Europe

Cores, Spain’s strategic oil reserves manager, has picked banks for a roadshow to promote a euro bond, just as Spain faces its most severe political turmoil in years.

Swiss coffee company Sucafina has signed its first syndicated loan for $300m with 11 banks.

Oslo-listed oil and gas exploration firm Aker BP raised Nkr4.1bn ($500m) through an accelerated bookbuild, to fund its acquisition of Hess Norge, the owner of two Norwegian oil fields.

European laboratory testing firm Eurofins secured €299m of capital to support its acquisition strategy, through an accelerated bookbuild run by Jefferies and Berenberg on Monday night.

Majorcan travel services operator Hotelbeds has announced a repricing of all its loan debt, continuing a wave of margin cutting that investors have little choice but to support.

The Slovakian government has approved an updated version of its covered bond law but while this is likely to improve on the existing framework further work may be needed.

Vivat NV has mandated banks for a perpetual non-call five dollar deal with an expected rating of BB by Fitch Ratings.

Corporate hybrid bond investors have been heavily scaled back on their recent orders for new deals, so they will have been pleased by French laboratory testing firm Eurofins Scientific's Halloween Tuesday announcement mandating for its latest deal.

On Monday night, Dmitry Grishin, the Russian entrepreneur, sold a chunk of his stake in Mail.ru Group, the internet services company he co-founded, via an accelerated bookbuild led by Goldman Sachs on the back of reverse enquiries from investors.

Norwegian financial institution Komplett Bank is looking to place up to Nkr1.03bn ($126.58m) in an initial public offering (IPO), combining primary and secondary placements on the Oslo Stock Exchange (OSE).

Fugro, the Dutch geosciences company, returned to the equity-linked market on Monday when it issued a €100m subordinated convertible bond due in 2024 to finance the early repayment of senior debt and US private placement notes.

Caisse des Dépôts et Consignations (CDC) returned to the Swiss franc market after a four year absence on Monday, in order to refinance a Sfr250m ($250.2m) 10 year Swiss franc bond expiring in two weeks’ time — but the French agency had to pay over its euro curve for entry.