Europe

Eversholt Rail, the UK railway carriage leasing company, returned to the bond market after a six year gap today, to borrow £400m of 25 year amortising debt.

Natixis is looking to hire an SSA syndicate banker with dollar market skills, GlobalCapital understands.

Fitch has revised its outlook on Spain’s credit rating to positive despite the sovereign facing a potentially destabilising referendum in October.

Greece is set to make its much rumoured return to the debt markets this week, bringing a new five year bond alongside a switch and tender offer for its original comeback issue, an April 2019 sold three years ago. Bankers away from the trade expect the trade to go well, despite coming just as the summer slowdown is set to start.

Blackstone has agreed to buy exhibitions organiser Clarion Events from Providence Equity Partners, only days after it announced a £2.86bn public-to-private bid for UK fintech firm Paysafe alongside CVC.

FMS Wertmanagement came shooting out the blocks on Monday with an early mandate for a global benchmark. The issuer has opted for a five year, with banks on the trade citing strong investor appetite for dollar paper at that point of the curve.

Allfunds Bank has mandated banks to arrange the sale of a seven year non-call three senior secured bond following the firm's sale to Hellman & Friedman and GIC.

Tissue Regenix Group, the UK regenerative medical technology company owned by IP Group, has issued £40m of shares to finance its acquisition of CellRight Technologies in the US.

Government support for Banca Carige is becoming more probable, boding well for its covered bonds, which are the cheapest available in Europe. But limited liquidity in these and other eurozone bonds makes it difficult to execute trades, in stark contrast to non-eurozone bonds.

Just one borrower occupied European high yield bond pipeline at the start of this week giving the impression the market is about to slow for summer. Bain Capital’s hygiene product supplier Diamond, is out on a roadshow.

CVC Capital Partners is speaking to international banks about a new loan to refinance a deal used to acquire Poland’s state railway company’s energy unit PKP Energetyka in 2015.

Turkey's Odeabank revised guidance to 7.75% area for its Basel III-compliant 10 year non-call five tier two bonds on Monday, as investors got to grips with a new credit, and anticipated return of compatriot and peer, Halkbank.