Citi

Rolls-Royce, the UK aero-engine maker, has refinanced a £1.5bn credit facility for the budget price of 21.25bp over Libor, according to Dealogic.

With the European Central Bank bond buying programme creating the perfect market for locking in long dated funds at record low yields, the Republic of Poland this week made the most of sublime conditions to print a 12 year with a coupon of 0.875%. Virginia Furness reports.

National Bank of Kuwait made its first appearance in the capital markets since 2002, bypassing senior unsecured to sell a $700m additional tier one trade on Wednesday.

ING is set to leap into the post-Easter market for its first additional tier one deal, looking to add to a recent hot streak for subordinated paper.

Hikma Pharmaceuticals is out with guidance for its debut offering. The bond will be the first senior unsecured offering from Jordan since 2010.

The post-Easter deal pipeline began to fill on Wednesday, with ING mandating banks to arrange investor meetings ahead of its debut additional tier one trade.

Chinese department store operator Golden Eagle International Trading has launched a $500m three year bullet into general syndication. Eight mandated lead arrangers and bookrunners are on the deal.

A CEE sovereign, a Middle Eastern bank and a Jordanian corporate came to market before Easter. While this may sound like the start of an ill-advised and esoteric joke — it is April Fools’ Day after all — this week’s offerings are a perfect showcase of the diversity of CEEMEA credits available.

Tinkoff Credit Systems has bought back $80m of its 2015s, impressive considering Tinkoff’s bonds have rallied along with the rest of the Russian Eurobond market, according to bankers.

Royal DSM, the Dutch chemical company, has issued a €500m 10 year bond.

Poland printed its new 12 year note with a 0.875% coupon on Monday, making a big saving on where it priced a 2024 at 3% last January.

Chinese department store operator Golden Eagle Retail is due to hit the market for a $400m three year bullet. Eight mandated lead arrangers and bookrunners are helming the deal.