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Numericable and Altice pulled off a funding coup this week with a €16bn synchronised high yield bond and leveraged loan deal to back their takeover of French mobile phone operator SFR, which is still months away from closing, writes Olivier Holmey.

PepsiCo, the US soft drinks and snacks group, sold its first bond in a continental European currency for 18 years today, with a seven and 12 year euro bond that was capped at €1bn.

Constellium, the aluminium products company spun out of Rio Tinto in 2011, has announced a roadshow for a €590m-equivalent high yield bond issue, and also aims to obtain a €120m loan.

Bauer Group, the German industrial equipment manufacturer, has signed a €450m syndicated credit facility to refinance nearly all its short term debt.

Tencent printed the largest ever dollar bond for an Asian technology company on Tuesday night with a $2.5bn three and five year dual tranche transaction that attracted an orderbook that was more than five times subscribed. A ratings bump since its last outing ensured the issuer got a good response from the US and allowed it price comfortable inside its curve.

Korea Expressway added to week's rush of issues, pricing a three year bond on Tuesday. While it was by no means the standout deal among the likes of Sinochem and Tencent, the bond attracted a good spread of investors and performed well in secondary markets.

Supply breeds demand. It’s an idea economists struggle with, but capital market specialists know it well. If there was any doubt, Verizon Communications proved it last year by selling a $49bn bond in one day. Far from being a struggle, the deal was many times oversubscribed.

China National Overseas Oil Corporation opened the books for a three tranche transaction on Wednesday morning as the issuer embarks on its annual bond fundraising, joining a number of other Chinese state owned enterprises that have come to the market in recent weeks.

Numericable and its parent company Altice, the French cable group planning to take over mobile phone business SFR, are on the verge of closing the books on Europe's biggest ever high yield bond issue.

San Miguel Corporation’s Power Holdings looks set to return to the dollar bond market and has mandated banks to arrange a series of investor meetings.

With books more than sufficiently covered in general syndication, Indonesia’s Adira Dinamika Multi Finance is considering increasing its loan size by $100m to $300m with allocations now being determined.

Korea Expressway Corporation is back in the market with a three year transaction on Tuesday as Korean credits come out in force with mandates and new issues.