Deutsche Bank

German motorway services company Tank & Rast has cut 50bp from the margins of all tranches of a €1.45bn loan, seven months after the deal was signed.

The European Financial Stability Facility enjoyed ideal market conditions to print long three year debt this week, with the order book swelling to over twice subscribed despite the issuer offering only the skinniest of new issue premiums.

Ryanair’s first bond issue was always likely to be a hit in the current buoyant markets, but the runaway success of Tuesday’s €850m sale still left lead managers delighted.

Sixt, the German car rental company, returned to the bond market on Wednesday, building on the success of its €250m deal in May 2012.

General Electric is the world’s biggest bond issuer, and usually one of the US issuers that comes most frequently to European markets — partly to diversify its funding, and partly because it has European-based businesses to finance.

Standard Chartered’s two tranche offering of senior unsecured debt this week represented some of the cheapest funding the bank has raised since its inception in 1868, said Chris Danels, global head of capital management at the bank. It showed that despite the ever intensifying search for yield, investors are also still hungry to diversify into low beta paper.

Deutsche Bank's head of capital solutions Gerald Podobnik has taken on another role, becoming head of FIG capital markets and treasury solutions for Germany and Austria.

Indian Oil Corporation launched its $650m five year loan into syndication on June 6 after adding five mandated lead arrangers and bookrunners to the existing nine.

Solar panel manufacturer Trina Solar successfully raised a combined $247m by pricing a concurrent placement and convertible bond offering on June 6, despite a turbulent market backdrop as Chinese solar companies were slapped with new import taxes by the US.

Hainan Airlines continued the recent run of taps on June 12, pricing the reopening of its offshore renminbi bond flat to the original 6.25% 2017s. Reverse enquiry drove the deal.

Sandvik and Sixt both launched sub-benchmark bonds today, after Sandvik had roadshowed on Monday and Tuesday and Sixt had held a conference call with investors on Tuesday morning.

Two less frequent European borrowers and the world’s biggest corporate bond issuer gave euro investors a varied diet today, as GE Capital issued a €500m FRN and Sandvik and Sixt brought their premarketing to fruition with sub-benchmark deals.