Commerzbank

Two German issuers sold corporate bonds on Tuesday and on Thursday, mobile phone operator O2 Telefónica Deutschland made it a German treble the following day.

Germany’s largest residential real estate company, Vonovia, took its total bond issuance year to date to €3.6bn after announcing a €500m no-grow five year deal as it continued to fund its M&A activity.

British oil and gas company BP returned to the European corporate bond markets on Thursday for the first time in a year. Two euro tranches came 12 months after the company’s last euro offering, and a sterling tranche was its first in its domestic currency since August 2016.

British oil and gas company BP returned to the European corporate bond markets on Thursday for the first time in a year. Two euro tranches came twelve months after the company’s last euro offering, and a sterling tranche was its first in its domestic currency since August 2016.

Two German issuers sold corporate bonds on Tuesday and, after a day many Germans may want to forget on Wednesday, mobile phone operator O2 Telefónica Deutschland made it a German treble the following day.

Spain’s Masmovil has completed a second round of refinancing on its bank loans, shaving a further 100bp off the cost of its total debt pile and ramping up the size to €831m.

The European leveraged loan market is starting to look a lot like it did in May, with a table full of multi-billion deals and bankers concerned about how much this spike in issuance could play into investors’ hands.

Akasol, the German battery maker, has narrowed the range on its €100m Frankfurt flotation a day before closing the books.

Three banks showed they were thirsty for topping up on their existing stock of covered bonds on Tuesday, with Bank of New Zealand favouring the format over senior unsecured and Commerzbank tapping one of the four deals it has sold already this year.

France is set to revisit the SRI market, announcing a syndicated tap of its June 2039 Green OAT, or GrOAT. The deal will follow a German agency's annual green bond.

The UK’s Synthomer plans to raise €600m through a revolving credit facility and privately placed notes, as the unrated chemicals company looks to refinance existing bank debt early.

Commerzbank and Oma Savings Bank both said on Monday that they were looking to tap existing covered bonds, as issuers tiptoed into the new week monitoring primary market conditions closely.