Deutsche Bank

In a direct illustration of how far the additional tier one market, and yields on both subordinated debt and that of the European periphery's financial institutions, has come, Banco Popular Español is looking to issue an additional tier one with a coupon likely to be five points lower than where it priced an AT1 deal less than a year ago.

Using a special purpose vehicle, Dutch port terminals developer Heysta Energy has priced the €350m facility that backs its buyout of HES Beheer.

ONGC Videsh has opened guidance on a dual tranche dollar offering just days before newly elected prime minister Narendra Modi reveals his maiden budget on Thursday, July 10. Despite market expectations of a euro-denominated bond, the issuer opted for dollars as the conditions were more favourable.

Chinese passenger vehicle manufacturer BAIC Motor Corp has filed its preliminary prospectus for a Hong Kong IPO, in a deal that will raise between $1.5bn and $2bn.

The Malaysian government’s strategic development company, 1Malaysia Development (1MDB), announced on July 3 that it had started work on an IPO of its energy assets, scheduled to come in the fourth quarter.

UK frozen foods producer Iglo has priced the loans and bonds in its €1.7bn refinancing facility, and scrapped plans for a fixed rate bond in favour of just issuing a floating rate note.

Two blue chip German companies have issued 25 year euro bonds in the past week in semi-private sales driven by reverse enquiry.

French former mortgage lender Caisse Centrale du Crédit Immobilier and Dexia Crédit Local took to what market participants described as a wobbly market this week, offering investors government guaranteed bonds that both brought in large books.

Garanti Bank sold a €500m five year bond on Tuesday in line with initial price thoughts — an unusual event in CEEMEA where pricing is typically tightened. But a syndicate official on the note said he was pleased with the result, and one away from the deal said Garanti’s generosity may have been necessary after a string of Turkish bank deals in the last month.

Singapore’s Frasers Centrepoint has picked a group of three banks to provide it with funds for its A$2.6bn ($2.5bn) acquisition of Australian property developer Australand.

UK frozen foods producer Iglo has priced the loans and bonds in its €1.7bn refinancing facility, and scrapped plans for a fixed rate bond in favour of just issuing a floating rate note.

The Republic of Indonesia priced its debut euro-denominated bond on Thursday and was met with overwhelming demand from yield hungry investors. But bankers are now in a fierce debate about how much of a concession the borrower had to pay to secure its first euro trade — and whether it was worth it, writes Virginia Furness.