Commerzbank

The European Financial Stability Facility was the sole SSA out in euros on Tuesday, and won praise for a dual tranche tap that boosted each bond to the issuer’s normal benchmark size and completed its €6bn funding target for the first quarter.

The European Financial Stability Facility will hit the short and long end of the curve with its second benchmark of the year, a move that is being viewed as an effort to achieve size and duration.

LGC, the UK life sciences company being bought by KKR, has tightened price guidance on its €350m euro term loan ‘B’ and accelerated its deadline.

DekaBank made a rare appearance in the public bond market on Monday, but found itself the only FIG borrower active in euros as sentiment took a turn for the worse.

A former Commerzbank banker has resurfaced as a member of National Australia Bank’s Asia DCM team.

Sovereign, supranational and agency borrowers in the eurozone could receive an injection of monetary stimulus from the European Central Bank in March — boding well for a series of issuers lining up deals in euros.

Compagnie de Financement Foncier had been expected to open books for a 10 year benchmark on Wednesday, but postponed the deal blaming market conditions. Rival bankers said the long tenor was the wrong choice for the weak market.

As two senior Loan Market Association members leave the loan market, one will relinquish his role at the LMA while the other will stay on.

What should you be asking?

The State of Baden-Wüerttemberg and NRW.Bank priced deals in euros on Wednesday thus avoiding a clash with Thursday's European Central Bank meeting.

While markets have been badly affected by a mixture of worrying economic data from China, falling commodity prices and a continued slump in many emerging markets, the SSA market looks solid.

Sharjah opened books on the first international bond from the Middle East this year on Tuesday. Pricing for the five year note started back of the borrower’s outstanding 2024s.