Barclays

Indian power company Power Finance Corporation (PFC) has mandated three banks for investor meetings that could be followed by the company's international debut in the US dollar market.

A trio of SSA issuers are set to pepper the euro curve on Tuesday, despite waves of volatility engulfing the market over the past few weeks.

GNF Telecom, the telecoms unit of Gas Natural Fenosa which was bought by Cinven last year, is seeking to cut the margin on a €295m leveraged loan it allocated last July.

Only one high yield bond was being roadshowed in Europe today, and it was in Swiss francs — but that does not mean volatility in euro rates has disrupted the market, bankers say.

Barclays has raided its own investor relations team for a new syndicate banker, who will work across fixed income products.

Shares and rights of the two Italian banks going through recapitalisation rights issues made big moves again on Thursday, but bankers believe the deals for Banca Monte dei Paschi di Siena and Banca Carige will still succeed.

Compagnie de Financement Fonciere (CFF) has issued the first euro denominated three year conventional covered bond this year.

Labco, the French medical diagnostics company, plans to refinance all of its bonds with a new €800m issue. It agreed in May to be bought by private equity firm Cinven after pulling an IPO at the last minute.

Dollar borrowers were forced to pay up to access the market amid continuing market volatility as they raced to take advantage of attractive funding costs ahead of the looming Fed meeting.

Two first time bond issuers joined the corporate pipeline this week, with TDF Infrastructure and the University of Liverpool preparing to debut, despite a choppy primary market.

Europe's investment grade corporate bond pipeline swelled even more on Thursday, though the primary market stayed silent, as HJ Heinz announced a roadshow to prepare funding for its merger with Kraft.

Gecina, the French real estate investment trust, issued its second euro bond of 2015 on Tuesday, and had to pay a chunky new issue premium and higher yield than last time.