Europe

Entertainment One, the Canadian record label and entertainment company, has raised £53m, in an accelerated bookbuild, to partly finance its acquisition of the remaining shares in The Mark Gordon Company, the Hollywood production company behind films such as Saving Private Ryan, in which it already owns a 51% stake.

French pharmaceutical company Sanofi has announced its second multi-billion euro takeover this month, offering to buy Belgian biotech company Ablynx for €3.9bn in cash.

Informa, the UK media group, has made a formal £3.9bn takeover offer for events company UBM, and has agreed a bank loan to fund the roughly £653m cash part of the purchase.

The Republic of Poland, which issued the world’s first sovereign green bond, has returned for another bite of the apple, naming leads for a new issue.

Deutsche Hypo returned to the covered bond market on Tuesday, following the wake of a series of German borrowers last week, to issue a four year tap. Although the pipeline is empty, 'the floor is wide open’ for an opportunistic issuer to follow on Wednesday.

Additional tier one (AT1) bonds were trading wider on Tuesday morning as investors cashed in profits amid yield rises in rates markets.

Rabobank returned to the covered bond market on Tuesday to issue the tightest €1bn-plus sized triple-A rated 10 year since the crisis.

A group of bondholders that lost money after Banco Popular failed last year have applied to join a criminal investigation into the bank’s collapse. The move comes ahead of the Single Resolution Board’s (SRB) expected publication of the valuation report that accompanied its resolution decision.

Credit Bank of Moscow, the only survivor of four banks identified in a leaked report from an Alfa-Capital analyst in August as at risk of a central bank bailout, has mandated lead managers for a senior trade.

Private equity firm 3i is taking advantage of bullish conditions in the leveraged loan market to launch its fifth dividend recapitalisation of Action, the Dutch non-food discount retailer it bought in 2011.

London-based charity the Wellcome Trust, which funds biomedical research, announced on Tuesday that it plans to become just the third issuer to sell a 100 year sterling bond. The Aaa/AAA rated charity met with investors on Tuesday morning and plans to issue the bonds as early as Wednesday.

Following an investor call on Monday, Dutch energy distributor Alliander received overwhelming support on Tuesday for a new €500m hybrid bond issued alongside a tender offer for its existing €500m 3.25% hybrid. The final order book was more than €3.5bn.