Barclays

Bibby Offshore, the UK provider of subsea services to offshore oil and gas firms, plans to issue £175m of senior secured seven year notes.

Alstom Auxiliary Components has widened price guidance on the first lien tranche of its €630m-equivalent leveraged loan facility by up to 75bp.

Korean issuance is picking up in the wake of the Republic of Korea’s dual tranche offering on June 3. Latest out the blocks include Korea National Oil Corp. which is meeting investors for a euro-denominated bond, and Korea Gas Corp, which is looking at dollars.

Seadrill, the UK offshore deepwater drilling company, is increasing an existing $1.8bn term loan 'B', signed in February, by $1bn.

Kookmin Bank will be meeting investors next week and the week after for a proposed international bond.

Vakifbank has launched its €500m bond to yield 3.65% — the tight end of guidance and inside its own dollar curve.

China Minmetals Corporation returned to the offshore renminbi market with a three year bond on Monday. Despite coming in the shadow of a record month for Chinese CNH supply, the unrated transaction was well bid and priced through the issuer’s existing curve.

Suez Environnement, the French water and waste management group, is aiming to issue a new hybrid capital bond to refinance its €750m hybrid from 2010, which becomes callable in September 2015.

Cinven has announced its takeover of the telecoms branch of Spanish gas utilities group Gas Natural Fenosa, as the private equity firm seeks to maintain its presence in a sector which has brought it some of its best returns.

Solar panel manufacturer Trina Solar successfully raised a combined $247m by pricing a concurrent placement and convertible bond offering on June 6 despite a turbulent market backdrop as Chinese solar companies were slapped with new import taxes by the US.

Barclays targeted fixed income, currencies and commodities as it began cutting hundreds of jobs this week. But one area that the axe passed over was credit trading.

The widely anticipated public sector-backed Pfandbrief from Dexia Kommunalbank on Tuesday had been expected to go well, given the juicy spread that was expected. But the level of oversubscription proved a surprise and was the highest of any German deal this year — even putting competing issuance from Portugal into the shade.