Europe

A chilly east wind may be reminding Londoners it’s only March, but an unseasonal summer continues to blaze in the corporate bond market. Medtronic, the US-Irish maker of high tech medical devices, made its debut in the currency today with a six tranche extravaganza that attracted over €30bn of demand.

Danske Bank has turned to the Norwegian krone market to raise non-preferred senior debt, following closely behind a recent transaction in euros.

Metro Bank has come under pressure from investors building short positions against it in recent days, but sources are still confident in its chances of executing a successful rights issue.

L-Bank is set to bring the first ever Reg S only Sofr-linked bond on Tuesday. The German agency will be joined in the dollar SSA market by Japan Finance Organization for Municipalities, which has picked banks for its first benchmark of the calendar year.

Greece mandated banks on Monday for a 10 year syndication, which will be the sovereign’s longest tenor since making its public bond market comeback in 2014.

Greencoat Renewables, the Irish wind farms fund managed by Greencoat Capital, returned to the equity capital markets on Monday with a €105.5m fundraising following the release of its 2018 earnings.

South East Water, the UK water supplier headquartered in Kent, has debuted in the US private placement (US PP) market, according to participants in the sector.

GlobalCapital's list of European corporate bond issues in euros and sterling, with links to stories about the deals.

Jyske Realkredit has mandated leads for the first Danish covered bond of the year. The transaction joins the pipeline alongside two other sub-benchmark deals, this time from Finnish lenders.

EMEA loans bankers are taking some positives from developments in the wider capital markets after the direct start to the year in at least five years.

Crédit Mutuel Arkéa sold a new tier two against a strong market backdrop on Monday, as the French financial institution spelt out its desire to maintain high credit ratings and capital buffers.

Danish Ship Finance plans to go on the road before issuing its debut euro covered bond.