Europe

Bank Nederlandse Gemeenten launched a three year dollar floater on Thursday, pricing at what one of the leads said was flat to the issuer's curve.

Environmental service firm Adler & Allan is refinancing all of its debt with a sub-£100m ($130m) unitranche loan from HSBC and alternative investor Bain Capital Credit. The product can pose competition to high yield at bigger sizes, said sources.

ABN Amro Bank returned to the dollar Formosa market on Wednesday at the prompting of Taiwanese investors, raising $450m from its deal.

Investors are sitting on plenty of cash but have little opportunity to do anything with it in the covered bond market as supply prospects look set to worsen. But with Bund yields breaking up from a long held range on Thursday and the possibility of the European Central Bank scaling back covered bond purchases, there are likely to be better buying opportunities at hand.

There is no better time than the summer to take a trip down memory lane and revisit old haunts in London, especially as it provides the perfect backdrop for catching up with friends over a few drinks.

Bankia paid a very slim new issue premium for its debut additional tier one deal on Thursday, as investors showed they were willing to support two tightly priced trades from riskier Spanish banks in two days.

Droit Financial Technologies has signed up five banks to Adept — its Market in Financial Instruments Directive II (MiFID II) trade compliance platform.

GetBack, the Polish debt collection company, has priced its Warsaw IPO at the bottom of the range, in a further sign of the variety of outcomes in the present flotation season.

Pasubio, the Italian maker of speciality car upholstery, is funding its buyout by CVC with a leveraged loan and revolver launched on Wednesday in an issuer-friendly market.

Bank Nederlandse Gemeenten will nip into the briefest of windows in the dollar market this week to roll over a floating rate note maturing next week.

Agence Française de Développement’s plans to change its banking license will lead to it selling more private placements, according to Bokar Cherif, the agency's head of treasury.

Annington Homes, the Terra Firma-owned group that owns the UK Ministry of Defence married quarters housing estate, dazzled the corporate bond market with the second largest sterling issuer by a company ever on Wednesday, despite the complexity of its story. The deal augurs well for British American Tobacco's bond plans, said some corporate bond experts.