Credit Suisse

Apax Partners and Bain Capital have made their move for the Portuguese assets of Portugal Telecom today, with a €7.075bn offer buy the assets from Oi.

The senior unsecured market made up for a slow start to the week on Wednesday as three deals hit screens. Lloyds was able to draw a hefty order book for a seven year fixed rate print, while Danske Bank and Morgan Stanley sold floating rate notes.

mBank, Commerzbank's Polish unit previously known as BreBank, is roadshowing a euro-denominated bond via Barclays, Commerzbank, Credit Suisse and JP Morgan.

Singapore’s Keppel Telecommunications & Transportation started pre-marketing the S$505.4m ($392m) IPO of its real estate investment trust on Tuesday, November 11, with bookbuilding tentatively scheduled for the end of the month.

Beijing-based Momo, a mobile-based social networking platform, is looking to raise at least $300m from an IPO on the Nasdaq and has filed a preliminary prospectus with the Securities and Exchange Commission.

Bankers marvelled last week at just how eager European investors were to buy very highly rated corporate paper - as evidenced by a rarely intense period of issuance by double-A rated firms. Another high grade deal came on November 7 to reinforce those feelings: Bayer launched a €500m bond and got a €4bn book.

On Friday Nestlé extended by a year €5bn five year revolving credit facility it had signed in October 2013. The Swiss foods producer also replaced a €5bn-equivalent short term facility with a new facility of €6bn.

Alliance Automotive, the French-UK car parts distributor, is set to issue €325m of high yield bonds to refinance its acquisition by Blackstone and the company's founders from Weinberg Capital Partners in August.

Corporacion Andina de Fomento (CAF) extended its Swiss franc curve to January 2028 on Wednesday in the longest deal in the currency by a non-Swiss borrower since April 2013.

French telecoms group Altice announced its €7bn offer to buy the Portuguese assets of Portugal Telecom from Oi, the Brazilian telecoms company, on Monday, firing the first round in what looks to be a political bidding war.

Alliance Boots’ £12bn leveraged buyout in 2007 was a titanic and totemic deal, which symbolised the height of the pre-crisis LBO wave. This week, the financing was done that will remove the UK pharmacy group’s name from the corporate landscape, merging it with US chain Walgreens into WBA — Walgreens Boots Alliance.

The senior market awoke this week following a brief hiatus in the aftermath of the European Central Bank and European Banking Authority’s comprehensive assessment of Europe’s banks. While covered supply has been robust during the intervening period, a lack of recent senior issuance helped Abbey, Citi, DVB Bank and Nomura back into the market.