BNP Paribas

Santander brought peripheral bank capital back to the FIG market on Tuesday, as the recent rally showed little sign of wearing off following last week’s European Central Bank meeting.

Deutsche Telekom returned to the benchmark euro bond market after a three year hiatus on Monday, raising €4.5bn across three tranches.

Parex Group, the French producer of chemicals for the building industry, began roadshowing on Monday for a €150m floating rate note, in the busiest month yet this year for the European high yield market.

Corporate bond markets snapped into bullish mode on Friday as the effect of Mario Draghi’s renewed monetary stimulus kicked spread tightening into full throttle.

ArcelorMittal’s share price shot up on Friday March 11 after the Amsterdam-listed miner and steel maker set the terms for its $3bn rights issue, but then dived on Tuesday morning and though it has recovered, is now lower than last week.

After over a month with no Obligations Foncières supply, Caisse Française de Financement Local (Caffil) and Compagnie de Financement Foncier (CFF) returned to the primary covered bond market on Monday.

Italian luxury sports car manufacturer Ferrari sped into the capital markets ahead of the ECB’s monetary policy committee meeting on Thursday with a €500m debut bond.

Five banks are set to arrange a series of investor meetings in the US for the Socialist Republic of Vietnam.

Two French leveraged loan deals were launched on Wednesday, both of which back leveraged buyouts, as the market claws its way back to issuing primary deals after a sluggish month.

BNP Paribas’ head of distressed and loan credit research has left the bank for a private equity firm.

Veolia Environnement, the French water, waste and power company, joined on Tuesday the parade of investment grade blue chip companies launching convertible bonds at attractive terms — in this case, a negative yield and very high conversion premium.

Ten of the 11 banks that underwrote Saipem’s €3.5bn rights issue sold the bulk of their remaining overhang in the stock in a block trade on Monday night, making a gain. But Banca Imi decided to take the riskier path of selling its holdings by itself at a later date.