Deutsche Bank

Angus Chemicals, the US chemicals producer, is closing books on its $505m leveraged loan, the first of the year, having made a small shift in favour of euros on the crossborder transaction.

Euro commercial paper issuance dropped to its lowest level in 11 years in 2014, and the market faces a further threat from proposed bank-style regulation for money market funds.

Fresenius, the German medical care company, launched a loan refinancing project of around €3bn only two days after Standard & Poor’s upgraded it to investment grade.

The loan portion of Liberty Global’s refinancing exercise has been reduced to around €690m, after lenders’ reluctance to roll into its merging Dutch subsidiary led the company to issue an €800m bond through Ziggo, one of the merging companies.

While US borrowers dominated senior unsecured issuance this week, Dutch lender NIBC Bank was also able to return to the euro senior unsecured market after an absence of almost three years.

What a difference QE makes. Sentiment in Europe's high yield market has U-turned, from the uneasy, sluggish mood in the final months of last year, to an overtly optimistic January.

The Deutsche Bank boss needs a new strategy as fixed income and capital concerns strengthen the hand of universal banking naysayers, writes David Rothnie.

The loan portion of Liberty Global’s refinancing exercise has been reduced to around €690m, after lenders’ reluctance to roll into its merging Dutch subsidiary led the company to issue an €800m bond through Ziggo, one of the merging companies.

Italian electricity company Enel has priced a €1.46bn 10 year bond, to be issued to the holders of six shorter dated bonds, after 25% of the investors accepted an exchange offer.

Malaysia Airports opened a €500m ($579m) seven year loan into general syndication on January 21, picking two European banks and one Malaysian bank to lead the deal. A portion of the loan will be used to finance the borrower’s acquisition of Turkey's Istanbul Sabiha Gökçen (ISG) International Airport.

The world’s largest utility State Grid Corp of China issued its first euro-denominated bond on January 19, with a €1bn ($1.2bn) deal comprising seven and 12 year notes.

Baosteel Resources International (BRI) had a barnstorming debut on January 21, hitting the market with a five year dollar bond that was eight times covered. The strong demand was a testament to the deal’s pricing, according to bankers on the trade.