Crédit Agricole

Orpea's €400m seven year foray into the unrated bond market on Thursday was welcomed by Euro PP lawyers and bankers as a sign their market is succeeding in helping issuers enter the capital markets. Those in the Schuldschein market are not so satisfied.

French commercial property company Carmila returned to the investment grade bond market after two years away and received a positive response from investors for its longest maturity to date.

Crédit Agricole has hired a banker from SEB to join its FIG syndicate team in London.

Nexity, the French property developer, increased a convertible bond issue from €180m to €200m on Tuesday after receiving strong demand.

Three public sector borrowers hit screens in euros on Tuesday, taking advantage of a hot market to offer zero or limited new issue premiums.

Kernel, the Ukrainian grain and sunflower producer, has signed a $100m pre-export finance facility with a syndicate of European banks.

The Kingdom of Belgium hit the market on Monday with its long awaited first green OLO. The sovereign received strong demand for the deal, tightening its spread by 3bp and pulling in a book of €12.7bn.

The European Union’s upcoming April 2033 euro benchmark may have to offer a little more premium than usual if it wants to match a similar trade from the European Investment Bank last week and attract strong French demand, said bankers away from the mandate. Other euro supply in the pipe includes CPPIB Capital — also with a 2033 issue — and Rentenbank in sevens.

French electrical equipment manufacturer Legrand used the same no-grow approach as on its previous two deals for the only new issue in the investment grade corporate bond market on Monday.

Assystem Technologies, a French engineering specialist owned by Ardian, is launching an add-on to its term loans to fund its purchase of German peer SQS Software Quality Systems, as merger and acquisition deals gain share in the leveraged loan market.

Investors did not require Crédit Agricole to pay any new issue premium for a €1.25bn offering of floating rate notes on Monday.

The Kingdom of Belgium’s first green bond will be launched next week following a two week roadshow.