Europe

Mitsubishi UFJ set the spread at 45bp over mid-swaps for a €750m seven year note in its debut holdco euro issuance on Thursday.

Senior preferred valuations have been moving ever closer to those of covered bonds, making it difficult for issuers to decide which funding instrument to favour in recent weeks.

CaixaBank set a spread of 95bp over mid-swaps on Thursday for a long five year senior non-preferred bond in euros, following on from BBVA’s €1.5bn debut in the instrument.

International Bank of Azerbaijan (IBA) is expected to launch three new bonds on Friday that have been born out of a restructuring of $3.34bn of the bank’s debt.

Swedish banks were circling the euro market this week as preferred senior bond valuations touched on historic lows. SBAB Bank, Länsförsäkringar Bank (LF Bank) and Svenska Handelsbanken were all looking at new deals.

Goldman Sachs is soon to close a block trade of its Dong Energy shares, its third sale since the IPO, with price guidance standing at Dkr320 to Dkr322 a share.

Neinor Homes, the Spanish builder, has chosen its first international bank as a lender this week, instead of a domestic bank. Its CEO, Juan Velayor, explained why to GlobalCapital.

ING has reshuffled its line-up of syndicated finance bankers, creating a new European regional head role while relocating its global head from London.

A slew of companies announced roadshows for European bond issues on Wednesday, setting next week up to be one of the busiest for months.

Two of Europe’s biggest issuers are relaunching the sterling market in the wake of the summer lull this week — including one that more than doubled its initial target.

Europe's corporate bond market was firing on all cylinders on Wednesday. Three issuers launched deals, while others continue to fill up next week’s issuance pipeline.

A pair of issuers sold high quality euro deals into an eager market on Wednesday, drawing praise from onlookers for impressive books.