Deutsche Bank

Optimal Payments, the Isle of Man-based secure payments provider, has repriced the financing for its acquisition of Skrill, before closing the deal, and replaced amortising loans with a bullet facility.

Banks steered clear of the European bond markets on Monday, as the vast majority of last week’s primary prints languished wide of their re-offer levels.

Logistics facility provider Global Logistic Properties (GLP) completed its debut outing in the dollar bond market in style, raising $1bn from a Reg S 10 year trade. Despite its first appearance, the company’s niche sector and link to GIC provided enough comfort to investors.

The Democratic Socialist Republic of Sri Lanka made a well-received return to the international bond market on May 28, pricing a $650m 10 year bond inside its existing curve.

China National Bluestar raised $1bn from its maiden dollar bond on May 28 as investors flocked to the state-owned chemical company’s dual tranche deal. Despite garnering almost twice as much demand for the longer dated bond, the borrower opted to raise equal amounts across the three and five year trades.

Credit trading desks at banks have been swept by a tornado of job moves, as financial institutions specialists leave or jump to rival firms in a scramble to survive in a shrinking market.

Eli Lilly, the US pharmaceuticals company, made its euro bond debut on Tuesday, printing seven, 11 and 15 year notes and proving that the market is still open for longer dated paper — at a price.

Unilever, the UK-Dutch consumer goods company, highlighted growing demand for short dated bonds and FRNs on Wednesday, when it gathered a hefty order book at arguably no new issue premium for a three year floater.

Finnvera matched its record dollar syndication size with its longest ever deal in the currency on Thursday, but some bankers away from the trade felt it should have been more conservative.

French car rental company Europcar, which last week filed for an IPO, received on Wednesday strong demand for its €475m refinancing offer.

The Republic of Korea has mandated two banks for a credit update with bond investors in London next week.

Guangzhou Communications Investment successfully wrapped up its debut outing to the dollar bond market on May 27. Despite the crowded pipeline, orders flooded in and the investment platform for the Guangzhou government managed to achieve both its size and pricing goals.