Deutsche Bank

Sanofi entered the European corporate bond market for the second time in a year on Tuesday, using its favoured triple tranche format and printing short dated notes with a negative yield.

R&R Ice Cream is scheduled to launch €1bn of loans this month as its joint venture with Nestlé’s ice cream business, Froneri, nears completion.

Demand for the €500m bond from Swedish property owner Hemso Fastighets on Tuesday confirmed Nordic momentum in the corporate market.

British American Tobacco issued the first corporate sterling bond of the autumn on Monday as it reached for tenor, tapping the market for a 36 year deal.

Chinese auto rental company eHi Car Services has signed up new lenders for its $150m loan that opened for retail participation in May.

Islandsbanki has become the first Icelandic bank to issue a benchmark bond in euros since the financial crisis.

Institutional investors turned out in force for Slovenia’s euro market return on Wednesday, allowing the sovereign to tighten pricing by more than 10bp.

Five banks raised more than $10bn in the senior unsecured dollar market this week, exploiting strong demand and at spreads that were in line with where covered bonds would have priced.

HSBC and Santander UK found strong demand for senior bonds issued from their holding companies this week, revealing an opportunity for more deeply subordinated supply such as Nordea’s tier two benchmark.

Saipem, the Italian oil services company, on Thursday priced €1bn of unsecured bonds in a high yield market still looking at a thin pipeline.

Malaysian sovereign wealth fund Khazanah Nasional threw open Asia’s equity-linked market this week, issuing a $398.8m exchangeable sukuk to much fanfare. The deal has revived Khazanah’s presence in the market and comes two years after it struggled to pull off a similar transaction. Jonathan Breen reports.

Luxembourg-headquartered Armacell has launched a repricing request on its €445m term loan ‘B’, following Blackstone and Kirkbi’s acquisition of the foam insulation manufacturer from Charterhouse earlier this year.