Crédit Agricole

State Bank of India launched its $500m fundraising into general syndication on Tuesday via eight mandated lead arrangers and bookrunners.

A trio of issuers in euros joined the sole dollar SSA benchmark deal this week in a flurry of pre-holiday activity, with a banker away from the this week's action remarking that the terrorist attacks in Belgium were likely to have a limited effect on SSA deals.

Zodiac Aerospace, the French aeroplane seat maker, has sold a seven year Euro private placement to refinance an older Euro PP and the first instalment of a Schuldschein, both issued in 2013.

Unédic and the European Stability Mechanism nipped in ahead of the Easter holiday to print euro benchmarks, in seven and 20 year tenors, respectively.

Syndication has closed for a $975m refinancing for India’s Reliance Industries, with four new lenders coming in.

Unédic and the European Stability Mechanism are set to price euro deals this week, taking advantage of a window before the start of the Easter holidays later this week.

As the European high yield market showed signs of becoming friendlier to borrowers, French car parts supplier Faurecia on Thursday sold €700m of notes to redeem a €490m unsecured bond.

Sappi Papier, the Austrian-South African paper manufacturer, sold €350m of secured notes at 4% to refinance its 2021 dollar bond, in a European high yield market that has brought forward its post-Easter pipeline of deals.

Crédit Agricole raised €3.25bn as it issued the biggest euro covered bond benchmark since 2007 on Wednesday, achieving a competitive cost of term funding at historically cheap rates.

Kommuninvest’s long-awaited first foray into the green bond market was finally priced on Wednesday and Municipality Finance plans to follow with a green debut of its own later this year. Kommuninvest’s deal came just two days ahead of NWB Bank’s 10 year dollar deal which opens books on Friday.

After disclosing on Wednesday details on its €9.3bn debt restructuring, the renewable energy multinational, Abengoa told GlobalCapital it may push to extend the length of its three month pre-insolvency proceedings.

GlobalCapital announces the results of its Equity Capital Markets Awards for 2015, following our inaugural ECM Awards Dinner, in London on March 16.