orders from outside the UK.

Entertainment One, the UK media company, plans to sell its first bond, £285m of secured notes, after a five day roadshow that ends on Friday.

Investors showed enduring appetite for insurance capital on Wednesday as Scor found more than €2bn of demand for the second French deal in as many days.