Europe

Caisse des Dépôts et Consignations looks likely to be the latest public sector borrower to return to the sterling market after a long absence, after it hired banks to hold investor meetings next week.

PortAventura, the Spanish theme park operator, has scheduled a bank meeting for Thursday morning in London for a €620m seven year term loan ‘B’ refinancing and dividend recapitalisation.

UK airport Heathrow landed orders for more than five times its £250m offering on Wednesday, in a week with less than €500m of new paper in sterling and euros in the high yield bond market.

GlobalCapital is delighted to announce the winners of its High Yield Bond Awards for 2017. The results were revealed at a gala dinner at London's Globe Theatre on May 23. Thank you to everyone who supported the event by attending and voting in the polls that decided who were the best and brightest in bonds over the last 12 months.

On Tuesday night, the Hueck family, which controls Hella Hueck & Co, sold a 2% stake in the company at a very slim discount.

NN Group, the Dutch insurance firm, was looking to raise €900m of senior bond funding in the primary market on Wednesday, in a bid to fund its merger with fellow Dutch insurer Delta Lloyd.

Emerging Market Bond House of the Year

Nykredit Realkredit paid a slim premium for a smaller €300m senior resolution note on Wednesday, printing its first floating rate deal in the format.

Air Liquide was named Most Impressive Investment Grade Corporate Borrower and BNP Paribas Corporate Bond House of the Year in GlobalCapital's Bond Awards 2017, announced on May 23 at our Bond Dinner at the Globe Theatre, London.

Troubled Croatian supermarket group Agrokor, now under the control of a government-appointed commissioner, has filed an action in a Zagreb court to lift a clause in the employment contracts of its previous senior management that shields them from the costs of legal action against the company.

Secondary markets were trading stably on Wednesday, and although non-eurozone bonds were better offered, dealers expressed confidence that spreads would squeeze tighter over the summer months.

Park Square Capital has hired an executive director from Goldman Sachs into its direct lending team, as well as promoting three partners from within, as it builds out its private debt business.