BNP Paribas

HSE24, the German shopping television channel, is marketing a €314m loan to refinance debt and pay a €94m dividend to its sponsor, Providence Equity.

Averys, the French industrial shelving supplier, marketed its €165m refinancing loan at a bank meeting in London today.

Philippine oil refining company Petron Corp has closed its fundraising at $475m, higher than the launch size of $300m, with 17 lenders joining during general syndication.

Hedge funds and some real money desks were seen setting up bullish positions using credit options in iTraxx indices ahead of the European Central Bank meeting on Sept. 4 and unwinding them to a profit not long afterwards, according to credit analysts.

Turkish home appliances and consumer electronics company Arcelik has launched on Tuesday the first ever sub-investment grade emerging market euro deal with no high yield covenants. The note was priced flat to the company's dollar curve and books for the €350m deal were over €900m.

The heavy flow of European corporate bond issues that bankers have been predicting for September began in earnest today, showing that the market’s strength has been no idle boast. Investors swallowed five roadshowed deals in euros and sterling and Vodafone launched a two tranche issue without warning. All were gobbled down with ease.

Macquarie and Zurich Insurance kicked off what is expected to be a busy week for senior issuance on Monday as issuers looked to take advantage of positive sentiment following last week's European Central Bank meeting. Zurich was able to draw together a comfortably oversubscribed book, while Macquarie printed with only a small new issue premium compared to secondary paper.

The subordinated debt market for European financials was back in full swing with four deals out on Monday morning boosted by the European Central Bank's policy decisions made last week.

Arcelik, a Turkish home appliances and consumer electronics company, is out with price thoughts for the first euro-denominated bond from a Turkish corporate.

India’s state-owned Power Finance Corp (PFC) has issued allocations for its $250m five year loan that hit general syndication in July.

Fiat priced €500m of bonds on Thursday, as it tapped its 2022 notes amid a market buoyed by the European Central Bank’s announcement that it would cut interest rates to a new low.

Europe’s corporate bond market burst into full scale action on Wednesday, after two weeks of sporadic new issuance. A €3bn deal from Sanofi, the French pharmaceuticals company, was joined by €1bn from Toyota Motor Credit Corp, €500m from property company Foncière des Régions and yet another small deal from Volvo (see separate stories).