Barclays

Teva Pharmaceuticals priced its largest euro-denominated bond on Tuesday with a dual tranche eight and 12 year which came roughly flat to the dollar equivalent, according to bankers.

Aabar Investments, the Abu Dhabi investment group, raised €2bn with its second exchangeable bond on Tuesday, to repay a €1.25bn exchangeable into Daimler shares it issued in 2011.

Spain hit the euro market on Tuesday to sell its second 15 year syndication of 2015, following up a conventional deal earlier in the year with its third ever syndicated linker.

Teva Pharmaceutical Industries is out in the market with a dual tranche euro-denominated bond. Bankers expected the deal to be priced flat to the borrower’s dollar curve.

Aabar Investments, the investment arm of Abu Dhabi’s International Petroleum Investment Corp, is this evening bookbuilding a bond of €1.5bn to €2bn, exchangeable into shares of UniCredit.

The €275m loan backing the sale of E.On's Spanish and Portuguese assets is still in the leveraged finance market, after passing an initial March 20 deadline for commitments without the book being closed.

Centurion Corp, which said this January that it was considering setting up a real estate investment trust (Reit) in Singapore, is now deferring the move after consultation with the city-state’s stock exchange.

The European Investment Bank this week sparked a vehement discussion over new issue premia in euro benchmark issues in the era of European Central Bank quantitative easing.

Italy showcased the rampant demand at the long end of the euro curve with a record equalling €8bn deal this week — but also highlighted new hedge fund behaviour.

The hot demand in Europe's credit markets has already brought a stream of US investment grade borrowers to issue in euros. This week, four US high yield issuers rated single-B joined the caravan, writes Victor Jimenez.

Slovenia printed its longest ever bond on Wednesday, a 20 year, taking advantage of a near halving of its spreads since the start of this year to print inside where Spain's government bonds trade.

Cairo headquartered African Export-Import Bank (Afreximbank) has requested proposals for an international loan of around $500m, said bankers.