Citi

The European high yield market is experiencing a post-Easter resurrection, with six new issues announced after the London market returned to work on Tuesday. While some of these trades were the lower-rated acquisition bonds investors having been crying out for, the bond market is still largely stuck with deals too long, too tight, too risky or too large for first lien loans.

Switzerland’s Coca-Cola HBC has amended and extended its revolving facility, with the soft drink bottler supersizing its loan to €800m and including a sustainability element.

John Wood Group, the Scottish oil services company headquartered in Aberdeen, entered the US private placement market late on Wednesday.

The Development Bank of the Republic of Belarus raised $500m with its first ever Eurobond on Wednesday, slicing 25bp off its yield from initial price thoughts.

Suntec Real Estate Investment Trust (Reit) on Tuesday priced a placement of new units, increasing the size of the deal to raise S$200m ($147m).

The sterling market came alive this week, with three issuers raising their heads above the parapet after a few slow weeks in the currency.

The US’s Occidental Petroleum has swooped in with a roughly $57bn bid for Anadarko Petroleum, drawing battle lines against Chevron’s smaller bid for the shale oil company.

The Development Bank of the Republic of Belarus has released initial price guidance for its Eurobond debut at 7% area for a five year Reg S/144A dollar bond. A banker away from the deal called the level fair.

Suntec Real Estate Investment Trust (Reit) is looking to raise S$150m ($110.4m) from a placement of new units, according to a term sheet seen by GlobalCapital Asia.

Terminal Investment Limited (TIL), a port operator headquartered in the Netherlands with terminals in 21 countries, has launched a US private placement (US PP) transaction in euros and dollars.

Smart wearables manufacturer Huami Corp has launched book building for its $ 114m follow on American Depository Shares (ADS) offering.

After weeks of thin issuance in European high yield, six deals were announced on Tuesday, of which two were true buyout financings, rather than the double-B refinancings that have dominated the market this year.